Dubai Holding

Sheikh Mohammed Tightens Control of Dubai, Downgrades Key Company Aides
Bloomberg | 5 hours 18 minutes ago
Sheikh Mohammed on Nov. 20 sacked the governor of the Dubai International Financial Centre, Omar Bin Sulaiman, who had led efforts to transform Dubai into a Middle East finance hub. A day earlier, he dropped Mohammad al-Gergawi, Sultan Ahmed Bin Sulayem and Mohammed Ali Alabbar from the board of Dubai's main holding company, the Investment Corporation of Dubai. The three were at the forefront of a construction drive that began in 2002 and collapsed last year after the global financial turmoil...

Property vacancy rates in U.A.E. running sky-high Ray Beauchemin's Letters from Abu Dhabi - MarketWatch
MarketWatch | 19 days 3 hours 57 minutes ago
ABU DHABI (MarketWatch) -- Eighteen months ago, I was standing by a window in the Marina Mall, looking out toward Lulu Island's sandy beaches. A new acquaintance was standing by my side. He said, "A year from now you won't recognize it."

Dubai's Sheikh Mohammed Tightens Control of Emirate, Downgrades Key Aides
Bloomberg | 15 hours 22 minutes ago
Sheikh Mohammed on Nov. 20 sacked the governor of the Dubai International Financial Centre, Omar Bin Sulaiman, who had led efforts to transform Dubai into a Middle East finance hub. A day earlier, he dropped Mohammad al-Gergawi, Sultan Ahmed Bin Sulayem and Mohammed Ali Alabbar from the board of Dubai's main holding company, the Investment Corporation of Dubai. The three were at the forefront of a construction drive that began in 2002 and collapsed last year after the global financial turmoil...

Dubai Shares Retreat to Two-Month Low After Ruler's Leadership Shakeup
Bloomberg | 15 hours 22 minutes ago
Emaar, the United Arab Emirates' largest property developer, dropped to its lowest in more than two weeks. The company's Chairman Mohammed Ali Alabbar was among officials moved off the board of Dubai's main holding company, Investment Corp. of Dubai. Dubai Islamic Bank, the country's biggest Islamic lender, tumbled to the lowest in more then two months.

Dubai Properties chief Hashim al-Dabal faces 'embezzlement' inquiry - Telegraph
International Water Power and Dam Construction | 23 days 8 hours 48 minutes ago
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UPDATE 1-Dubai Holding CEO heads property unit amid probe
Reuters | 21 days 12 hours 18 minutes ago
DUBAI, Nov 1 (Reuters) - Dubai Holding's chief executive took the helm of its property unit in a move likely aimed at assuring investor confidence after the division's chairman was ordered by a Dubai watchdog to face questioning over suspected wrongdoings.

Moody's Downgrades Five Dubai Companies
Wall Street Journal, The | 18 days 16 hours 15 minutes ago
DUBAI -- Moody's Investor Services, the credit ratings agency, Wednesday downgraded five major Dubai-government-controlled companies after the emirate's finance department relinquished its obligations to the firms' debts in late October.

BUSINESS NOVEMBER 4, 2009, 7:02 A.M. ET Moody's Downgrades Five Dubai Companies
Barron's (subscription required) | 18 days 14 hours 52 minutes ago
DUBAI -- Moody's Investor Services, the credit ratings agency, Wednesday downgraded five major Dubai-government-controlled companies after the emirate's finance department relinquished its obligations to the firms' debts in late October.

Dubai state conglomerate cuts jobs as it downsizes
Forbes | 38 days 16 hours 11 minutes ago
DUBAI, United Arab Emirates -- The holding company for many of Dubai's most prized state-owned businesses says it has cut 15 percent of its work force in a restructuring effort that is nearly complete.

Dubai ruler's company repays $250M to BNP Paribas
CNBC | 41 days 16 hours 54 minutes ago
DUBAI, United Arab Emirates - A holding company controlled by Dubai's ruler says it has repaid a $250 million bank loan, the latest attempt by the deeply indebted emirate to chip away at its credit obligations.

3rdUPDATE:Dubai Has Insufficient Funds To Support Cos - S&P
Wall Street Journal, The | 41 days 5 hours 14 minutes ago
(Adds list of Dubai's bonds and loans.) By Nour Malas Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--Dubai needs to raise another $10 billion for its economic support fund as it has insufficient capital to prop up its struggling government-related companies, according to a leading analyst at Standard & Poor's.

TABLE: Dubai's Bonds, Loans Due Until July 2013
Wall Street Journal, The | 42 days 13 hours 17 minutes ago
DUBAI (Zawya Dow Jones)--The following is a list of Dubai's bonds and loans due until July 2013, according to ratings agency Standard & Poors: Issuer Maturity Date Amount ($m) Debt Type Dubai Invest Park Devt Co

Dubai To Meet Investors As Bid To Tackle $80Bln Debt Unfolds
Wall Street Journal, The | 34 days 13 hours 7 minutes ago
Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--Dubai will crank up efforts this week to tackle its $80 billion debt pile with senior officials heading to Asia to meet potential investors amid reports that one of its most indebted companies has repaid a $1.2 billion bond ahead of schedule.