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Dubai World

The worst is over and Dubai is looking for new opportunities for growth, according to Dubai's ruler, Sheikh Mohammed.

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Ruler of Dubai deals with debtupdated: Fri Jun 25 2010 04:09:00

MME sat down with the Ruler of Dubai and Prime Minister of the UAE Sheikh Mohammed Bin Rashid Al Maktoum.

This week on Marketplace Middle Eastupdated: Wed Jun 23 2010 09:18:00

MME special edition: Delving into the Emirate of Dubai

This week on Marketplace Middle Eastupdated: Fri May 07 2010 07:36:00

In Focus -- Dubai's investor woes

CNNMoney: Dubai World gets $9.5 B bailoutupdated: Thu Mar 25 2010 07:57:00

The Dubai government announced plans Thursday to inject $9.5 billion in funding to help out its state-owned holding company, Dubai World.

CNNMoney: Dubai selling off Cirque du Soleil and QE2?updated: Tue Feb 09 2010 14:35:00

Dubai is reportedly preparing to sell a host of assets, including one of the world's best known cruise ships, as the emirate's investment arm looks to restructure a mountain of debt.

Westwood shares four-way lead in Dubaiupdated: Sat Feb 06 2010 15:05:00

World No. 4 Lee Westwood goes into the final round of the Dubai Desert Classic in a four-way share of the lead following his four-under-par 68 on Saturday.

'Amazing' shot gives Erlandsson leadupdated: Thu Dec 17 2009 11:30:00

One of the best shots of his life helped Swede Martin Erlandsson to an eight-under-par 64 and a one-stroke lead on the opening day of the South African Open.

After bailout, severe test still awaits Dubaiupdated: Mon Dec 14 2009 20:39:00

Abu Dhabi's decision to offer Dubai financial succour has bought time for the debt-laden emirate to restructure its troubled Dubai World conglomerate, but the former boom town still faces a severe test.

Dubai receives bailoutupdated: Mon Dec 14 2009 20:39:00

Dubai gets $10 billion from neighboring Abu Dhabi to pay down its debt. CNN's Cal Perry reports

Abu Dhabi gives Dubai $10 billion bailoutupdated: Mon Dec 14 2009 08:41:00

Abu Dhabi stepped in to help troubled fellow emirate Dubai and its state-owned holding company, Dubai World, with $10 billion in financing on Monday.

Dubai utility faces $2B debt demandupdated: Tue Dec 08 2009 20:27:00

The credit downgrades of Dubai's government-owned companies have triggered an accelerated payment clause on a $2bn debt issued by the emirate's utilities provider.

CNNMoney: Stocks brace for selloffupdated: Tue Dec 08 2009 08:45:00

U.S. stocks headed for a lower start Tuesday as a shake-up in world markets made its way across the Atlantic, adding to investor uneasiness about the economy.

European Tour faces 2010 testupdated: Mon Dec 07 2009 12:17:00

Is 2010 going to be another tough year of growth for the European Tour and Lee Westwood on his win in Dubai.

European Tour announces 2010 scheduleupdated: Mon Dec 07 2009 12:17:00

The 2010 European Tour golf schedule -- known as the Race to Dubai -- will feature a minimum of 47 events, including six new tournaments, culminating in the Dubai World Championship at the Jumeirah Golf Estates on November 25-28 -- the official European Tour Web site has confirmed.

Dubai World prepares to sell overseas assetsupdated: Mon Dec 07 2009 09:13:00

Dubai World may be forced to sell overseas assets as part of its restructuring process, a top Dubai finance official conceded on Monday, but he said the government would not divest businesses to support the holding company.

This week on Marketplace Middle Eastupdated: Thu Dec 03 2009 10:57:00

In Focus -- Dubai World: What Next?

Creditors mobilize over Dubai debt planupdated: Tue Dec 01 2009 23:17:00

Bondholders and creditors have begun mobilising in response to Dubai World's $26bn restructuring plans, as Dubai's ruler on Tuesday sought to reassure investors that his debt-laden emirate's economy remained sound.

CNNMoney: Dow at 14-month highupdated: Tue Dec 01 2009 18:19:00

Stocks rallied Tuesday as worries about Dubai's debt problems eased, gold hit a record above $1,200 and GE and Comcast moved closer to a deal on NBC Universal.

CNNMoney: Gold hits $1,200 an ounceupdated: Tue Dec 01 2009 13:50:00

Gold prices crossed $1,200 an ounce Tuesday and closed at a record high as dollar weakness and easing of Dubai debt fears pushed the precious metal higher.

Dubai cast adrift as credibility crumblesupdated: Tue Dec 01 2009 01:36:00

Whether knowingly or not, Dubai, a city state built with grandiose long-term plans financed by piles of short-term debt, has cut off a crucial lifeline that may have helped it navigate the storm that threatens to engulf it.

