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Friday, 27 November 2009
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European bank shares plunge on Dubai debt concerns

European bank shares plunge on Dubai debt concerns

Financial Markets
The DJ Stoxx European bank index falls 5%, steepest drop since May amid exposure fears.

  1. Moody's cuts Dubai GRI ratings amid debt delay
  2. Deal sought on Dubai World, Nakheel debts

Job losses seen slowing in UAE - StanChart
Politics & Economics
Senior research exec says UAE has seen worst of impact of global crisis on jobs.

Saudi floods kill at least 77 as hajj begins
Culture & Society
UPDATE 2: Another 900 rescued from rising waters caused by heaviest rain in years.

Etisalat set to launch Catch Up TV in Dec
Technology
e-Vision CEO says new service will initially cover five channels, to be extended to 50 in 2010.

more »MIDDLE EAST BUSINESS COMMENT

Off the peg
Prior to the Lehman collapse, everyone was talking about the dollar peg; now it's back in fashion, says Damian Reilly.

 Damian Reilly  

Why I h8 junk txts
Joanne Bladd explains why she's taking a stand against telco companies.

 Joanne Bladd

more » BUSINESS INTERVIEWS

Power play

Nicholas Carter, head of Abu Dhabi‘s Regulation & Supervision Bureau, talks costs, competition and climate change.

Battered, but still fabulous

Harvey Nichols CEO Joseph Wan explains to Arabian Business how an economic "earthquake" forever changed the retail game.


more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Deal sought on Dubai World, Nakheel debts

Construction & Industry

  1. Dubai firm allays fears over future of $316m Indian IT city

Culture & Society

  1. Saudi floods kill at least 77 as hajj begins

Education

  1. Mubadala completes $1bn financing for uni project

Energy

  1. Ducab starts work on new $136m factory

Healthcare

  1. Daman gets tough on healthcare fraudsters

Islamic Finance

  1. Qatar Islamic Bank reports $51.44m Q3 profits

Media & Marketing

  1. Etisalat set to launch Catch Up TV in Dec

Personal Finance

  1. Credit bureaus combine to form regional group

Politics & Economics

  1. European bank shares plunge on Dubai debt concerns

Real Estate

  1. UAE real estate market has now hit bottom - analysts

Retail

  1. Jeweller closures ‘inevitable’ as gold demand slumps

Sport

  1. Big names prompt ticket rush for Abu Dhabi event

Technology

  1. Etisalat set to launch Catch Up TV in Dec

Transportation

  1. Abu Dhabi transport chiefs give Eid gift to motorists

Travel & Hospitality

  1. Emirates 'forced' to raise fares on some German routes

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more » BUSINESS FEATURES

Morocco's red tape turns Gulf investors away

Morocco still remains a marginal market for investors due to poor infrastructure, poor legal framework & excessive red tape.

Switching it up

Saudi is almost certain to adopt the DME's Oman Crude Oil Futures Contract as its benchmark. The main question is when, not if.


more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Advanced Operational Auditing & Management Effectiveness Analysis
    1 November 2009 | Dubai, United Arab Emirates
  2. Higher Corporate Contract & Project Legal Management Skills
    1 November 2009 | Dubai, United Arab Emirates
  3. Managing The CAD Department
    1 November 2009 | Dubai, United Arab Emirates
See all events »

MORE TOP MIDDLE EAST BUSINESS STORIES

  1. Abu Dhabi transport chiefs give Eid gift to motorists
  2. Emirates 'forced' to raise fares on some German routes
  3. Daman gets tough on healthcare fraudsters
  4. NASDAQ Dubai chairman resigns
  5. Kuwait firms coping amid global crisis - Ernst & Young
All Middle East business news stories »

SPOT POLL

Have you cut back your spending on groceries amid the downturn?

Actually, I’ve reduced my spending on everything… food, clothes, going out – the lot.
I’ve swapped to non-brand food items, and always look for special offers, but that’s it.
No, I’m spending the same.
No way, it's champers and caviar for dinner every night!
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Legal Contracts Manager
    Industry: Construction
    Location: Dubai, UAE
  2. Lighting Specification Project Coordinator
    Industry: Other
    Location: Dubai, UAE
  3. Office Manager
    Industry: Other
    Location: Abu Dhabi, UAE
  4. Sales Executive
    Industry: Sales
    Location: Dubai, UAE
  5. Regional Sales Manager - Diabetes Care
    Industry: Other
    Location: Riyadh, Saudi Arabia
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READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 19
    26 Nov ' 09 at 20:13
    Red Devil/Sandjocky, I have also had several posts blocked over the past couple of days, posts that speak of the facts only as they...   More  »
  2. UAE real estate market has now hit bottom - analysts 05
    26 Nov ' 09 at 21:36
    Comn' AB is a yo-yo when it comes to news.People forecasting good and then bad. Good and bad and then some more "experts" saying...   More  »
  3. Moody's cuts Dubai GRI ratings amid debt delay 02
    26 Nov ' 09 at 19:51
    Dubai World better change its slogan & reposition itself - Dubai LTD.   More  »

Read all user comments >

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