http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/-t1.htm Mon, 14 Dec 2009 10:28:55 GMT 10 http://www.thelordoftrading.com/images/LOT blackbg460.jpg http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/-t1.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/abu-dhabi-rides-to-dubai-s-rescue-at-last-t376.htm Scalpuman The Dubai government announced today that it has received US$ 10 Billion in support from Abu Dhabi. Dubai will also repay in full the Nakheel SUKUK which matures today. Regional GCC Curves have moved left on the news, with 1Y AED opening around 40/70 from last week's 80/110. Below you will find a statement issued by the Dubai Finance Committee : STATEMENT FROM HH SHEIKH AHMAD BIN SAEED AL MAKTOUM, CHAIRMAN OF THE DUBAI SUPREME FISCAL COMMITTEE Dubai - 14 December 2009: ... The Voice of the Middle East and North Africa Mon, 14 Dec 2009 10:28:55 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/abu-dhabi-rides-to-dubai-s-rescue-at-last-t376.htm#944 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/abu-dhabi-rides-to-dubai-s-rescue-at-last-t376.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-stocks-slump-most-in-world-on-debt-restructuring-concern-t356.htm Scalpuman By Arif Sharif Dec. 8 (Bloomberg) -- Dubai shares tumbled to the lowest level in almost five months, led by Emaar Properties PJSC and Emirates NBD PJSC, on concern that Dubai World is struggling to restructure debt. Emaar, the United Arab Emirates’ biggest real-estate developer, slumped 9.8 percent and Emirates NBD, the region’s largest bank by assets, retreated to the lowest since Sept. 3. The DFM General Index plunged 6.5 percent, the biggest fluctuation among global benchmarks tracked ... The Voice of the Middle East and North Africa Tue, 08 Dec 2009 10:52:48 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-stocks-slump-most-in-world-on-debt-restructuring-concern-t356.htm#871 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-stocks-slump-most-in-world-on-debt-restructuring-concern-t356.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/ratings-on-dubai-firms-cut-to-junk-bbc-business-news-t344.htm Scalpuman BBC Business News The ratings agency Standard & Poor's has cut the credit rating of six Dubai companies linked to the government to junk status. S&P said extraordinary support from the Dubai government seemed "low" after the emirate said it would not guarantee Dubai World's debts. Last week, state-owned Dubai World rocked financial markets after asking for a delay on repaying its debt. S&P said it was not rating Dubai World or its property arm Nakheel. ... The Voice of the Middle East and North Africa Thu, 03 Dec 2009 12:32:55 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/ratings-on-dubai-firms-cut-to-junk-bbc-business-news-t344.htm#832 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/ratings-on-dubai-firms-cut-to-junk-bbc-business-news-t344.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/why-dubai-matters-business-week-t340.htm Scalpuman Business Week Article Why Dubai Matters Sure, it will pay a hefty price for its debt woes. But the city-state's open economy has attracted legions of foreign investors and serves as a model for its Gulf neighbors By Stanley Reed Dubai — After Dubai announced in late November that the state-controlled investment firm Dubai World was seeking to reschedule payments on some $26 billion of debt, global markets went into a tailspin. While foreign bourses quickly rebounded, local shares have ... The Voice of the Middle East and North Africa Thu, 03 Dec 2009 09:28:54 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/why-dubai-matters-business-week-t340.htm#828 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/why-dubai-matters-business-week-t340.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-world-to-restructure-26-billion-of-debt-update3-t324.htm Scalpuman Dec. 1 (Bloomberg) -- Dubai World said it began "constructive" talks with banks to restructure $26 billion of debt, including liabilities owed by units Nakheel World and Limitless World. Debt from subsidiaries such as Infinity World Holding, Istithmar World and Ports & Free Zone World will be excluded from the negotiations because those companies "are on a stable financial footing," Dubai World, one of the emirate’s three main state-related holding companies, said ... The Voice of the Middle East and North Africa Tue, 01 Dec 2009 09:28:28 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-world-to-restructure-26-billion-of-debt-update3-t324.htm#783 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-world-to-restructure-26-billion-of-debt-update3-t324.