ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 19:42 UAE time

YOUR DIRECTORY /

First Gulf Bank has at least $1.4bn Dubai exposure

First Gulf Bank has at least $1.4bn Dubai exposure

Banking & Finance
'We have an exposure to Nakheel's bonds', an FGB executive tells Reuters.

Need to assess Dubai before reacting – India cenbank
Banking & Finance
Indian stocks tumble on Friday, the rupee weakens and bond yields fall.

ADCB may be owed $1.9bn by Dubai World - report
Banking & Finance
Third-largest lender in UAE refuses to comment on specifics of its talks with DW.

Deal sought on Dubai World, Nakheel debts
Banking & Finance
UPDATE 3: Cost of insuring Dubai's debt against default soars, DP World not included in restructuring.

more »MIDDLE EAST BANKING & FINANCE 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  

Four ways to pull an economy out of recession
The US is starting to expand. Even Ireland, one of the countries worst hit by the credit crunch, isn't contracting anymore.

 Matthew Lynn

more » BUSINESS INTERVIEWS

The art of success

ARTOC chairman Shafik Gabr, one of the ME’s revered business leaders, explains why next year could be even tougher than the last.

It ain't over yet

Dr Eckart Woertz, one of the Gulf’s most influential economists, is predicting a ‘nasty surprise’ in 2010.


more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. First Gulf Bank has at least $1.4bn Dubai exposure

Construction & Industry

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

Culture & Society

  1. Random checks for bus travellers to Abu Dhabi

Education

  1. Mubadala completes $1bn financing for uni project

Energy

  1. Nuke power is good investment op for GCC - LSE

Healthcare

  1. Daman gets tough on healthcare fraudsters

Islamic Finance

  1. Islamic banks should target female market - report

Media & Marketing

  1. Qatar's first feature film to release in May 2010

Personal Finance

  1. Credit bureaus combine to form regional group

Politics & Economics

  1. Norway says Iran confiscated Ebadi's Nobel

Real Estate

  1. Dubai eyes new law to protect property investors - paper

Retail

  1. Jeweller closures ‘inevitable’ as gold demand slumps

Sport

  1. Alinghi again makes case for RAK as race venue

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 BANKING & FINANCE EVENTS

UPCOMING EVENTS

  1. Estimating, Budgeting, Cost Control & Value Engineering
    16 November 2009 | Dubai, United Arab Emirates
  2. The A2Z of Financial Management
    13 December 2009 | Dubai, United Arab Emirates
  3. Business & Financial Modelling Using Excel®
    20 December 2009 | Dubai, United Arab Emirates
See all events »

MORE BANKING & FINANCE STORIES

  1. Cost of insuring Dubai's debt rises further
  2. Arab youth SMEs turn to family finance
  3. Dubai raises further $5bn in bond sale
  4. Aabar enters into $1.625bn loan agreement
  5. UAE banks need to improve customer service - poll
All Banking & Finance 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. Development and Training Section Head
    Industry: Other
    Location: Muscat, Oman
  2. Radio Presales Expert
    Industry: Facilities Management
    Location: Dubai, UAE
  3. PROJECT COORDINATOR SYSTEM SECURITY (LADY)
    Industry: Security & Safety
    Location: Abu Dhabi, UAE
  4. Regional Sales Manager - Diabetes Care
    Industry: Other
    Location: Riyadh, Saudi Arabia
  5. Senior QA/QC Engineer
    Industry: Oil & Gas
    Location: Abu Dhabi, UAE
Browse all jobs »

READER COMMENTS

Reader Comments (24 hrs)

  1. Deal sought on Dubai World, Nakheel debts 11
    27 Nov ' 09 at 14:51
    Sultan,the news in the last couple of days has shocked the world all the more because we have just been hearing the "good news" for...   More  »
  2. Off the peg 1
    27 Nov ' 09 at 17:12
    If UAE dirham was depegged now or any time in the near future - it would be sold short and cause chaos in the local market.Stick to...   More  »
  3. Where have all the optimists gone? 1
    27 Nov ' 09 at 02:37
    Left Dubai some years ago after making lots of money on property and business in general and having a fantastic time in Dubai,...   More  »

Read all user comments >

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