Dubai  01/03/10

Nakheel may defer repayment of sukuks maturing in May

Nakheel has indicated that it may not pay back the Islamic bonds – sukuks, which mature in May 2010. A default by Nakheel could trigger an array of downgrades of Dubai government-related entities....
Dubai  01/03/10

Arabtec suspends Nakheel work

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....
Poland  19/02/10

Polish Plan to Tackle Budget Deficit and State Debt Revealed

The government presented its plan to tackle the budget deficit and soaring government debt at the beginning of February....
Romania  19/02/10

IMF Review Positive for Romania

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  16/02/10

Montenegro trades barbs with IMF in loan negotiations

Montenegro’s loan negotiations with the International Monetary Fund hang in the balance after the IMF pinpointed several shortcomings in Montenegrin finances....
Dubai  15/02/10

British Business Secretary Calls Dubai to Solve its Problems

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  02/02/10

Dubai Holding drops Standard and Poor in response to downgrade

Dubai Holding has severed its ties with Standard and Poor after the rating agency downgraded Dubai Holding....
Dubai  02/02/10

UP plans to sell some of its assets as its struggles to find liquidity

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....
Kosovo  28/01/10

US Trip of Montenegrin PM is Seen as a Success

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  21/01/10

Positive economic developments, but mounting question marks

Poland’s economy has pleased investors and other stakeholders with a stream of positive data over the last few weeks....
Kuwait  18/01/10

Parliament passes law to “forgive citizens debt”

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  04/01/10

Yemeni parliament approves 2010 budget

Yemen’s economy is heading towards very difficult times as the 2010 draft budget is approved....
Dubai  04/01/10

Dubai’s UP open to receiving government help as construction workers strike

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....
Bulgaria  21/12/09

Bulgarian Opposition Still No Threat to the Government

Apart from minor conflicts GERB remains stable, while opposition parties continue to feud among themselves....
Dubai  16/12/09

Abu Dhabi lends Dubai in last minute manoeuvre

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....
Dubai  16/12/09

Dubai Government says it will not guarantee debts of Dubai World

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....
Dubai  16/12/09

Emaar and Dubai Holding call-off merger plans

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....
Bulgaria  14/12/09

Bulgarian Government Sets Eurozone Entry as Top Priority

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....

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