News Stories Related To: Is Dubai the next Casuality of the Global Economic Crisis?
By: arabwatch 
As US markets are crashing and burning (except for today) rumors are starting to circulate in the financial markets about another crash--Dubai. There has been a dramatic surge in...
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- News Source: Zawya Regional | 2 months agoThe United Arab Emirates has decided to extend its guarantee of banking deposits to include foreign banks with "significant operations" in the country, the finance ministry said on Monday...The ministry did not define the banks which will qualify but...
- News Source: Gulfnews.com | 2 months agoHe said the oil and gas sector forms just three per cent of the emirate's economy, so Dubai relies on a range of revenue streams and these are growing. "Growth is expected to remain high and the capacity of state to generate revenues is growing with...
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- News Source: AKI | 2 months agoStock markets throughout the oil-rich Gulf region continued to surge on Tuesday for the second straight day. Arab world's largest, opened with a 6.2 percent increase at the opening...Petrochemicals and the banking sector were key areas of gains.
- News Source: Zawya Market News | 2 months agoStocks in the booming Gulf emirate of Dubai leapt nine percent at the opening of trade on Tuesday, leading gains in the oil-rich Gulf as global markets made a spectacular surge. Abu Dhabi and Oman each jumped six percent, but the Kuwait Stock...
- News Source: Al Jazeera | 2 months agoThe government cannot just leave people on their own to be buffeted about," he said. For his part, Nicolas Sarkozy, the French president, said his government will make up to 320bn euros ($435bn) available for bank guarantees to run until 2009. "...
- News Source: Asian Wall Street Journal | 2 months agoIn the latest move by a Persian Gulf government to bolster market confidence, Qatar said it will pump capital into its banks, pledging investments of as much as 20% of each publicly traded bank's market capitalization. The government didn't give...
- News Source: Gulfnews.com | 2 months agoDubai's main index leads losses, falling 6.47 per cent to 3,206 points led by Emaar Properties and Dubai Islamic Bank which fell fall 8.51 per cent and 9.14 per cent respectively. In Abu Dhabi, Sorouh Real Estate fell 9.23 per cent and Aldar...
- News Source: The Mercury News | 2 months agoIt has no relation to Foundry Networks, a Santa Clara-based Ethernet networking equipment company. As part of the deal, the Abu-Dhabi investors will pump more than $1 billion directly into AMD and the Foundry Co. will assume about $1.2 billion in AMD...
- News Source: Financial Times | 2 months agoSaudi Arabia, the United Arab Emirates and Kuwait have all made available billions of dollars of extra liquidity to banks, and Qatar and Kuwait have reportedly intervened directly in the stock markets
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