Search Results for 'Dubai'

Dubai takes over troubled Dubai Bank

Dubai’s government took control of troubled Islamic lender Dubai Bank on Monday to stave off a potential collapse that would undermine the emirate’s banking sector. Dubai, which is struggling to emerge from a debt crisis, s [...]

Posted On : May, 17 2011 | Comments : 0

Dubai to meet local banks, propose no haircut - MEED

Debt-laden Dubai World, which will meet with the two local banks on its creditor committee this week, will propose that creditors get their principal investment back, magazine MEED said. The magazine, which did not name sources, said [...]

Posted On : Mar, 10 2010 | Comments : 0

Dubai firms highlight strength amid debt questions

Dubai business leaders voiced support Thursday for some of the emirate's stronger state-linked companies, as the finance chief dismissed media coverage of the sheikdom's debt woes as "blind panic" and the city-state's main stock m [...]

Posted On : Dec, 14 2009 | Comments : 0

DUBAI AIRSHOW DONATES EXHIBITION SPACE TO UNS WORLD FOOD PRO...

Organisers of Dubai Airshow 2009 - the Middle East’s foremost aerospace event and the third largest in the world - have re-affirmed their commitment to the United Nation’s humanitarian relief World Food Programme (UNWFP) by more [...]

Posted On : Feb, 12 2009 | Comments : 0

Dubai house prices 'fall by 16%'

Dubai house prices fell 16 per cent in the second quarter of this year, after rising sharply at the beginning of the year, and are expected to remain flat for at least the next 12 months, according to a new report by a leading international [...]