Recent Event Highlights: IMF Warns Dubai Of Property Market Exuberance - Gulf Business News, World timeline in the Sachin Tendulkar Era - Part 2 of 2: The 21st century - Cricket Country, Do not get overtaken by property market exuberance, IMF tells Dubai - Economic Times, Dubai acquits Australian real estate executives of fraud charges - Financial Times, Dubai to tackle debt repayments - MEED (subscription), Dubai economy on course to grow at fastest rate in six years - The National, and 113 more...
Created by dipity on Nov 27, 2009
Last updated: 11/14/13 at 10:14 AM
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Climate talks: will COP19 help poor countries? – podcast transcriptThe GuardianI tend not to think of it as climate debt, but to try to think of it more in a positive framing and the role of leadership; which China is clearly taking in many respects on the domestic front. It's not only developing a lot of the renewable energy ...and more »
IMF Warns Dubai Of Property Market ExuberanceGulf Business NewsSince 2012, state-linked developers have dusted off projects shelved during Dubai's 2009-2010 debt crisis and unveiled new ones. Some $51 billion worth of projects is estimated to have been announced in January-September. The UAE central bank ...
World timeline in the Sachin Tendulkar Era - Part 2 of 2: The 21st centuryCricket CountryDuring economic crisis in Argentina government effectively froze all bank accounts for twelve months, leading to riots and President de la Rúa's resignation from office. Early in the year, Wikipedia was launched on the internet. Apple Computer unveiled ...and more »
Do not get overtaken by property market exuberance, IMF tells DubaiEconomic TimesSince 2012, state-linked developers have dusted off projects shelved during Dubai's 2009-2010 debt crisis and unveiled new ones. ET SPECIAL: Save precious time tracking your investments. DUBAI: Dubai's government has to make sure its property market ...
Dubai acquits Australian real estate executives of fraud chargesFinancial TimesExecutives at several state-backed and private developers were jailed for corruption as prices slumped by two-thirds, dragging the emirate towards a damaging sovereign debt crisis and recession. The property market has rebounded in recent years as ...and more »
Dubai to tackle debt repaymentsMEED (subscription)Dubai is thought to have $50bn of debt repayments due over the next three years. Dubai World, the government investment vehicle at the heart of the emirate's debt crisis, faces repayments of about $4.5bn in 2015. At a creditors meeting earlier this ...
Dubai economy on course to grow at fastest rate in six yearsThe NationalSince languishing in a crisis linked to a property crash and a debt crisis during the years 2009 and 2010, Dubai's economy has regained momentum. Property prices have shot up, with average apartment prices rising by 42 per cent during the 12 months to ...and more »
Times of OmanDubai GDP Grows Picks Up in First Half on Hotel OccupancyBloombergDubai's economy expanded 4.9 percent in the first half of 2013, led by the hotel and restaurant industry, as the Middle East's financial and transport hub rebounds from its debt crisis. Gross domestic product expanded to 169 billion dirhams ($46 ...Leisure industry helps growth of Dubai economyTimes of Omanall 2 news articles »
Dubai Holding arm plans to sell stake in Swatch-backed retailer: sourcesReutersDubai, helped by a rebound in its property market, is recovering from a debt crisis in 2009 when several of its state entities were forced to restructure debt and seek more time for repayment. The emirate, facing debt repayments of about $50 billion ...and more »
Dubai launches much-delayed passenger services at new airportReutersSince 2011, tourists have flocked to Dubai, a regional safe haven, at a time of political unrest elsewhere in the Middle East, which helped the emirate's economy emerge from a crippling debt crisis. Dubai is now reviving stalled infrastructure and ...and more »
The IMF has warned Dubai that another property bubble may form if it does not curb its rapidly growing property prices. They rose by 30% in the first six mon...
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After crashing at the height of the financial crisis, Dubai's real estate sector is staging a sustained recovery by refocusing on trade, tourism and transpor...
Abraaj Capital group Founder and CEO, Arif M. Naqvi, talks to CNN's Todd Benjamin about the Dubai Debt Crisis at the Super Return Forum in 2009.
http://www.euronews.com/ Dubai Holding, the investment group owned by the emirate's ruler, has reached an agreement with creditors to delay repayment of 1.9 ...
Nov. 26 (Bloomberg) -- Bloomberg's John Cookson reports on Dubai's proposal to delay debt payments as it negotiates to extend maturities. (Source: Bloomberg)
Nov. 27 (Bloomberg) -- Mark Dow, a portfolio manager at Pharo Management LLC, talks with Bloomberg's Jon Erlichman about the impact of Dubai's credit crisis ...
Nov. 27 (Bloomberg) -- Luis Costa, an emerging markets debt strategist at Commerzbank AG, talks with Bloomberg's Mark Barton about the ability of Dubai to re...
Nov. 30 (Bloomberg) -- Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co., talks with Bloomberg's Lori Rothman and Mark Crumpto...
