Abu Dhabi All News

Ernesto Herrera in a statement. "All of Dubai�s state-owned companies, the biggest employers there, will surely be forced to restructure, mainly through job cuts," said Herrera, former chairman of the Senate committee on labor, employment, and human resources development.

Creditors of Dubai World are expected to reject a standstill agreement proposed by the company, threatening to drag out negotiations over $26bn (£15bn) worth of the conglomerate's debt. Advisers involved in the talks tonight said that the process could take...

The name mentioned most by bankers and investors in the region is that of Dubai Holding , the personal investment vehicle of the ruler, Sheikh Mohammed bin Rashid al-Maktoum. “Dubai’s actions have introduced the risk that restructuring of other corporates...

Middle East.Together the two shows will offer a dedicated platform for the entire food industry, from food processing to finished products, bringing together professionals involved in buying and selling food products and services, and innovative, high–performance, food packaging equipment....

New York and the Standard & Poor’s 500 Index added 1.1 per cent. “The fallout from the Dubai situation and the overall contagion effect should be both short-lived and quite limited,” wrote Suki Mann, a credit strategist at Societe Generale...

Both indexes were down about 6% after recording big losses on Monday. Dubai World has unveiled plans to restructure $26bn (£15.8bn) in debt, its first comment since the crisis began last Wednesday. It a statement the firm said that it...

Lebanon will not be drastically affected by the looming financial crisis in Dubai but Beirut should derive news lessons from the experience of the once-thriving emirate, economists and bankers said on Sunday. There was also a consensus that one should wait...

The leading UK index is down 98.12 at 5266.69, while Germany's DAX is off nearly 2% at 5689.51 and France's CAC has fallen 1.95% to 3728.35. There will be no guidance from Wall Street, since the US market is closed...

But, Button has said that he is expecting an unprecedented battle for the championship next year with McLaren and Ferrari returning to the mix. �Ferrari and McLaren are going to be competitive next season, but I don�t think they are...

These are photos from Rihanna’s performance on Good Morning America yesterday morning...In half of the pictures from her performance, she’s making a silly, funny face...I don’t think it’s even an act anymore, like it’s a trying-too-hard subversive fashion sense.