ArabianBusiness.com - Middle East Business News
Tuesday, 22 December 2009
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Dubai World to present standstill deal in Jan - bankers

Dubai World to present standstill deal in Jan - bankers

Banking & Finance
Sources in creditors' meeting say Dubai World needs time to recover from credit crunch.

  1. IN PICS: Dubai loans, bonds maturing till 2011
  2. Dubai may receive more financial aid in 2010

DFM makes $121m offer for Nasdaq Dubai
Financial Markets
The offer comprises $102m in cash and 40 million in DFM shares - statement on bourse.

Saudi sets $144bn budget for 2010
Politics & Economics
This year's budget is 14% bigger than 2009's and is the largest budget in the kingdom's history.

More people using Dubai Metro each month
Transportation
RTA figures show nearly six million passengers have travelled on Red Line since it opened.

more »MIDDLE EAST BUSINESS COMMENT

Rich today, rich tomorrow?
World's 50 richest Arab business people are worth $207bn, which is an incredible figure, says Damian Reilly.

 Damian Reilly  

Real estate rising again
Falling interest rates and increasing confidence helping to lift sales in Kuwait, says Oliver Cornock.

 Oliver Cornock

more » BUSINESS INTERVIEWS

Panic over

Dubai World's debt woes? Much ado about nothing, Sheikh Maktoum Hasher Maktoum Al Maktoum says.

Riding the recession

Ziad Makhzoumi, Arabtec CFO, explains why it's business as usual for the UAE's largest construction firm.


more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Dubai World to present standstill deal in Jan - bankers

Construction & Industry

  1. SEC gets 5 bids for Riyadh power plant

Culture & Society

  1. Over 6,000 stopped for offences on Dubai beaches

Education

  1. Saudi raises investment by 16 percent

Energy

  1. SEC gets 5 bids for Riyadh power plant

Healthcare

  1. Fonterra ME investment doubles since 2006

Islamic Finance

  1. Dubai World poised to press for loan extensions

Media & Marketing

  1. Saudi mobile subscribers increase to 41m

Personal Finance

  1. Saudi raises investment by 16 percent

Politics & Economics

  1. Saudi sets $144bn budget for 2010

Real Estate

  1. Dubai Properties launched final phase of Mirdif project

Retail

  1. ENOC to spend AED50m on service stations

Sport

  1. Mark Hughes sacked from Man City post

Technology

  1. Skypark to revolutionise airport parking

Transportation

  1. More people using Dubai Metro each month

Travel & Hospitality

  1. Abu Dhabi to increase overseas promotion

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more » BUSINESS FEATURES

No pain, no gain

Dr Henry Azzam, CEO Deutsche Bank Middle East, on why its time to share responsibility for the global recession.

Changing times

Abdul Majeed Ismail Al Fahim on why Dubai's restructuring plans won't slow down his real estate dreams.


more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Advanced Maintenance Management
    20 December 2009 | Dubai, United Arab Emirates
  2. Advanced Office Management & Effective Administration Skills
    20 December 2009 | Muscat, Oman
  3. Business & Financial Modelling Using Excel®
    20 December 2009 | Dubai, United Arab Emirates
See all events »

MORE TOP MIDDLE EAST BUSINESS STORIES

  1. Abu Dhabi to increase overseas promotion
  2. Kuwait to launch $62bn new projects in 2010
  3. Saudi raises investment by 16 percent
  4. Mideast crude tanker rates firmer, demand buoyant
  5. SEC gets 5 bids for Riyadh power plant
All Middle East business news stories »

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READER COMMENTS

  1. Emiratis employed by federal gov't to get 70% pay rise 11
    21 Dec ' 09 at 15:13
    The announcement makes it clear that this applies to Federal employees i.e those working in Ministries, the army, federally-run...   More  »
  2. Dubai drivers warned over tailgating 06
    21 Dec ' 09 at 14:29
    I suggest instead of imposing monetary fines of traffic offenders it would be better if they are referred to a psychiatrist for 15...   More  »
  3. Dubai planning pedways to promote walking 04
    21 Dec ' 09 at 13:05
    It is very pleasing to read interesting comments on the above topic.Perhaps these comments should be made available to the RTA...   More  »

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