Dubai Crisis

RECENT NEWS
Financial Times  May 2  Comment 
Lenders fear the emirate company that triggered Dubai’s debt crisis may miss payments due in two years if it does not hasten sales of assets
Financial Times  Apr 9  Comment 
Oil-rich region’s formerly lagging debt markets have rebounded strongly from the Dubai debt crisis and turmoil of the Arab spring
The Australian  Nov 25  Comment 
A YEAR after Dubai's debt crisis first roiled global financial markets, glimmers of confidence are returning to the city-state.
BBC News  Nov 25  Comment 
One year on from Dubai's debt crisis
MarketWatch  Nov 23  Comment 
It was one year ago this week that a debt crisis in Dubai erupted on the world financial scene, to be followed in a few short weeks and months by similar crises in Greece and other European countries. The stock market is nevertheless nearly a...
Reuters  Mar 19  Comment 
Dubai's "build and they will come" model is in a state of flux, rather than broken, as the emirate suffers growing pains in its evolution from emerging economy to global business hub, one of its key developers said.
EX-SKF  Jan 10  Comment 
Investors in Zhejian Province, a region in China known for the sharp business acumen, are eyeing Burj Dubai, the tallest building on earth, to double down their bets. According to Yomiuri Shinbun (in Japanese) on 1/10/2010:"According to Zhejian...
guardian.co.uk  Dec 31  Comment 
From dotcoms to the Dubai debt crisis: the biggest business stories of the last 10 years Alastair Dant




 
TOP CONTRIBUTORS

On 24 November 2009, Dubai rattled world financial markets by announcing that they were seeking to delay payments on $59 billion in debt.[1] The severity caused the Dow Jones industrial average to drop by 155 points.[2] Dubai has been borrowing heavily and spending lavishly on infrastructure to draw wealthy tourists and investors from around the globe in the past decade with its Las Vegas-in-the-Middle East appeal.[3]

References

  1. "Abu Dhabi’s Silence Raises the Heat on Dubai " Article from The New York Times
  2. "Stocks slumped on news that Dubai's government-backed investment firm risked a $60 billion default." Article from Startribune.com
  3. "Dubai—A Lesson In Why Transparency Matters " Article from Wall Street Journal
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