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Dubai's handling of the debt crisis at flagship Dubai World will affect its ability to attract future investment, British Business Secretary Peter Mandelson said on Sunday.
Continue reading...Saturday, February 13, 2010
Dubai continues to struggle with the debt from massive construction projects.
Continue reading...Saturday, February 13, 2010
Dubai is one of the seven emirates that form UAE (United Arab Emirates).
Continue reading...Friday, February 12, 2010
It could be that the world's tallest skyscraper - the Burj Khalifa - isn't the only thing in Dubai that's shutting down (see this item from a few days ago) as, earlier today, MarketWatch reported on new fears about the Dubai debt ...
Continue reading...Wednesday, February 3, 2010
Istithmar bought ISS for $285 million in 2006 from Electra Investment Trust, a London-based investor group, and is selling the company to help its financially troubled parent Dubai World restructure some $22 billion of debt. ...
Continue reading...Sunday, January 17, 2010
Bank creditors to Dubai World that are owed billions of dollars are trying to reduce their exposure to the debt-laden conglomerate by offering their loans for sale ahead of an expected restructuring of the company's $22bn of debt. ...
Continue reading...Friday, January 15, 2010
On December 14, 2009, Abu Dhabi, a wealthy emirate of the United Arab Emirates, provided Dubai with 10 billion dollars in assistance to avert an imminent default by the Dubai -owned company Nakheel on 4.1 billion dollars in debt.
Continue reading...Tuesday, January 12, 2010
Before the debt crisis, Dubai was planning to have some of the most unique and ambitious construction projects on the planet. Among them were the Hydropolis - a $500 million underwater hotel, the Dancing Towers - a multi-billion project ...
Continue reading...Sunday, January 3, 2010
Dubai will open the world's tallest skyscraper on Monday, boasting new limits in design and construction, hopeful of polishing an image tarnished by the debt.
Continue reading...Sunday, January 3, 2010
He will look to write another piece of history around Emirates Golf Club's Majlis course when he attempts to become the oldest winner of the huge Omega Dubai Desert Classic trophy, replacing Mark O'Meara who took the title in 2004, ...
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Sunday, February 14, 2010
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