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News Tagged ‘dubai world’

QE 2 will not be shipped to South Africa, yet

Written on 26 Jan, 2010 at 20:26 in Business | viewed 139 times | 1 Comment
QE 2 will not be shipped to South Africa, yet

Dubai was planning to move the Queen Elizabeth 2 (ex)cruise liner to South Africa. You may have heard about a UAE company called Dubai World? Of course you have. They are the owner of the QE 2 (via their investment... (Continue reading)

Tagged with: dubai world    Istithmar    qe2    queen elizabeth 2

In 7 days it will show if Nakheel is paying its debt

Written on 12 Jan, 2010 at 12:59 in Business | viewed 264 times | 2 Comments

Nakheel, the Dubai based property developer and part of Dubai World, has to pay back part of a 750 million US$ bond in 7 days. Dubai World, Nakheel’s parent company,  is looking for a standstill of it’s 22 billion US$... (Continue reading)

Tagged with: dubai world    dubai world debt    nakheel

Dubai World will survive

Written on 21 Dec, 2009 at 16:30 in Business | viewed 291 times | 1 Comment

Even though it was expected from Dubai World’s creditors, the company did not ask for a standstill on its debts in today’s meeting in Dubai. It was the first face to face meeting of Dubai World officials with their creditors... (Continue reading)

Tagged with: Burj Khalifa    DFM    Dubai Stock Market    dubai world    dubai world debt    financial crisis

UAE Government bails out Dubai – Market’s are up

Written on 14 Dec, 2009 at 12:40 in Business, Featured | viewed 226 times | 1 Comment

In a dramatic U-turn, Dubai today announced that it has received a $10bn bail-out from the neighboring Emirate Abu Dhabi that will enable it to pay off the immediate debts of its most troubled state-run companies. Confirmation that the government... (Continue reading)

Tagged with: Burj Khalifa    DFM    Dubai Stock Market    dubai world    dubai world debt    UAE Government

Dubai Stock Market rebounds – for long?

Written on 10 Dec, 2009 at 13:54 in Business, Featured | viewed 340 times | 1 Comment
Dubai Stock Market rebounds - for long?

Today the Dubai Stock Market DFM rebounded from it’s low yesterday on a relatively high turnover. The last few days since the shocking announcement of Dubai World had obviously an impact on the stock markets of the United Arab Emirates.... (Continue reading)

Tagged with: Alislami    Arabtec    Burj Khalifa    DFM    Dubai Debt    Dubai Stock Market    dubai world    Emaar    Union Properties

Dubai: the City that Cried Wolf

Written on 3 Dec, 2009 at 6:30 in Business, Featured | viewed 553 times | 0 Comments
Dubai: the City that Cried Wolf

A week ago, Dubai announced to the world that one of its largest entities, Dubai World, will be seeking a moratorium on its debt, believed to be somewhere in the range of $60 Billion. Soon after, various holidays around the world... (Continue reading)

Tagged with: Burj Khalifa    Business    DP World    Dubai    dubai world    Economics    Istithmar    nakheel    Recession    Sukuk

No Guarantee for Dubai World’s Debt from Dubai Government

Written on 30 Nov, 2009 at 21:12 in Business, Featured | viewed 370 times | 1 Comment

Dubai’s government said it hasn’t guaranteed the debt of Dubai World, the state-controlled holding company struggling with $59 billion in liabilities, and that creditors must help it restructure. “It is correct that the government owns Dubai World, but the decision... (Continue reading)

Tagged with: Burj Khalifa    downturn    dubai government    dubai world    dubai world debt    financial crisis

Stock Markets in Dubai and Abu Dhabi Fall Sharply

Written on 30 Nov, 2009 at 20:36 in Business, Featured | viewed 134 times | 0 Comments

Dubai bourse slumped 7.30 per cent at end of trading session today while Abu Dhabi dropped 8.24 per cent to 2,670 as market sentiments remained down on Dubai World restructuring news. The Dubai bourse closed 7.30 per cent lower at... (Continue reading)

Tagged with: abu dhabi stock market    Burj Khalifa    DFM    dubai financial market dfm    dubai world    dubai world debt

Did Dubai World kill Dubai’s Dream?

Written on 27 Nov, 2009 at 22:56 in Business, Featured | viewed 893 times | 3 Comments
Did Dubai World kill Dubai's Dream?

Dubai has made it into the international news again. This time it’s all about one of Dubai’s biggest companies – DUBAI WORLD. The news read like: Indian stock markets joined the tumble in bourses around the world on Friday after Dubai... (Continue reading)

Tagged with: Burj Khalifa    DFM    dubai financial market    dubai world    financial crisis

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