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4 Mar 2010, 4:33 am
Istithmar World, a unit of Dubai World, has handed over a prime New York residential building to Danske Bank after failing to pay its mortgage, a UAE daily reported on Thursday, the loss of its second property in Manhattan since December. [read post]
24 Feb 2010, 9:50 am
As I posted back in September, FHA’s loan losses will not ‘buffet’ the entity because it is a direct arm of the Federal government, and as such cannot go bankrupt independent of a Federal bankruptcy – and while sovereign bankruptcy is on the horizon for Dubai and Greece, we are not in that situation (thankfully) (yet). [read post]
23 Feb 2010, 8:31 am
Dubai World doesn’t need a media office, it needs to deal with its creditors. [read post]
22 Feb 2010, 1:17 pm
" Read the full article: http://www.cnn.com/2010/WORLD/meast/02/22/dubai.hamas.murder/index.html? [read post]
22 Feb 2010, 8:04 am
As with the world economy the main factor in the Dubai crisis stemmed from its real estate arm, Nakheel, which does not have the cash flow to meet payments due on bonds. [18] Nonetheless, other Dubai companies in various sectors such as port operations, the London Stock Exchange, hotels, airlines, and stakes in buildings around the world support that this city-state has the assets to sell along with potential cash flow in order rebound and grow in the future. [19]… [read post]
21 Feb 2010, 11:52 am
Dubai International Food Safety Conference is an annual meeting of food safety professionals from different parts of the world and is one of its kind in the region. [read post]
21 Feb 2010, 10:31 am
FT Alphaville described the problem in a post last year as follows: There are two major schools of thought on derivatives in the world of Islamic finance. [read post]
18 Feb 2010, 4:15 pm
Ostrovsky said although the operatives scattered to various parts of the world after the operation was completed, he believes they’re all back in Israel now. [read post]
17 Feb 2010, 2:14 pm
“I woke up this morning to a world of fun,” he told Reuters after Israeli newspapers published the names and photos of the suspects identified by Dubai authorities. [read post]
14 Feb 2010, 8:50 pm
Such awareness, after all, appears to be what quickly caused the loss of confidence in Greece’s ability to repay its debt after the Dubai World collapse. [read post]
12 Feb 2010, 4:15 am
However Valentine's Day is popular in some parts of the Arab world-- such as Egypt and Dubai. [read post]
11 Feb 2010, 3:06 pm
by Staff WritersNairobi (AFP) Feb 9, 2010 A Dubai-based businessman who has signed up to be a spacetourist said Tuesday he planned to fly the flags of Kenya, Tanzania and Uganda on his out-of-world journey in honour of his childhood in Africa.Real estate magnate Ashish Thakkar was in Nairobi to receive a Kenyan flag from Prime Minister Raila Odinga ahead of a space voyage expected next year. [read post]
2 Feb 2010, 7:48 am
We are moving to the cities, and our world will never be the same. [read post]
1 Feb 2010, 8:05 am
Dubai World has repudiated its debts and announced a monetary default. 2. [read post]
25 Jan 2010, 8:55 am
Good place to start if you’re ever looking for expert local counsel in anyplace from Dubai to Brazil . . . and all points in between. [read post]
19 Jan 2010, 7:26 am
There are three conceptual choices They're all nasty Commodities are the traditional hedge against economic downturns, but there's not enough gold in the world to soak up all the dollars and Euros the world has printed. [read post]
13 Jan 2010, 10:09 pm
For decades this city-state was known as one of the world's most driven economies. [read post]
8 Jan 2010, 6:07 am
As most of the world bets on China to help lift the global economy out of recession, Mr. [read post]
7 Jan 2010, 8:34 am
This thing of darkness I / Acknowledge mine To use a current-day conundrum, when does Dubai have to consolidate Dubai World, and when does Abu Dhabi have to consolidate Dubai? [read post]
5 Jan 2010, 6:38 pm
That point was perhaps reached roughly a month ago when Dubai had a default (it was corporate debt, but of a corporate entity where the government was a major holder). [read post]