Nov. 30 (Bloomberg) -- David Gordon, head of of research at Eurasia Group, talks with Bloomberg's Mark Crumpton and Julie Hyman about the implications of the...
Nov. 30 (Bloomberg) -- Bloomberg's Sara Eisen reports on the outlook for the U.S. dollar. (Source: Bloomberg)
Nov. 30 (Bloomberg) -- Emad Mostaque, Middle East equity-fund manager at Pictet Asset Management, talks with Bloomberg's Margaret Brennan and Francine Lacqua...
Dec. 2 (Bloomberg) -- Mohieddine Kronfol, managing director at Algebra Capital Ltd., talks with Bloomberg's Chris Burns about the impact of Dubai's debt cris...
Dec. 18 (Bloomberg) -- Emad Mostaque, investment manager at Pictet Asset Management Ltd., talks with Bloomberg's Margaret Brennan about the Dubai World debt ...
Jan. 28 (Bloomberg) -- Arif Naqvi, chief executive of Abraaj Capital Ltd., talks with Bloomberg's Margaret Brennan about Dubai's debt problem. They speak at ...
Sept. 27 (Bloomberg) -- Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum discusses the emirate's recovery from a debt crisis involving state-controlled hold...
Sept. 27 (Bloomberg) -- Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum discusses the emirate's recovery from a debt crisis involving state-controlled hold...
gulfnews.comUAE recovering well from crisis: IMFTrade ArabiaThe UAE is recovering well from the Dubai debt crisis and its struggling real estate sector is showing some signs of regaining strength, a senior International Monetary Fund official said. "The real estate sector has seen signs of stabilisation in some ...IMF cautions UAE on risks of debt rollovergulfnews.comIMF says Central Bank considering loan limitsThe NationalUAE growth to slow to 2.3% in 2012, says IMFArabianBusiness.comall 8 news articles »
Dubai consumer prices plunge sharply over property supplyGulf Daily NewsMeanwhile, head of the IMF mission to the UAE Harald Finger said the UAE is recovering well from the Dubai debt crisis and its struggling real estate sector, the source of many of the problems, is showing some signs of regaining strength.and more »
Al-BawabaUAE recovering well from Dubai debt crisis: IMF officialArab NewsBy REUTERS ABU DHABI: The UAE is recovering well from the Dubai debt crisis and its struggling real estate sector, the source of many of the problems, is showing some signs of regaining strength, a senior International Monetary Fund official said.IMF sees UAE GDP growth slowing to 2.3 pct in 2012ReutersUAE's GDP to grow 2.3% in 2012: IMFMiddle East North Africa Financial NetworkIMF Predicts UAE Growth to Slow in 2012Wall Street JournalKhaleej Times -gulfnews.comall 44 news articles »
Financial TimesDrydocks World Is 'Confident' in Debt Deal After Court Case LossBloombergThe company is one of several in Dubai seeking to restructure debt after property prices and asset values slumped in the Persian Gulf business hub and credit markets froze with the onset of the 2008 global credit crisis. Drydocks borrowed $2.2 billion ...US hedge fund wins Dubai default caseFinancial TimesUS hedge fund wins $72m Drydocks World suitThe Nationalall 66 news articles »
MIDEAST DEBT-Dubai, Bahrain debt insurance costs convergeReutersDubai's five-year credit default swaps have narrowed dramatically since the emirate was hit by a corporate debt crisis at the end of 2009. The catalyst for the crisis -- weakness in the real estate market -- has not been resolved, but progress in ...and more »
Dubai Holding eyes sale of remaining stake in Axiom: sourcesReutersUL, Dubai International Capital and Dubai Group. It is among the matrix of firms badly hit by Dubai's 2009 financial crisis and most of its units have had to hold discussions with banks to extend liabilities and restructure debt.and more »
The NationalDubai's Emirates NBD Said to Plan Cutting 15% of Workforce to Reduce CostsBusinessWeek... global credit crisis hurt the country's real-estate industry and as assets prices slumped, leading to an increase in costs at banks. Emirates NBD is one of the biggest lenders to state-owned Dubai World, which restructured $25 billion of debt after ...UAE lender Emirates NBD plans 15 pct staff cut-sourcesReutersEmirates NBD plans to cut as many as 700 jobsgulfnews.comall 25 news articles »
CTV.caUAE economy grew 3.3 percent in 2011, below forecastsReutersThe economy has been recovering steadily from Dubai's 2009-2010 corporate debt crisis because of high oil prices and strong trade with Asia, though bank lending has remained sluggish and the once-booming real estate sector weak.UAE's 2011 economy expands 3.3%Middle East North Africa Financial Networkall 142 news articles »
Business Intelligence Middle EastDubai Investments to Divest Three Businesses as Emirate's Economy RecoversBloombergDubai Investments, which operates in businesses including real estate, financial services and investments, slowed its divestment plan after the financial crisis hit Dubai late 2008. The company sold 40 percent of its private equity unit Masharie LLC ...Dubai Investments plans to sell stakes in dozens of firmsgulfnews.comall 8 news articles »
...additional 8,000 square metres by the end of 2012. The move is the latest by Dubai, which is slowly emerging from a crippling debt crisis, to tap unique financing means partly to overcome a dearth in European funding. In July, the emirate closed a $800 million...
