Dubai news

Latest daily updated news about Dubai City plus interesting news about United Arab Emirates (UAE) and all the Gulf area.

Dubai Group Said to Propose Paying Debt Over 5 to 10 Years
Dubai Group LLC, an investment company owned by the emirate’s ruler, offered to pay creditors over five to 10 years as it seeks to restructure $6 billion of bank debt, a banker familiar with the proposal said. - 2012-02-07 10:25:44

Luxury and Stunning Views in a 'Distressed' Dubai Tower
The drop in values at the Burj Khalifa in Dubai, inaugurated in 2010, illustrates the extent of the downturn in the emirate's real estate market. - 2012-02-06 20:42:05

Dubai Group Said to Seek Up to 10-Year Delay in $6 Billion Restructuring
Dubai Group LLC, an investment company owned by the emirate’s ruler, offered to repay creditors over five to 10 years as it seeks to restructure $6 billion of bank debt, a banker familiar with the proposal said. - 2012-02-06 14:37:34

Dubai’s Shares Rise to 5-Month High on Bets Investors Accumulating Arabtec
Dubai’s shares rose to the highest in almost five months, led by Arabtec Holding PJSC (ARTC) , amid speculation investors are accumulating the company’s stock on bets it will benefit from regional infrastructure spending. - 2012-02-06 09:06:16

Dubai Shares Rise to 4-Month High on Earnings, Growth Outlook
Dubai stocks rose to the highest in more than four months on bets earnings will beat expectations and after the U.S. jobless rate slid to the lowest level in three years, boosting the outlook for the global economy. - 2012-02-06 08:20:06

Dubai Abandons $10 Billion Debt Restructuring - The Telegraph
DOW JONES NEWSWIRES - 2012-02-06 07:40:25

Dubai FDI brings AED3.44bn into economy
(MENAFN - Arab News) Dubai FDI, the foreign investment office in the Department of Economic Development in Dubai, succeeded in attracting and promoting 77 companies in the emirate during 2011. ... - 2012-02-06 07:13:24

Dubai abandons $10bn debt restructuring
Dubai's government has walked away from the $10bn (£6.3bn) debt restructuring of one of its biggest conglomerates, leaving creditors, including the Royal Bank of Scotland (RBS), with exposure to potentially ... - 2012-02-05 21:12:12

Dubai Shares Rise as Emaar Gains on Result Bets, Global Outlook
Dubai stocks rose for the fourth time in five days on bets earnings will beat expectations and after the U.S. jobless rate slid to the lowest level in three years, boosting the outlook for the global economy. - 2012-02-05 09:11:38

Dubai Shares Climb, Paced by Emaar Ahead of Developer’s Results, U.S. Data
Dubai stocks rose for the fourth time in five days on bets earnings will beat expectations and after the U.S. jobless rate slid to the lowest level in three years, boosting the outlook for the global economy. - 2012-02-05 08:38:27