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-worlds-debt-not-guaranteed-by-government-al-saleh-says-t322.htm Scalpuman By Zahraa Alkhalisi Nov. 30 (Bloomberg) -- Abdulrahman Al Saleh, director general of Dubai’s Department of Finance, comments on Dubai World’s debt restructuring plan in an interview with Dubai TV today. On whether the government guaranteed Dubai World debt: "The company received financing based on its project schedule, not a government guarantee. "The lenders should be part of the responsibility." On the decision to ask Dubai World creditors to delay repayments until ... The Voice of the Middle East and North Africa Mon, 30 Nov 2009 14:04:09 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-worlds-debt-not-guaranteed-by-government-al-saleh-says-t322.htm#771 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-worlds-debt-not-guaranteed-by-government-al-saleh-says-t322.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/uae-eases-credit-after-dubai-world-debt-delay-plan-update2-t319.htm Scalpuman By Arif Sharif Nov. 30 (Bloomberg) -- The United Arab Emirates’ central bank eased credit for lenders and said it "stands behind" the country’s local and foreign banks as they face the prospect of rising losses from Dubai World’s possible default. Dubai shares fell 7.2 percent and Abu Dhabi’s index was down 8.2 percent at 11:15 a.m. after U.A.E. stock markets began trading for the first time after Dubai World announced plans to delay loan repayments. Banks will be able to ... The Voice of the Middle East and North Africa Mon, 30 Nov 2009 08:24:47 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/uae-eases-credit-after-dubai-world-debt-delay-plan-update2-t319.htm#768 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/uae-eases-credit-after-dubai-world-debt-delay-plan-update2-t319.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/ft-dubai-shockwave-hits-global-markets-t316.htm Scalpuman http://www.ft.com/cms/s/0/7896cac2-db93-11de-9424-00144feabdc0.html]]> The Voice of the Middle East and North Africa Sat, 28 Nov 2009 13:18:27 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/ft-dubai-shockwave-hits-global-markets-t316.htm#764 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/ft-dubai-shockwave-hits-global-markets-t316.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-world-seeks-to-delay-debt-payments-as-default-risk-soars-t315.htm Scalpuman By Arif Sharif and Laura Cochrane Nov. 26 (Bloomberg) -- Dubai World, with $59 billion of liabilities, is seeking to delay debt payments, sending contracts to protect the emirate against default surging by the most since they began trading in January. The state-controlled company will ask creditors for a “standstill” agreement as it negotiates to extend maturities, including $3.52 billion of Islamic bonds due Dec. 14 from its property unit Nakheel ... The Voice of the Middle East and North Africa Sat, 28 Nov 2009 13:13:44 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-world-seeks-to-delay-debt-payments-as-default-risk-soars-t315.htm#763 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/dubai-world-seeks-to-delay-debt-payments-as-default-risk-soars-t315.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/clinton-issues-iran-warning-t84.htm Scalpuman From Fox News.com Secretary of State Hillary Clinton warned Iran Wednesday that the United States would extend a "defense umbrella" over its allies in the Persian Gulf if the Islamic Republic obtains a nuclear weapons capability. Appearing on a Thai TV program, Clinton said the U.S. would also take steps to "upgrade the defense" of America's Gulf allies in such an event, a reference to stepped-up military aid to those countries. Clinton's reference to a U.S. "defense ... The Voice of the Middle East and North Africa Wed, 22 Jul 2009 09:16:10 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/clinton-issues-iran-warning-t84.htm#181 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/clinton-issues-iran-warning-t84.htm http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/calyon-middle-east-regional-update-t47.htm Scalpuman by Glenn Wepener, CALYON Credit Agricole CIB REUTERS DEALING CODE : INDB REUTERS INFO PAGES : ARABIA - Dubai Set To Lose More Of Its Expatriate Residents As School Term Ends. - Israeli Submarine Sails Through The Suez Canal. - Kuwait’s Stock Index Slips 3.60% As Oil Prices Fall. The combined effect of the global financial crises and the local property crash in Dubai is still being felt in the UAE, with an estimated 8% of Dubai’s expat residents allegedly set to leave the Emirate ... The Voice of the Middle East and North Africa Tue, 07 Jul 2009 10:08:57 GMT http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/calyon-middle-east-regional-update-t47.htm#88 http://forum.thelordoftrading.com/the-voice-of-the-middle-east-and-north-africa-f4/calyon-middle-east-regional-update-t47.htm