Arabian Supply ChainDubai's Drydocks World to Complete $2.2 Billion Debt Restructuring by JulyBloombergDrydocks World LLC plans to present next week the terms to restructure $2.2 billion of debt as the global credit crisis forces Dubai's state-linked companies to alter terms on loan repayments. Drydocks World, a unit of state-controlled Dubai World, ...Drydocks World to present terms of $2.2bn debt restructuringThe Nationalall 113 news articles »
20 Feb 2012 Bloomberg Global rallies is helping lift investment sentiment. But on top of that a few factors is fuelling it. Dubai is up 17% year to date. Confidence that companies in Dubai will make payments without government help. Dubai predicts economic growth of 5%. The fundamentals haven't changed, just the perception. The debt is $100bn. Dubai could have higher refinancing risk because of the debt crisis. But others say that there has been no default. The default risk has dropped over the last two years. Dubai has been proving everyone wrong. This year will be better than last year.
Kipp ReportMIDEAST MONEY-Legal limbo stymies banks' recovery of Dubai govt debtReutersLocal and international banks have been waiting nearly two years in some cases for resolutions to drawn-out restructurings of entities hit by the debt crisis in 2009, when Dubai was forced to request a standstill on flagship conglomerate Dubai World's ...Legal limbo stymies banks' recovery of Dubai GovtKipp ReportLegal limbo stymies banks' recovery of Dubai government debtBusiness Recorder (blog)all 5 news articles »
7 National News is an English newscast giving indispensable information to its viewers. Its reporters cover all the major developments and changes in the UAE, City 7 News is the common thread that gives information to all the different nationalities and communities in the UAE in the most concise and in depth manner.
Dubai TV interviews Jihad Azour to discuss the Euro crisis and the role of the European Central Bank and its impact on the Middle East.
Ashraf Laidi discusses a wide range of topics for Dubai TV's "Biddirham", distinguishing between the euro's weakness of 2010 and of 2011, and how US rate expectations are the main reasons EURUSD is well above last year's levels. Ashraf also covers the outlook for gold and silver in the face of central banks' policy manoeuvres, as well as the role of traders' sentiment in the latest turn in the Eurozone debt crisis. Ashraf's Premium Intermarket Insights are found here: ashraflaidi.com
The US Treasury Secretary confident Euro leaders can solve the debt crisis, Syria's President Bashar Al-Assad denies ordering troops to kill protesters, the Pakistani President is in a Dubai hospital, Rod Blagojevich sentenced to 14 years in Jail and Mark Zuckerberg's Facbook account gets hacked. Watch World News Australia 6.30pm nightly and 9.30pm Mon-Fri on SBS ONE.
Dubai: In the Burj Khalifa you have a stunning view of the area. Other building have the format of legostone and look like playing models. Burj Khalifa was opened on 4 January 2010. The tower is designed by Skidmore, Owings and Merrill, which also designed the Willis Tower (formerly the Sears Tower) in Chicago and the new One World Trade Center in New York City among numerous other famous high-rises. The building resembles the bundled tube form of the Willis Tower, but is not a bundle tube structure. Its design is reminiscent of Frank Lloyd Wright's vision for The Illinois, a mile high skyscraper designed for Chicago. According to Marshall Strabala, an SOM architect who worked on the building's design team, Burj Khalifa was designed based on the 73 floor Tower Palace Three, an all residential building in Seoul. Burj Khalifa (Arabic: برج خليفة ), known as Burj Dubai prior to its inauguration, is a skyscraper in Dubai, United Arab Emirates, and is currently the tallest structure in the world, at 829.84 m (2723 ft). Construction began on 21 September 2004, with the exterior of the structure completed on 1 October 2009. The building officially opened on 4 January 2010, and is part of the new 2 km2 (490-acre) flagship development called Downtown Dubai at the 'First Interchange' along Sheikh Zayed Road, near Dubai's main business district. The tower's architecture and engineering were performed by Skidmore, Owings and Merrill of Chicago, with Adrian Smith as chief architect ...
Tuesday, 15 November 2011, Zeena Zalamea, Dubai The Kuwaiti plane leasing firm has ordered 50 A320 neos and 30 options, valued at a total of $4.6 billion. english.alrroya.com
Monday, 14 November 2011, Zeena Zalamea, Dubai Airbus says funding for aircraft can be obtained in a number of ways, cushioning it from the debt crisis for now. However uncertainty still looms over the industry. english.alrroya.com
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