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The inflation rate in Dubai fell to 1.3% in January, the lowest since since annual inflation data records began in 2009, Bloomberg reported. Inflation slowed from 2.8% in December, according to...
Continue reading...Thursday, February 18, 2010
A new report by the the International Monetary Fund urges a 'vigorous' restructuring of Dubai's state companies, including giving up nonviable businesses, Bloomberg has reported. While market...
Continue reading...Thursday, February 18, 2010
State-owned Dubai World will present a proposal to creditors in March to restructure about $22bn of debt after its advisers complete valuing the assets of the company, Bloomberg has reported,...
Continue reading...Thursday, February 18, 2010
The IMF also repeated its stress on the importance of the operational restructuring of the Dubai Government owned entities at the heart of the debt problem, and said it thought the process would take 'sometime'. ...
Continue reading...Sunday, February 14, 2010
14 February 2010 The cost of protecting Dubai -based debts has grown to the highest since Dubai World Dubai World announced that it was seeking a standstill on debt repay-ments in November, according to reports yesterday by Bloomberg. ...
Continue reading...Tuesday, February 2, 2010
The Tiger Woods Dubai golf course and luxury-home complex, which has been delayed by the emirate's property slump, will be completed as planned, Bloomberg has reported. 'We haven't decided yet on a...
Continue reading...Monday, January 11, 2010
Barclays Bank has won the first foreclosure case in the history of Dubai , according to an exclusive report on Bloomberg today, leaving the floodgates open for more foreclosures in the emirate where prices have fallen by 50 per cent over ...
Continue reading...Tuesday, December 22, 2009
Dubai World will present a standstill offer to banks in early January as the state-owned holding company attempts to restructure about $22 billion of debt, three bankers who attended a presentation on the matter Monday told Bloomberg ...
Continue reading...Wednesday, December 16, 2009
Well, kudos to Bloomberg's Zainab Fattah and Tian Huang, who this morning have assembled “Tiger” and “Woods” and “ Dubai ” in one story, about the golfer's namesake development company proceeding ahead with plans to complete a golf course ...
Continue reading...Wednesday, December 16, 2009
Dubai borrowed $10 billion from Abu Dhabi this week by selling its neighbor five-year bonds paying an annual interest rate of 4 percent, a person close to the government, who is familiar with the transaction, told Bloomberg News.
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Wednesday, March 3, 2010
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