uae
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Monday: Watch Dubai and the international response closely.
InvestmentWatch —
Authority: 156
Dubai is one of the seven emirates of the UAE. It is a monarchy and has been ruled by the Al Maktoum family since 1833. The source of it’s wealth is primarily finance and banking. What little oil it has is almost depleted. Over the past decade Dubai’s spending has been profligate to the point of being obscene. The ...3 hours ago -
Can Dubais energy reserves pay off its $80 billion in debt?
DailyFinance —
Authority: 800
Filed under: Energy , Economy The Dubai debt default seems to have inspired a bit of fear in the U.S. But is there any real reason for it? U.S. banks have minimal exposure to Dubais debts -- most of the banks that would suffer if Dubai defaulted are located in the Middle East. Nevertheless, U.S. markets fell ...5 hours ago -
Dubai: an emerging market wake-up call
Family: News and advice on family matters children and parents —
Authority: 970
The reaction to this weeks events in Dubai says a lot more about investors nerves after one of the fastest market rallies since the 1930s than it does about the real significance of a largish property bond default in the Gulf.6 hours ago -
Dubai’s latest mega-project – a massive default?
GreenLightAdvisor Views —
Authority: 143
This post is a guest contribution by James Pressler* of The Northern Trust Company . Over the past few years, Dubai has built a reputation not just locally but worldwide. As the fastest growing of the seven emirates making up the United Arab Emirates, it has become known for its astonishing creations - the ...6 hours ago -
Dubai bailout may come from rich neighbor Abu Dhabi
DailyFinance —
Authority: 800
Filed under: Economy , Real Estate As banks and global analysts try to parse the Dubai debt problem by examining who owes what to whom, the most likely candidate to bailout the Arab emirate, its wealthy neighbor Abu Dhabi, has said it may help on a case-by-case basis. In an exclusive interview with Reuters, a ...7 hours ago -
Putting Lessons Within Teachers’ Reach
Literacy is Priceless —
Authority: 457
This was an exciting week for my company Bon Education and our parner Curriki in the Middle East, as interest continues to grow in our efforts to create an Arabic version of Curriki –i.e. an open source platform that would house open source Arabic language curricula and learning objects created by teachers and ...9 hours ago -
Dubai Is Finally Bankrupt
memoirs on a rainy day —
Authority: 144
After years of spouting nonsense about being a liberal haven, as well as a tax haven, financial megalopolis Dubai is bankrupt . The city built on slave labor is finally as bankrupt as its morals . Posted in asides, finance, news, politics-social-racism Tagged: asides, Dubai, finance, politics, social, UAE, world10 hours ago -
Dubai World woes don’t warrant panic: Mukherjee
Thaindian News —
Authority: 725
Chandigarh, Nov 28 (IANS) Finance Minister Pranab Mukherjee Saturday said there was no need to panic over the potential adverse impact on the country’s economy due to the multi-billion-dollar debt default risk faced by Dubai World, among the largest conglomerates in the region.“There is no need to press the panic ...14 hours ago -
Dubai World woes don’t warrant panic: Mukherjee
Thaindian News —
Authority: 725
Chandigarh, Nov 28 (IANS) Finance Minister Pranab Mukherjee Saturday said there was no need to panic over the potential adverse impact on the country’s economy due to the multi-billion-dollar debt default risk faced by Dubai World, among the largest conglomerates in the region.“There is no need to press the panic ...14 hours ago -
Dubai debt crisis harbinger for a global bond crisis?
ArabianMoney.Net —
Authority: 434
To say the debt moratorium declared by Dubai World last week rattled global markets is an understatement. The earth really moved but this is probably nothing compared to the later bond market earthquake that is going to follow these tremors.Markets will keenly await further news of Dubai’s ‘carefully planned ...19 hours ago -
Scenarios are so important - Dubai World debt crisis
The Phoenix Principle —
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 ...22 hours ago -
Scenarios are so important - Dubai World debt crisis
The Phoenix Principle —
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 ...22 hours ago -
University Of East Anlgia Investigates Its Own CRU
The Strata-Sphere —
Authority: 631
Well, this should be interesting, if possibly useless : But a spokesperson said information about the investigation into the hack at UEA’s Climatic Research Unit (CRU) would be made public very soon. Scientists will be scrutinising the choice of chair and the terms of reference. One senior climate scientist told ...1 day ago -
How Much Has Angelo Moskovs QVT Lost In Dubai; Another Year, Another DB Prop Casualty?
zero hedge —
Authority: 761
Is another Deutsche Bank (ex) prop group about to blow up on Dubai World? First, of course, we had Boaz Weinstein who lost so much money on the basis trade implosion last year, the DB accountants are still unsure how to quantify the P (not so much) & L , and now QVT Financial, originally also a prop trading ...1 day ago -
Brabus B63 S tuning for Mercedes-Benz E63 AMG
Drive Arabia : Dubai / Abu Dhabi [UAE, Saudi, Bahrain, Qatar, Kuwait, Oman & GCC] —
Authority: 130
German tuners Brabus is now offering a tuning package for the 2010 Mercedes-Benz E 63 AMG, complete with a pumped-up engine and a robotic body kit. With Brabus B63 S engine tuning, power output for the rev-happy 6.3-litre V8 jumps by 30 hp to 555 hp, with peak torque growing by 20 Nm to 650 [...]1 day ago -
Quantifying External UAE And Dubai Loss Exposure
zero hedge —
Authority: 761
Bank of America has provided an extended analysis of foreign exposure to Dubai World and Dubai sovereign. As BofAML points out "the basics of the discussion are threefold in our view: who owes how much to whom, when do they pay, and what happens if they do not? As there are no official debt data on both emirates and ...1 day ago -
Dubai Default Throws World Markets into Disarray
Big Government —
Authority: 817
News from Dubai is rocking and rolling world markets today, as an $80 billion default could spawn a broad wave of activity and expose the tenuous status of the banking system. We’re talking global markets on the Black Friday edition of Coffee and Markets , a daily podcast from The New Ledger on politics, policy ...1 day ago -
Dubai World Strategically Defaults
Square Feet —
Authority: 570
The Chairman of the “Supreme Fiscal Committee” has indicated that the default of Dubai World was carefully planned. This really is not surprising. As somebody who was in Dubai last year, and saw the hundreds of hollow buildings and the construction up close, it really is not surprising that the party has come to ...1 day ago -
Dubai in trouble
PRI's The World —
Authority: 598
Shares at Wall Street have opened sharply lower as worries about Dubai’s debt problems rattle world markets for the second day. The Dow Jones index opened over 200 points down. It was the US markets’ first chance to react to news that state-owned Dubai World had asked for more time to repay its debts. American ...1 day ago -
Are U.K. Banks going to suffer from a total loss?
Fair Loan Rate! —
Authority: 139
Credit Sights says that it seems that U.K. banks are the banks that are most exposed to Dubai debt worries . According to an estimate among these banks HSBC and Standard Chartered hold half of the U.K. total. U.K. banks having $49.5 billion exposure to Dubai Debt Taking into consideration the data that is ...1 day ago
