Posted on November 28, 2010 by
Debt-laden Dubai is looking into a possible privatisation of public sector firms and offloading international assets, but is waiting for the right time for a good return, officials said on Sunday.
Continue ReadingPosted on December 20, 2009 by
Dubai, set to ask creditors for a standstill on restructuring some $22 billion in debt linked to troubled conglomerate Dubai World , may still repay lenders in full, a local newspaper said on Sunday, citing unnamed sources.
Continue ReadingPosted on December 17, 2009 by
DUBAI, United Arab Emirates — Dubai’s ability to host big-money events in tennis, golf and horse racing is coming under scrutiny as the emirate struggles with massive debt.
Continue ReadingPosted on December 1, 2009 by
— Bondholders and creditors have begun mobilising in response to Dubai World’s $26bn restructuring plans, as Dubai’s ruler on Tuesday sought to reassure investors that his debt-laden emirate’s economy remained sound.
Continue ReadingPosted on December 1, 2009 by
Officials in the United Arab Emirates tried Tuesday to calm investors and the public over the Dubai World debt crisis, and the company itself said it was seeking to renegotiate only the obligations held by its troubled real estate …
Continue ReadingPosted on November 30, 2009 by
Asian markets rallied on Monday, but Europe reversed opening gains, as investors digested moves by the United Arab Emirates central bank to soothe worries over Dubai’s debt crisis.
Continue ReadingPosted on November 26, 2009 by
DUBAI, United Arab Emirates — Just a year after the global downturn derailed Dubai’s explosive growth, the city is now so swamped in debt that it’s asking for a six-month reprieve on paying its bills — causing a drop on world markets Thursday and raising questions about Dubai’s reputation as a magnet for international investment.
Continue ReadingPosted on November 26, 2009 by
Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year.
Continue ReadingPosted on November 15, 2009 by
DUBAI — Kuwait’s Investment Dar, the Islamic financial firm that owns half of British luxury carmaker Aston Martin, plans to present a proposed debt restructuring plan to creditors this month, the company said Sunday.
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