News Source: The Independent
| about 1 hour ago
Teetering debts threaten to topple the city's towers; fleeing foreign businessmen are abandoning their cars at the airport as the desert sands reclaim the city...The collapse last year of Dubai's building binge has certainly left the emirate with a
News Source: Times Online
| about 2 hours ago
He was dressed in traditional Arab robes but wore a rubber wizard’s mask. He held an aerosol aloft and directed a jet of party foam into the air. Four-wheel drives plastered in pictures of Dubai’s Royal Family roared their engines back in
News Source: Times Online
| 1 day ago
March exchanging convertible bonds issued by Citigroup for common shares in the bank at a price of $31.83 per share. Citi stock was trading down 0.98 per cent this afternoon at $4.06 per share...Sheikh Ahmed Bin Zayed Al Nahayan, the authority's
News Source: International Herald Tribune
| 1 day ago
United Arab Emirates The ruler of this city, Sheikh Mohammed bin Rashid al-Maktoum , became renowned as a developer-king, an autocratic visionary determined to build a 21st century Xanadu in the desert despite a legion of critics who said it could
News Source: International Herald Tribune
| 2 days ago
United Arab Emirates What’s the difference between Dubai and Dubai World? Dubai’s spectacular rise from a village of pearl fisherman 50 years ago to a commercial and financial hub of the Persian Gulf today was built on the idea that the state
News Source: Guardian Unlimited
| 2 days ago
business as usual When news broke of Dubai World's economic crash, many feared that the emirate was heading for disaster. EPA You realise you're in trouble when they start talking about what you can see from the moon...That's interesting, you think,
News Source: Financial Times
| 2 days ago
Of the $40bn of total Dubai World debt, bankers close to the situation said RBS had between $1bn and $2bn of exposure, compared with about $1bn apiece for the other UK institutions. One senior banker with knowledge of the debt portfolio said Emirates
News Source: Financial Times
| 2 days ago
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