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1 - 15 of 139 articles   next

Dubai firm cancels order for 35 Boeing 737s

Global financial crisis weighs on Dubai plane orders.
15 Jul 2011 5:38 AM

Dubai Bank taken over by govt

Struggling lender to have capital injected.
16 May 2011 9:02 PM

Leighton's Dubai unit could seek cash from parent

Payment delays beginning to bite.
18 Apr 2011 6:31 AM

Borse Dubai not asked to trim LSE stake: source

Dubai exchange 20 per cent debt comes into focus.
16 Feb 2011 2:40 AM

Dubai World reaches $US24.9bn debt deal

State-owned conglomerate formalises agreement with most creditors.
11 Sep 2010 2:38 AM

Dubai World in formal debt deal with creditors

Firm well-positioned to close restructuring in weeks.
10 Sep 2010 8:31 PM

Dubai World sale of prized assets seen as last option

International assets not seen covering debt burden.
27 Aug 2010 2:36 AM

Dubai World prized assets on sale to cut debt

Embattled firm to appoint new managing director, CFO.
26 Aug 2010 2:07 AM

Dubai World ready to use tribunal for debt deal

Struggling state firm takes measures to force rebel lenders into line.
23 Jul 2010 2:32 AM

Dubai World creditors await key meeting: source

Creditors prepare to present final terms of debt restructure plan.
25 Jun 2010 3:42 AM

Sunland Group facing Dubai damages case: report

Nakheel mulling case on 2007 waterfront property deal.
18 Jun 2010 11:15 AM

Dubai Holding unit posts $7bn loss in new hit

DHCPG says in talks to roll over debt with banks, asset sales possible.
1 Jun 2010 10:48 PM

Dubai dealt new blow with DIC debt delay

Troubles mount for second Dubai flagship conglomerate.
28 May 2010 1:20 AM

Banks vulnerable but profits, pay at pre-crisis levels: OECD

Report says Greece, Dubai concerns contributing to sectoral vulnerability.
26 May 2010 7:32 PM

Australia expels Israeli diplomat

Stephen Smith says inquiry showed intelligence services involved in Dubai killing.
24 May 2010 7:43 PM

1 - 15 of 139 articles   next

Dubai Economy RSS updates | Share >>
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Dubai economic news, analysis and updates

Dubai's economy has shifted from oil to property, finance, retail and tourism.

Around 2002 the Dubai government began allowing overseas investors to own freehold residential titles in nominated areas, which lead to the massive property and construction boom.

Dubai borrowed about $80 Billion during this time. Then during the 2009 Global Financial Crisis, the property bubble burst and banks stopped lending sending the Dubai economy into free-fall.

Impacting on the United Arab Emirates (UAE) economy, Dubai borrowed from Abu Dhabi and began debt structuring of the government owned Dubai World that had liabilities of $59 Billion.

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