Tag: Debt
Money markets lose faith in Dubai
Dubai has long been known as a symbol of extravagance and a city where money could buy anything, but a daunting economic recession has...
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...
The next crisis: Credit Card Debt
Together with the financial crisis, the banking crisis, the mortgage crisis and the employment crisis, we are on the verge of experiencing a credit...