Dubai
Dubai World, owned by the Dubai government will ask creditors for a “standstill” and an extension of maturities for all debt to “at least 30 May 2010” according to an official statement....
Dubai-government owned developer Nakheel has indirectly acknowledged that it does not plan to continue building its flagship man-made island project the Jebel Ali Palm....
The arrest of the CEO of a major Dubai government-owned developer in a major fraud case will result in shaking the confidence in the governance situation at Dubai’s major developers....
Results from leading Dubai developer shows some positive results in the short-term. However, there are no clear long-term plans putting the survivability of Emaar and similar developers into question....
Dubai has issued US $6.5 bn of bonds. This demonstrates that Abu Dhabi is still not helping bail Dubai out and that Dubai is now looking at external markets to refinance its mounting debts....
Bahrain announced plans to expand it’s airport to keep with growing competition from airports. This will aid the country’s efforts to diversify its economy in the face of dwindling oil revenue....
The chart shows absolute ranking of the selected countries in the World Bank Doing Business 2010 Report. Most SEE countries have improved their position since the last report. Despite this, they are i...
Dubai’s Nakheel and Emaar have both said they will participate in Cityscape Dubai, after initially saying they will not participate....
Protests by construction workers in Dubai employed by major contractor Al Habtoor Leighton is an unusual show of protest about underlying the troubles facing major Dubai construction companies....
The opening of Dubai Metro is expected to gradually provide a long-term solution to the traffic problems as well as help boost the image of Dubai at a time when it is badly needed....
Dubai government-owned companies have embarked on major reforms and restructuring, as well as panic selling of assets....
The UAE has scrapped the requirements for new companies to have a minimum capital of Dh 150,000. This will contribute to encouraging new businesses and entrepreneurs to set-up in the UAE....
Two high-profile court cases in the Dubai courts are likely to further erode the credibility of the Dubai real-estate market. ...
The population of the emirate of Dubai is expected to drop by between 14 % and 28 % by the end of 2009....
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