New Ratings for Dubai Corporates

David Beckham and Brad Pitt among celebrities caught up in Dubai ...

By: intellectual

David Beckham and Brad Pitt are believed to be among the stars caught up in Dubai's spiralling credit crisis. The pair have seen the value of property they bought in the Gulf plummet as Dubai struggles under a mountain of debt. Things have now gone from bad to worse after Nakheel, the island's developer, and its parent company Dubai World ...

3 days ago

Dollar Gain on Dubai Debt Crisis

By: ASMASH

  TThe dollar, which was low yielding since last many months, rose against most major currencies after Dubai’s attempt to holdup debt. This situation stimulated investors to sell higher-yielding assets backed by the currency. The yen declined against the dollar after touching a 14- year high on speculation Japan will intervene ...

2 days ago

Dubai boom going bust as debt soars.

By: northsunm32

 Dubai is famous for its huge and hugely expensive development projects but the financial crisis put a stop to most of them and now the huge debts amassed are causing the jitters among investors near and far. The jitters were felt on the London Stock Exchange. These excerpts are from Timeslive.     Investors rattled by Dubai debt ...

3 days ago

What does the financial collapse of Dubai have to do with UK's ...

By: TCIwatch

By: Adrian Holman The recent economic collapse in Dubai that occurred this week could be one of the answers to solving the question of United Kingdom's take over of the government of the Turks & Caicos Islands. Was the UK bracing for the Dubai collapse by using Turks and Caicos' resources to lessen the blow to UK's economy? It is widely ...

2 days ago