Emirates

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Latest blogosphere posts tagged “Emirates”

  • Dubai officially announces ‘we’re bankrupt y’all’


    propaganda press! freedom nowAuthority Authority: 136
    surprise surprise NYT : Of the many economies that gorged on debt in the boom years, Dubai stood out. In the space of a few years the emirate’s investment arm, Dubai World, racked up $59 billion in debt, borrowing to build lavish developments like a giant island shaped like a palm tree to entice celebrities ...
    3 hours ago
  • Government urged to announce package for Gulf returnees


    Thaindian NewsAuthority Authority: 725
    Thiruvananthapuram, Nov 28 (IANS) Kerala Saturday said the Dubai debt crisis will hit its economy as many Keralites are working there, and urged the central government to announce a package for those who lose jobs and return home due to the crisis.“It will hit Kerala and hence the centre should come forward by ...
    4 hours ago
  • British police fear many Pak extremists posing as students may have entered the UK


    Thaindian NewsAuthority Authority: 725
    London, Nov 28 (ANI): Britain’s counter-terrorism police believe that dozens of extremists could have arrived in the country here by posing as students or legitimate visitors, after13, 000 visa applicants have entered the country from Pakistan in a seven month period since October last year without any checks on ...
    8 hours ago
  • Hidden Threat From al-Qaeda Sleeper Cells – UK


    Homeland Security NewsAuthority Authority: 527
    Security services fear Al-Qaeda terrorists are exploiting loose visa and immigration rules to enter Britain.Counter-terrorism police and Whitehall officials believe dozens of extremists could have arrived here by posing as students or legitimate visitors. They are concerned both by the relatively lax checks that are ...
    8 hours ago
  • Dubais lesson


    Cold Fusion GuyAuthority Authority: 140
    Dubai Debt Woes Raise Fear of Wider Problem Excerpt: In a worst-case contagion, Bank of America analysts wrote Friday, “One cannot rule out — as a tail-risk — a case where this would escalate into a major sovereign default problem, which would then resonate across global emerging markets in the same way ...
    11 hours ago
  • Dubai Debt Woes Raise Fear of Wider Problem


    NYT > Global HomeAuthority Authority: 153
    The Emirates Towers in Dubai, which has accumulated $59 billion in debt.
    12 hours ago
  • Scenarios are so important - Dubai World debt crisis


    The Phoenix PrincipleAuthority Authority: 414
    So while most Americans are taking the traditional 4 day Thanksgiving holiday another debt crisis has emerged.   Easy enough for most Americans to miss the news, if only because they are vacationing or shopping.  But this debt crisis involves a company in a foreign land, so most Americans will say "Why should I ...
    13 hours ago
  • Scenarios are so important - Dubai World debt crisis


    The Phoenix PrincipleAuthority Authority: 414
    So while most Americans are taking the traditional 4 day Thanksgiving holiday another debt crisis has emerged.   Easy enough for most Americans to miss the news, if only because they are vacationing or shopping.  But this debt crisis involves a company in a foreign land, so most Americans will say "Why should I ...
    13 hours ago
  • Dubai: Who says the bubbles burst?


    The Guardian - guardian.co.ukAuthority Authority: 987
    It will take more than bad debt to stop the partying in Dubai, as Collette Lyons found out when she took a job on a magazine in the hedonists paradise This morning, the expats in Dubai have woken up on the last day of their Eid long weekend a little poorer, but probably not in the way you think. Chances are drinks at ...
    14 hours ago
  • India May Hold the Whip Hand in Dubai Power Game


    Truthdig: Drilling Beneath the HeadlinesAuthority Authority: 711
    By Robert Fisk There are two basic truths about Dubai which, predictably, have not found their way into market speculation or newspaper analysis. The first is that Dubai may soon find itself a satellite not of its Abu Dhabi capital but of India. READ THE WHOLE ITEM Related Entries November 27, 2009 ...
    15 hours ago
  • Global Markets Hit by Dubai’s Debt Crisis


    Truthdig: Drilling Beneath the HeadlinesAuthority Authority: 711
    Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal.  —KA ...
    16 hours ago
  • Moodys: No immediate ratings changes on UAE banks


    Business Finance & Economy - business.marc8.comAuthority Authority: 166
    Moodys Investor Service said Friday that ratings on banks in the United Arab Emirates were already on review, and that no immediate downgrades are expected in light of Dubais debt crisis.
    16 hours ago
  • Why we must consider Dubais careful planning a work of pure genius


    Family: News and advice on family matters children and parentsAuthority Authority: 970
    Lets be generous here. Maybe Dubai was just trying to set another record.
    17 hours ago
  • British banks quizzed over exposure to Dubai crisis


    The Guardian - guardian.co.ukAuthority Authority: 987
    Large losses feared at HSBC and RBS as City watchdog seeks urgent assurances City regulators are urgently seeking assurances that Britains major banks are protected from the deepening debt crisis in Dubai amid fears that a possible default by the regions major property developer will cause another major jolt to the ...
    18 hours ago
  • Sports stars feel the squeeze as Dubai runs short of cash


    The Guardian - guardian.co.ukAuthority Authority: 987
    Property given at knockdown prices in return for endorsement As Michael Owen swooped over Dubai in a helicopter to promote property in the region, he may have seen Steven Gerrard Tower and the half-built Boris Becker Business Tower below. He may have just made out the luxury villa that David Beckham still owns on the ...
    19 hours ago
  • Sober ruler of Dubai whose vision is crumbling in the face of the storm


    The Guardian - guardian.co.ukAuthority Authority: 987
    Earlier this month Dubais ruler, Sheikh Mohammed bin Rashid al-Maktoum, was insisting the emirate was on the road to recovery. "I am confident that the worst has passed ... Dubai today is well-placed," said the man who had almost single-handedly shaped the emirate , transforming vast tracts of desert into oases of ...
    19 hours ago
  • What price an Abu Dhabi bailout?


    Telegraph.co.uk Finance BlogAuthority Authority: 669
    Speculation is growing of an imminent bailout of Dubai by its richer neighbouring emirate, Abu Dhabi. Sources close to Dubai World are confident a deal will be reached shortly. But what pound of flesh will Abu Dhabi demand in return? This being the Gulf, usury is not permitted.The chat in Dubai is that the famous [...]
    20 hours ago
  • What Dubai Means for the U.S.?


    The New Republic - the stash FeedAuthority Authority: 139
    Traders are  racing to figure out what the default by Dubai World Group on $60 billion of debt means for their portfolios and the global economy. Dubai World is a conglomerate with large holdings of commercial real estate and ports across the globe, among other assets. The government of Dubai, one of seven states ...
    21 hours ago
  • Dubai World & Bear Stearns: Coal Mine Canaries?


    The Reformed BrokerAuthority Authority: 637
    Click Image to Embiggen! http://thereformedbroker.com The meme going around now is that the Dubai debt thing is only the start of a wave of sovereign defaults, including Latvia and Greece, coming soon. While this could be the case, I actually see a lot more of similarities between what the Bear Stearns blow ...
    22 hours ago
  • Dubai: a city built on sand | Simon Jenkins


    Comment is free | guardian.co.ukAuthority Authority: 163
    Before the desert sands close over its luxury follies, lessons should be learned – number one, dont believe the hype Was anywhere heading for a fall so obviously as Dubai ? Yet why did no one ever scream? Why did everyone just marvel? When I first visited the place three years ago, it was already the most ...
    23 hours ago

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