Dubai news
Latest daily updated news about Dubai City and interesting news about United Arba Emirates (UAE) and all the Gulf area.
Interpol joins international task force investigating Dubai assassination (The Christian Science Monitor)
Interpol joined an international task force investigating the Dubai assassination of Hamas official Mahmoud al-Mabhouh. The international policing organization also said it was convinced of the broad, international scope of the crime. - 2010-03-09 16:48:31
Dubai accuses Israel of 'vast falsification' of passports (AFP via Yahoo! News)
Dubai's police chief accused Israel on Tuesday of "vast falsification" of travel documents, noting that dozens of false passports were uncovered following a Hamas leader's murder in the emirate. - 2010-03-09 14:20:39
Dubai World Extension Shouldn’t Exceed Eight Years (Update1) (Bloomberg)
March 9 (Bloomberg) -- Dubai World, the state-owned holding company seeking to renegotiate terms on $26 billion of debt, should delay loan payments by no more than eight years, Union of Arab Banks Chairman Adnan Yousif said. - 2010-03-09 14:06:05
Pakistan Delays Buying Sugar From Dubai Using Deferred Payment (Bloomberg)
March 9 (Bloomberg) -- Pakistan delayed a plan to buy as much as 650,000 metric tons of white sugar from the government of Dubai on the basis of deferred payments, Finance Secretary Salman Siddique said. - 2010-03-09 12:06:36
Fourth Australian named by Dubai (BBC News)
A fourth Australian passport-holder has been named in connection with the murder of a Hamas commander in Dubai. - 2010-03-09 11:51:58
Dubai Prosecutors Issue 16 New Arrest Warrants in Hamas Killing (Bloomberg)
March 9 (Bloomberg) -- Dubai’s public prosecution issued 16 new international arrest warrants over the murder of Hamas leader Mahmoud al-Mabhouh in January in the emirate. - 2010-03-09 11:51:03
Dubai World outlines debt plan to leading creditors (AFP via Yahoo! News)
The debt-ridden Dubai World conglomerate is outlining proposals to restructure 22 billion dollars of its debt to leading creditors, The National daily reported Tuesday. - 2010-03-09 11:23:17
U.A.E. Says It Stands by Dubai, Companies Haven’t Sought Help (Bloomberg)
March 9 (Bloomberg) -- Dubai’s state-owned companies haven’t sought help from the United Arab Emirates’ federal government, which will stand by the troubled emirate, the UAE’s finance minister said. - 2010-03-09 11:05:55
U.A.E. Government to Support Dubai (New York Times)
State-owned conglomerate Dubai World is holding informal talks with major creditors, which include HSBC and Standard Chartered , in London this week as it finalizes a restructuring proposal. - 2010-03-09 11:00:58
JPMorgan Sees Haircut, Extension on Dubai World Debt (Update1) (Bloomberg)
March 9 (Bloomberg) -- Dubai World, the state-owned holding company restructuring $26 billion in debt, may offer creditors a 20 percent haircut, a 10-year extension on maturities and a government repayment guarantee for creditors, JPMorgan Chase & Co. said. - 2010-03-09 10:17:03
