Tag: dubai

Dubai World’s request to restructure its debt is likely to reshape the understanding among investors and issuers of who holds the upper hand when it comes to bond-like sukuk. Asia appears relatively immune from Dubai’s debt problems, while Dubai World says less than half the amount of debt initially believed to be affected is included under the ... The Dubai government’s request for a standstill on Dubai World debt could be the beginning of a sovereign default. The UAE wants to provide more jobs for locals but it needs foreign labour to continue growing. The UAE’s sound long-term potential will help revive real estate investments after the financial crisis eases and spending resumes. When Dubai’s economy came close to bankruptcy, a helping hand from Abu Dhabi showed that the UAE is indeed united. The UAE’s emerging local and global corporations embrace straight-forward cash management solutions. Richard Vaughan, senior vice-president of commercial operations for East Asia and Australasia at Emirates Airlines, discusses growth and the downside of alliances. Niche businesses like Islamic finance and family offices will contribute to Dubai's growth, says the head of business development for the Dubai International Finance Centre. Nasser Mohammed bin Hussein Alshaali joins the board and is named CEO of the Dubai International Finance Centre Authority. Former HSBC chairman and chief executive officer for Asia named chairman of the board of Dubai International Finance Centre. Giant palm trees, massive maps of the world and underwater hotels: Nick Lord examines the Dubai property market, one of the most exciting in the world.