Tag: UAE

Middle East Country Risk Ratings

UAE Sovereign┬árisk Stable. Dubai World and Dubai Holding subsidiaries have agreed with creditors to restructure their debts. However, further unannounced restructurings remain a┬árisk. 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…

UAE finance: Dubai’s last resort

FROM THE ECONOMIST INTELLIGENCE UNIT Dubai World has indicated to its creditors that it is considering selling assets to enable it to manage its debts. It has also provided a figure for its total debt that is significantly higher than…

Middle East business: Blackberry brinkmanship

FROM THE ECONOMIST INTELLIGENCE UNIT The United Arab Emirates (UAE) and Saudi Arabia have upped the ante in their effort to secure monitoring access to communications via Blackberry. The threat to pull the plug on the service may be a…

UAE finance: Holding pattern

FROM THE ECONOMIST INTELLIGENCE UNIT Creditors of Dubai International Capital (DIC), the private equity arm of Dubai Holding, have been asked to accept a three-month delay in the repayment of a US$1.25bn syndicated loan so as to allow time for…

UAE Fact Sheet

Background: As part of efforts to secure its trading routes with India during the 19th century, the UK concluded a series of truces and protectorate agreements with individual sheikhdoms in the Gulf. These agreements eventually gave rise to what became…

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.