Crisis
Dubai government-owned entity JAFZA has repaid a US$ 2 billion Islamic bond, five months ahead of schedule....
Data shows that the property prices in Dubai have risen for the first time since the credit crunch....
Figures released by the UAE Central Bank indicate that bank deposits have reached their highest level in almost two years....
Leading Dubai developer Union Properties posts massive losses in 2010, leading to a sharp decline of shares prices for other developers in the UAE as well. ...
Negative news about two of the UAE’s leading companies threaten to shake economic confidence in the country....
The announcement that Dubai is now planning to consider selling some of its assets is confirmation that the emirate has given up on trying to resolve its crisis with help from Abu Dhabi....
Abu Dhabi developer Aldar is reportedly seeking a government bailout as it’s CEO resigns, its shares tumble and the government announces that Abu Dhabi has an oversupply of real-estate....
Dubai Group is reported to have defaulted on two payments. This will erode any regain of credibility that the emirate tried to build over the past year, since the Dubai World crisis. ...
While currently it appears to be a success story from an economic and political point alike, the introduction of the bank tax presents significant risks already in the medium term....
Dubai has successfully accessed the international bond market again, raising US $ 2 billion from international investors....
Unexpected crises are moments that can make or break political leaders. They either flounder around for solutions or rise to the occasion....
Hungarian Prime Minister Viktor Orbán, slammed by opposition leaders and market analysts for his secretive approach to policymaking, has now removed all doubt....
Dubai government’s first bond sale since the emirate announced it was unable to repay its debt and the positive manner in which this has been received is positive news for Dubai....
The announcement by Dubai World that it has agreed with most of its creditors on debt restructuring is a positive piece of news that will help Dubai move past the economic crisis....
Among the Visegrad nations (Hungary, Poland, the Czech Republic and Slovakia), Hungarians have the dimmest view of their country’s economic situation and their personal finances....
The announcement that Dubai World will be prepared to sell its “prized assets” to pay off its debt indicates the government-owned entity has been unable to secure support from Abu Dhabi....
A survey has revealed over 85% of UAE residents have personal debts of over US $135,000 each....
Repeated and prolonged power cuts in the UAE emirate of Sharjah has damaged the emirates' economy....
Although Hungary currently has no urgent need for outside financing, the IMF loan served as a safety net should the country find itself in a tight spot....
Nakheel has presented an offer to creditors to restructure the debt. This is seen as a cautiously positive move....