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Debt restructuring is normal business response

HE Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, stated today that debt restructuring is a normal business response and the decision by...

Dubai World issues statement on debt obligations

Dubai World ("Dubai World") and its subsidiaries (the "Group") would like to update their lenders on recent developments relating to their debt obligations. Following a...

Dubai World Debt Meltdown Raises Concerns

UAE moves to counter Dubai fallout but markets wary Central Bank of the UAE backs UAE Banks, branches of foreign banks operating in the country Global...

Construction works on the Arabian Canal on schedule

Limitless, an integrated real estate development company and a business unit of Dubai World, has begun construction work on the Dh40.4 billion ( $11...

Palm Monorel set for live testing

Dubai World company and one of the world's largest and most innovative real estate developers, has announced that live testing of the Palm...