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Dubai World will survive

Written on 21 Dec, 2009 at 16:30 in Business | viewed 290 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

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

Did Dubai World kill Dubai’s Dream?

Written on 27 Nov, 2009 at 22:56 in Business, Featured | viewed 892 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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