Bondholders and creditors have begun mobilising in response to Dubai World’s $26bn restructuring plans, as Dubai’s ruler on Tuesday sought to reassure investors that his debt-laden emirate’s economy remained sound. The move by banks and hedge funds to form a representative... (Continue reading)
Personal loans extended by UAE banks sharply slowed down in the first seven months of 2009, according to a report. Spending appetites seem to have been affected by the global downturn, resulting in poor public confidence, according to the Emirates Business... (Continue reading)
Dubai’s index DFM ended higher for a third straight session as Emaar Properties hit a two-week closing high. Emaar climbed 2.5 percent and is the most traded stock on the benchmark. “If you want to play the (UAE) market, then you have... (Continue reading)