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Dubai World

The Marketing of Dubai: A Brilliant Mirage

Sarah O'Leary | Posted 10.16.2012 | Business
Sarah O'Leary

It's difficult to embrace the hype while wading in a sea of black.

Dubai Debt Leads To Abadoned Cat And Dog Problem (VIDEO)

GlobalPost | Christopher Booker And Tomd Hundley | Posted 05.25.2011 | World

GlobalPost looks at Dubai's abandoned pet problem. ...

Dubai World offers $9.5B in new aid to struggling firm

AP | BARBARA SURK and ADAM SCHRECK | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — Dubai's government on Thursday said it will pump up to $9.5 billion into Dubai World, outlining a long-awaited res...

Burj Khalifa Blames Faulty Elevator For Tower Shutdown

AP | ADAM SCHRECK | Posted 05.25.2011 | World

DUBAI, United Arab Emirates — Visitors on the observation deck of the world's tallest tower heard a loud boom, then saw dust that looked like sm...

Abu Dhabi's Dubai Bailout $5 Billion Less Than Previously Thought

Reuters | Amran Abocar | Posted 05.25.2011 | Business

DUBAI (Reuters) - Abu Dhabi's $10 billion December bailout to Dubai included $5 billion already committed by two banks controlled by the emirate, sign...

Dubai At The Height Of Extravagance (PHOTOS)

Posted 05.25.2011 | World

Dubai's decade of oil wealth, property speculation and wild dreams created a roster of projects that are awe inspiring in their ambition. The world'...

This Is Not the End of the Road for Dubai

Sultan Sooud Al-Qassemi | Posted 05.25.2011 | World
Sultan Sooud Al-Qassemi

Dubai World's request for a debt "standstill" should not be seen as a shock. In fact, it is surprising that it took so long for it to happen.

UAE Will Back Banks Despite Dubai Debt Crisis

AP | BARBARA SURK and TAREK EL-TABLAWY | Posted 05.25.2011 | World

DUBAI, United Arab Emirates — The United Arab Emirates has pledged to stand behind foreign and domestic banks in the country, offering additiona...

Dubai World Will Try To Raise Cash By Selling Assets

AP | ADAM SCHRECK | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — Dubai World, the cash-strapped conglomerate at the center of Dubai's debt crisis, appears set for an unaccustomed ...

David Leonhardt: Financial System Better Despite 'Flare-Ups' Like Dubai

New York Times | Posted 05.25.2011 | Business

Thanks to low interest rates and other recent policies to support the real estate market, houses in this country are not especially cheap today, compa...

Dubai Stock Exchange Takes Huge Dive Despite UAE's Pledge To Help Local Banks

AP | BARBARA SURK and TAREK EL-TABLAWY | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — If global investors were looking for reassurances from Dubai that it would stand behind its massive, debt-swamped ...

Bond Investors Pressuring European Nations To Trim Budgets | LANDON THOMAS Jr. | Posted 05.25.2011 | Business

LONDON -- The bond vigilantes are back. But this time they are roaming mostly through Europe rather than the United States -- at least for now. Their...

Burj Dubai, World's Tallest Skyscraper `Last Hurrah' To Dubai's Age Of Excess

AP | BRIAN MURPHY | Posted 05.25.2011 | World

DUBAI, United Arab Emirates — When work began in 2004 to build the world's tallest tower, Dubai's confidence also was sky high with a host of me...

Dubai's Ruler: World Suffers From 'A Lack Of Understanding' About Debt Crisis

AP | BARBARA SURK and TAREK EL-TABLAWY | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — Dubai's ruler looked to calm panicky investors Tuesday with a message that all was well in the glitzy city-state a...

Dubai Debt Crisis: Will It Cause Another Financial Panic?

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and stall ...

Nouriel Roubini: Lessons From Dubai World | Nouriel Roubini | Posted 05.25.2011 | Business

t the heart of the saga is a message that investors shouldn't assume implicit government support. Credit ratings for Dubai-owned companies now reflect...

The Resilience of Dubai and the Gulf

Fareed Mohamedi | Posted 05.25.2011 | Business
Fareed Mohamedi

Despite this proclivity towards over-borrowing, the fundamentals of the Dubai model are still sound. The infrastructure has been built and is still very useful, and the underlying business logic is still very viable.

The Fool's Errand

Daniel Bruno Sanz | Posted 05.25.2011 | Politics
Daniel Bruno Sanz

Change the names, dates and particulars of the Algerian War, the Vietnam War and Soviet war in Afghanistan, and the history of mighty powers recycles itself in Af-Pak-Iraq.

Dubai World Loses W Hotel In Union Square

AP | Posted 05.25.2011 | New York

NEW YORK — Dubai World's investment arm, Istithmar, lost ownership of the W Union Square New York hotel in a foreclosure auction Tuesday. One o...

Kenneth Rogoff: Dubai

Project Syndicate | Kenneth Rogoff | Posted 05.25.2011 | Business

There are those that revel in what they see as a come-uppance for brash Dubai's outsized ambitions. I, for one, do not share this view. Yes, Dubai, wi...

Las Vegas' CityCenter Project:

By OSKAR GARCIA | Posted 05.25.2011 | Business

LAS VEGAS, (AP, OSKAR GARCIA) -- Sin City is pinning its biggest bet ever -- $8.5 billion -- on a 67-acre, six-tower complex of striking hotels, gourm...