debt
The stoppage of work by Arabtec on Nakheel projects indicate that the Dubai problems in general are far from over and that chances of a quick recovery are remote....
The government presented its plan to tackle the budget deficit and soaring government debt at the beginning of February....
Romania can expect the long-awaited third and fourth installments of its stand-by loan from the IMF after the Fund gave Romania’s economy a favorable review last month....
Montenegro’s loan negotiations with the International Monetary Fund hang in the balance after the IMF pinpointed several shortcomings in Montenegrin finances....
The call by British Business Secretary Lord Mandelson calling on Dubai to resolve its debt problem puts further pressure on Dubai to put its act together....
Dubai Holding has severed its ties with Standard and Poor after the rating agency downgraded Dubai Holding....
Union Properties announcement that it plans to sell some of its assets to pay for its debt is a severe blow to the position to what was considered one of the emirate’s bestrun large developers....
While the decision to establish diplomatic relations with Kosovo has heightened tensions with Serbia in the short term, the move scored political points in both Washington and Brussels....
Poland’s economy has pleased investors and other stakeholders with a stream of positive data over the last few weeks....
The Kuwaiti parliament has passed a law effectively cancelling interest repayment on and rescheduling of debt by Kuwaiti citizens. The government has expressed strong opposition against the law....
Yemen’s economy is heading towards very difficult times as the 2010 draft budget is approved....
Dubai’s Union Properties new Chairman announces that the company does not need government assistance. However, over 1,000 construction workers have held a rare demonstration due to unpaid salaries....
Apart from minor conflicts GERB remains stable, while opposition parties continue to feud among themselves....
Abu Dhabi has decided to give Dubai a life-line by lending Dubai US $ 10 billion. This is a temporary solution, without which both Dubai and the UAE in general would have suffered greatly....
The reaction of Dubai government sources after the announcement of the Dubai World debt standstill has only contributed to further shaking the confidence in the way the emirate’s economy is run....
The calling-off of the merger talks between Emaar and Dubai Holding is seen as a necessary move to limit the damage of the debt standstill....
At the Economist Conferences' Eighth Business Roundtable with the Government of Bulgaria, PM Borisov declared his government would make every effort to adopt the euro before its term expires in 2014....