Emirati fashion designers challenge their frontiers

Dubai stock market shares continue to plummet

By: northsunm32

  Other stock markets are falling as well but it would seem that this is for other reasons than the Dubai debacle. However as this article shows the markets there have not yet returned to anything like normal. This is from presstv.     Dubai shares continue to plummet The Dubai index tumbled 4.7%, after

2 days ago

Dubai splurges on fireworks while defaulting on debt

By: DipakBhat

Even as on the eve of Eid Al Adha and National Day, The Dubai Government stunned the world with announcement of default in debt repayment, its blowing up thousands of dollars in expensive fireworks displays every evening for 4-5 days.

11 days ago

Dubai recovery hopes hit by debt 'standstill' call

By: intellectual

Dubai, the credit-crunched Gulf playground, has shattered hopes of imminent financial recovery by asking for a six-month "standstill" on major parts of its debt Dubai World, one of the emirate's main state holding companies, said it was asking for a delay on maturities until at least May 30. It has $60bn (£35.9bn) in declared ...

14 days ago

Financial Market Comment

By: petermat

   So much to think about in markets today.. Dubai, Iran etc etc..although nothing to report (trading wise) from the UK morning session. While I catch up on things a fewgeneral thoughts. Markets are more than usually vulnerable tonews and events right now. We all want to believe in therecovery being sustainable and recession being ...

10 days ago