Dubai Inc. in need of rescue?updated: Tue Dec 01 2009 01:36:00

Oil rich Abu Dhabi is in talks with fellow Emirate Dubai over its debt, as CNN's Jim Boulden reports.

Dubai rejects guarantee for Dubai Worldupdated: Mon Nov 30 2009 21:17:00

The government of Dubai on Monday said it would not guarantee the debt of Dubai World as it sought clarify comments made last week by the state-owned entity that sent shockwaves through global markets.

CNNMoney: Bank shares boost marketupdated: Mon Nov 30 2009 18:28:00

A rally in bank shares helped take Wall Street higher Monday, at the end of a choppy session, as investors bet that the fallout from Dubai's debt problems won't have a major impact on U.S. institutions.

CNNMoney: European shares buck global selloffupdated: Mon Nov 30 2009 14:41:00

Stock markets in Europe closed higher Friday, despite ongoing concerns about a possible loan default by Dubai's state-owned investment fund, which sent Asian and U.S. markets sharply lower.

CNNMoney: Dubai shares plummet 7%updated: Mon Nov 30 2009 13:45:00

Stocks in Dubai plunged more than 7% Monday, the first day of trading after the Persian Gulf state's debt problems roiled financial markets around the world.

CNNMoney: Oil sinks on Dubai debt concernsupdated: Mon Nov 30 2009 13:10:00

Oil futures sank more than 2% on Friday as investors worried about Dubai World's debt woes and moved into safe-haven assets including the dollar.

CNNMoney: Dubai's threat to U.S. banksupdated: Mon Nov 30 2009 12:40:00

The news that the state-run investment company of Dubai requested a postponement of billions of dollars of debt this week could pose a big problem for U.S. banks.

UAE push to head off debts damageupdated: Sun Nov 29 2009 22:04:00

The United Arab Emirates on Sunday stepped in to shore up its banks and head off any potential capital flight as the nation's federal authorities attempted to counter concerns over Dubai's debt problems.

Analysis: Dubai debt 'hiccup'updated: Fri Nov 27 2009 16:15:00

CNN's Richard Quest and Ali Velshi discuss what the Dubai debt crisis could mean for investors around the world.

Dubai debt woes 'a drama, but no crisis'updated: Fri Nov 27 2009 16:15:00

Market experts say the debt revelations from Dubai this week will not lead the global economy back into recession, but have seriously damaged the Emirate's standing as a leading financial hub.

CNNMoney: Bonds rally as credit fears sap confidenceupdated: Fri Nov 27 2009 15:41:00

Treasurys jumped Friday as investors flocked to the perceived safety of U.S. debt amid concerns about Dubai World's credit problems.

CNNMoney: Stocks slip on Dubai debt woesupdated: Fri Nov 27 2009 15:36:00

Stocks tumbled Friday afternoon as fears about the fallout from Dubai's debt problems rattled Wall Street in a thinly-traded half-day session following Thanksgiving.

Explainer: What is Dubai World?updated: Fri Nov 27 2009 11:37:00

Dubai World is Dubai's standard bearer for global investments.

Dubai debt fears surprise investorsupdated: Fri Nov 27 2009 11:19:00

The U.S. stock market opened lower on Friday as traders seized their first chance to respond to Dubai's debt problems.

Superb Westwood wins Race to Dubaiupdated: Fri Nov 27 2009 09:05:00

Lee Westwood charged to a runaway victory in the inaugural Dubai World Championship on Sunday to be crowned Europe's number one golfer this year.

CNNMoney: Wall Street set to open lowerupdated: Fri Nov 27 2009 08:52:00

U.S. stocks were set to open lower Friday, following sharp declines in Asian markets, as Dubai World and its debt woes threatened Wall Street's confidence.

Asia markets hit by fresh bout of sellingupdated: Fri Nov 27 2009 06:21:00

Stock markets in Asia suffered sharp falls on Friday as global investors scrambled to understand the implications of Dubai World's restructuring and unexpected debt standstill.

Dubai debt shocks investorsupdated: Fri Nov 27 2009 00:21:00

CNN's Charles Hodson and John Defterios discuss the implications of Dubai World's debt dilemma.

Footsie falls on Dubai debt problemsupdated: Thu Nov 26 2009 23:12:00

Banks led the London market lower on Thursday as Dubai's attempt to reschedule debt led investors to dump riskier investments, sending the FTSE 100 to its biggest daily fall since March.

Has debt freeze exposed Dubai mirage?updated: Thu Nov 26 2009 14:34:00

Dubai sent investors reeling Thursday after asking creditors to freeze the debt repayments of one of its biggest holding companies, Dubai World.

Dubai shocks investors amid debt fearsupdated: Thu Nov 26 2009 08:52:00

Dubai has shocked investors by asking for a debt standstill at Dubai World, the government's flagship holding company that has developed some of the world's most extravagant real estate projects.

