2009
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ADX rises across all sectors
The Abu Dhabi Securities Exchange (ADX) moved up 3.89% to 2,673.12 by the end of trading, with... Read full article »
Saudi Arabia begins Economic City works
Saudi Arabia has announced that construction of its Jazan Economic City (JEC) has started, in a... Read full article »
Zoellick: Dubai debt crisis 'manageable'
Robert Zoellick, President of the World Bank has said that Dubai's debt crisis is manageable and... Read full article »
Kingdom Holdings 'for sale' investments fall 4.8%
The value of Kingdom Holding's investments available for sale had dropped by 4.8% to SR5.81bn ($... Read full article »
Dubai, Kuwait recovery 'to lag behind'
Ahmet Akarli, an economist at Goldman Sachs has said that Dubai and Kuwait will lag behind other... Read full article »
Dubai World to meet creditors
Dubai World will meet its main creditors next week to discuss its request to delay payment on $... Read full article »
AlWaleed: Dubai World lenders made 'wrong assumptions'
Prince Alwaleed bin Talal has said that banks that loaned money to Dubai World should have... Read full article »
IMF: Dubai World impact on banks 'manageable'
The director of the IMF's Middle East and Central Asia department has said that Dubai World's... Read full article »
Dubai World to restructure $26bn Nakheel, Limitless debt
Dubai World has announced that it has started constructive talks with banks to restructure $26bn... Read full article »
DFM falls slow as index loses 5.61%
The Dubai Financial Market fell by 5.61%, less heavily than yesterday as the market absorbed... Read full article »
ADX slows descent
The Abu Dhabi Securities Exchange (ADX) slowed its steep falls of yesterday, closing down by 3.... Read full article »
Moody's: Abu Dhabi, Federal ratings unaffected
The ratings agency Moody's has said that the restructuring of Dubai World's liabilities will not... Read full article »
Dubai 'not responsible' for Dubai World debt
Abdulrahman al-Saleh, director general of Dubai's Department of Finance has said that Dubai... Read full article »
Lebanon sets bond price guidance
Lebanon has set price guidance for a $500m two-tranche bond at around 6% for a $250m five-year... Read full article »
DP World drops almost 15% on Nasdaq Dubai
DP World, the Middle East's largest port operator and a unit of Dubai World, fell today by the... Read full article »
