Tag: Dubai

Middle East Country Risk Ratings

UAE Sovereign risk Stable. Dubai World and Dubai Holding subsidiaries have agreed with creditors to restructure their debts. However, further unannounced restructurings remain a risk. Aldar Properties, Abu Dhabi’s largest developer, has received financial support from the Abu Dhabi government. Despite debt…

UAE economy: More oil coming

The onshore arm of the Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth US$3.6bn in total for the expansion of production capacity in three fields. The decision to go ahead with the project indicates that Abu Dhabi remains…

UAE economy: Dubai debt crisis update

FROM THE ECONOMIST INTELLIGENCE UNIT Creditors of Dubai World have had their first round of talks about how to deal with the company’s statement that it needs at least six months grace from some of its most onerous debt repayments.…

UAE Country Risk Assessment

United Arab Emirates: risk assessment Sovereign risk Currency risk Banking sector risk Political risk Economic structure risk Country risk August 2010 BB BBB BB BBB B BB Download in spreadsheet format Sovereign risk Stable. Sovereign risk outlook has been revised…

Dubai: Europeans identified as Hamas leader assassins

Dubai, 16 Feb. (AKI) – Dubai police on Monday identified 11 suspects in the January assassination of Mahmoud al-Mabhouh, the founder of Hamas’ military arm. They include one woman and 10 men and all hold European passports: one from France,…

UAE: Killers of Hamas leader ‘identified’ by Dubai police

Dubai, 30 Jan.(AKI) – Dubai police said they have identified the killers of Mahmoud al-Mabhouh, a senior Hamas commander assassinated in a hotel room in the United Arab Emirates earlier this month.

Dubai Helps Iran Evade Sanctions as Smugglers Ignore U.S. Laws

Jan. 27 (Bloomberg) — On a sweltering mid-October evening, horns blare as pickup trucks at Dubai Creek wharf jockey to deliver cargo bound for Iran. Televisions, cartons of toothpaste, car parts, refrigerators and DVD players stretch for about a mile…

First Dubai, Next Europe

NYTimes:  When it looked as if Dubai would go bust last month, making global financial markets swoon, its wealthy neighboring emirate stepped in and bailed it out with a $10 billion loan. Unfortunately Dubai isn’t the only one teetering on…