Nothing compares to this, says Leeupdated: Mon Nov 23 2009 09:58:00

Lee Westwood says his double triumph at the Dubai World Championship was the highlight of his 31-win career.

McIlroy heads quartet in Race to Dubaiupdated: Mon Nov 23 2009 08:52:00

Northern Ireland's Rory McIlroy leads a quartet of golfing stars who can land the inaugural Race to Dubai crown as the European season reaches its finale in the emirate on Thursday.

Westwood in pole position in Dubaiupdated: Sat Nov 21 2009 11:26:00

Lee Westwood will take a commanding five-shot lead over European Tour money list rival Rory McIlroy into the final round of the season-ending Dubai World Championship on Sunday.

Last minute effort for Race to Dubaiupdated: Fri Nov 20 2009 11:53:00

While Europe's best golfers were focusing their attention this year on chasing a share of the $15 million on offer for the Race to Dubai the event's organizers were in a mad scramble to just get the tournament up and running.

George O'Grady eager to bounce backupdated: Fri Nov 20 2009 11:53:00

CNN's Justin Armsden talks to European Tour CEO, George O'Grady about how the Tour plans to bounce back.

Westwood hits the front in Dubaiupdated: Fri Nov 20 2009 10:53:00

Lee Westwood claimed the halfway lead at the Dubai World Championship as two birdies on the final three holes gave him a two-shot advantage over a six-strong group tied for second place.

Westwood edges McIlroy in Dubai openerupdated: Thu Nov 19 2009 11:17:00

Lee Westwood stole an early march on European Tour money list leader Rory McIlroy as he fired a superb six-under-par 66 on the opening day of the season-ending Dubai World Championship.

European tour's money troubleupdated: Mon Sep 21 2009 10:22:00

CNN's World Sport reports the European Tour will cut its prize money because of financial problems with the tournament.

Golf's richest tournament feels the pinchupdated: Mon Sep 21 2009 10:22:00

Prize money for golf's richest tournament in Dubai has been cut by 25 percent because of the global economic downturn.

Race to Dubai suffers prize money crisisupdated: Tue Aug 04 2009 13:46:00

The European Tour looks set to suffer a major body blow this week when it announces a reduction in prize money for this year's flagship $20 million Race to Dubai and Dubai World Championships.

British Masters falls victim to recessionupdated: Thu May 14 2009 14:21:00

The economic downturn has claimed another prestigious event on the European Tour with this year's British Masters dropped from the schedule.

In February's Living Golf...updated: Thu Jan 22 2009 04:35:00

As the economic crisis worsens, we look at the long-term validity of professional golf in the Middle East and Dubai in particular. We also get unprecedented access to some of the world's leading golfers and Adam Scott teams up with world famous coach Butch Harmon for his 'Hot Shots.'

New season schedule announcedupdated: Tue Oct 07 2008 12:34:00

As one thrilling season draws to a close, it's time to look toward next year and what is set to be a packed calendar. Dubai Buys 20% of Cirque du Soleilupdated: Wed Aug 06 2008 11:00:00

The government-controlled developer of palm-shaped islands off Dubai's coast and a related investment arm said Wednesday they have bought a 20 percent stake in international circus touring company Cirque du Soleil

Must-see races: Frankie's top fiveupdated: Fri Apr 11 2008 06:09:00

There was a time when Frankie Dettori saddled up to race 1,200 times a year. Now he's one of the world's leading jockeys, he has cut his commitments by half.

Fortune: Searching for the next Dubaiupdated: Fri Feb 22 2008 10:14:00

It's always tough driving in the wilds of East Africa. But in the tiny country of Djibouti, our driver explains, it's tougher than usual. "Djiboutian goats don't scare," he says, holding down the horn and swerving. We're driving 100 mph the wrong way down a winding road through terrain so apocalyptic that British soldiers, back when they ruled the world, nicknamed this parched earth the Furthest Shag of the Never-Never Land.

Dubai's aviation oasisupdated: Fri Jan 04 2008 11:41:00

In a city strewn with scaffolding, it's a project with no equal. Dubai World Central is set to be a bustling metropolis 40 kilometers south of Dubai's city center, with homes, offices and a port no less, surrounding the jewel in the crown -- the world's largest airport.

World's Largest Airportupdated: Fri Jan 04 2008 11:41:00

Marketplace Middle East takes a look into Dubai's ambition to become the world's next aviation hub.

World's richest golf gameupdated: Thu Nov 22 2007 06:01:00

Dubai is adept at attracting investment and this month it has laid claim to the world's richest ever golf tournament.

Dubai to host golf's richest eventupdated: Mon Nov 19 2007 07:22:00

Dubai will stage the world's richest golf tournament as part of the European Tour's 2009 schedule.

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