ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 07:39 UAE time

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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.



Thursday, 26 November 2009

Moody's cuts Dubai GRI ratings amid debt delay

Politics & Economics
UPDATE 2: S&P puts Dubai banks on negative watch after gov't debts move.

Moody's cuts Dubai GRI ratings amid debt delay

Job losses seen slowing in UAE - StanChart

Politics & Economics
Senior research exec says UAE has seen worst of impact of global crisis on jobs.

Job losses seen slowing in UAE - StanChart

Abu Dhabi transport chiefs give Eid gift to motorists

Transportation
In celebration of Eid Al Ahda and National Day, all parking fees will be waived in UAE capital.

Abu Dhabi transport chiefs give Eid gift to motorists

Cost of insuring Dubai's debt rises further

Banking & Finance
Credit default swaps jump on Thursday after gov't seeks standstill deal on debts.

Cost of insuring Dubai's debt rises further

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.

Etisalat set to launch Catch Up TV in Dec

Emirates 'forced' to raise fares on some German routes

Travel & Hospitality
Dubai airline agrees to demand from German gov't 'under protest' amid threat of fines.

Emirates 'forced' to raise fares on some German routes

Kuwait firms coping amid global crisis - Ernst & Young

Politics & Economics
New report says downturn has posed key challenges but firms are responding.

Kuwait firms coping amid global crisis - Ernst & Young

Jumeirah signs deal for luxury hotel in Panama

Travel & Hospitality
Dubai hospitality giant to manage 400-room property, part of major new project.

Jumeirah signs deal for luxury hotel in Panama

Daman gets tough on healthcare fraudsters

Healthcare
Insurer plans to double size of investigating team after recovering $1.6m in false claims.

Daman gets tough on healthcare fraudsters

NASDAQ Dubai chairman resigns

Financial Markets
Soul Ba'alawy also steps down from NASDAQ OMX Group board to focus on leading Dubai Group.

NASDAQ Dubai chairman resigns

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.

Saudi floods kill at least 77 as hajj begins

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

Construction & Industry
TECOM unit still committed to building mega project amid Kerala gov't concerns.

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

Wednesday, 25 November 2009

Mubadala completes $1bn financing for uni project

Education
Abu Dhabi's investment arm says deal done for Zayed University campus.

Mubadala completes $1bn financing for uni project

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.

Deal sought on Dubai World, Nakheel debts

Arab youth SMEs turn to family finance

Banking & Finance
Lack of venture capital is hindering young Arab entrepreneurs - chairman of Young Arab Leaders.

Arab youth SMEs turn to family finance

Dubai raises further $5bn in bond sale

Politics & Economics
UPDATE 3: Amount raised will meet emirate's current needs and obligations - Dep't of Finance statement.

Dubai raises further $5bn in bond sale

Shipping slump stops Bahrain's new port signing main liner

Transportation
The $344.9m port has only done ad-hoc business due to fall in shipping traffic - CEO.

Shipping slump stops Bahrain's new port signing main liner

UAE real estate market has now hit bottom - analysts

Real Estate
Economic experts paint positive picture for property sector at panel discussion in Dubai.

UAE real estate market has now hit bottom - analysts

Saudi, Dubai flights hit by toilet malfunction

Travel & Hospitality
Airbus, Cathay Pacific launch investigation after three flights hit in 11 days.

Saudi, Dubai flights hit by toilet malfunction

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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!
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READER COMMENTS

Reader Comments (24 hrs)

  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 5
    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 2
    26 Nov ' 09 at 19:51
    Dubai World better change its slogan & reposition itself - Dubai LTD.   More  »

Read all user comments >

Gitex 2009

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