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Dubai in Debt Shock

On Wednesday, the Emirate of Dubai asked for a moratorium of six months on billions of dollars of debt issued by key conglomerate Dubai...

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 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...