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Latest Dubai Financial Market Announcements News

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  • In Dubai, a blunt refusal amid deeper losses 2 Dec 2009 04:36 GMT
    ... in Dubai's economy, the result of the announcement last week that the powerful holding company ... record 8.3 per cent yesterday, and the Dubai Financial Market fell 7.3 per cent, with several banks, ... been gyrating wildly since Dubai World first announced plans for a debt standstill last Wednesday, ...

  • Global stocks rise as dealers track Dubai 2 Dec 2009 10:25 GMT
    ... Emirati follows the market's movement at the Dubai Financial Market on December 1. World stock markets rose as investors tracked developments surrounding ... days of trading following the Dubai World announcement last week that it was seeking to ...

  • Investors hope Dubai restructures its debt 2 Dec 2009 04:33 GMT
    ... was a bombshell last week when Dubai announced that the conglomerate wanted to defer debt ... opened for the first time since the announcement, after a long Islamic holiday. The Dubai Financial Market was down 7.3 percent, while Abu Dhabi’s ...

  • Emirate leaders move to calm Dubai investors 2 Dec 2009 07:55 GMT
    ... badly needed cash. Shares listed on the Dubai Financial Market closed yesterday down an average of 5.6 ... Dubai World holding company, which last week announced it would withhold payments on its debt. ... surprises people as it did with its announcement last week, he said. Mr. Sfakianakis agreed. ...

  • Dubai ruler bids to calm debt worry 2 Dec 2009 09:27 GMT
    ... Dubai's ruler finally broke his silence over the emirate's ... his first public statement since his government announced last Wednesday that state-owned Dubai World was ... the bad news late last week. The Dubai Financial Market closed down 5.61% after slightly paring an ...

  • Stock markets close mixed amid reports Dubai working to restructure debt 1 Dec 2009 00:47 GMT
    ... follows the latest stock changes at the Dubai Financial Market in Dubai. Dubai's main stock exchange dropped ... last week in the wake of an announcement from Dubai's investment arm, Dubai World, that ... per share from Cosmos Capital that was announced Friday. Cossette shares were up a penny ...

  • Dubai's stock exchange plummets 1 Dec 2009 00:45 GMT
    ... the United Arab Emirates since Dubai World announced it was struggling with its $60bn (€40bn) ... of companies whose shares traded on the Dubai Financial Market, the city-state’s main bourse, were also deeply ... markets have begun to rebound since the announcement, while European markets were mixed in early ...

  • Dubai and Abu Dhabi stock markets down again 1 Dec 2009 16:12 GMT
    ... Dubai and Abu Dhabi stock markets down again Losses reach ... of its debt. The government of Dubai announces it will not guarantee all of Dubai ... financial footing", untouched. Last week, Dubai World announced that it was asking for a six-month ...

  • UAE stock markets two-day drop tops 10 percent 1 Dec 2009 07:52 GMT
    ... The Dubai and Abu Dhabi stock markets plunged on ... the companies that owe the money. The DFM index in Dubai dropped 121.33 points to ... sector fell 6.46 percent. Dubai last week announced it wants to halt payments for six months on its entire ...

  • In Dubai, a blunt refusal amid a market selloff 1 Dec 2009 02:44 GMT
    ... in Dubai's economy, the result of the announcement last week that the powerful holding company ... record 8.3 per cent Monday, and the Dubai Financial Market fell 7.3 per cent, with several banks, ... been gyrating wildly since Dubai World first announced plans for a debt standstill last Wednesday, ...

  • In Dubai, refusal amid a market selloff 1 Dec 2009 11:55 GMT
    ... in Dubai's economy, the result of the announcement last week that the powerful holding company ... record 8.3 per cent Monday, and the Dubai Financial Market fell 7.3 per cent, with several banks, ... been gyrating wildly since Dubai World first announced plans for a debt standstill last Wednesday, ...

  • Dubai's leader tries to calm panicky investo... 1 Dec 2009 15:32 GMT
    ... World. (AP Photo/Kamran Jebreili) Graphic shows the Dubai Financial Market General Index over the past ... past year Kuwaiti investors following the Kuwait Stock Exchange on Tuesday, Dec. 1, 2009. The ... opened for the first time since the announcement that the conglomerate wanted to defer debt ...

  • Dubai's leader tries to calm panicky investors 1 Dec 2009 15:36 GMT
    ... two biggest markets into a tailspin. The Dubai Financial Market sank another 5.61 percent on ... Shurooq Shares LCC company follows the latest stock changes on a computer screen at the ... opened for the first time since the announcement that the conglomerate wanted to defer debt ...

  • Dubai World in Talks on $26 Billion of Debt 1 Dec 2009 12:16 GMT
    ... some of the losses suffered since Dubai announced it would seek a “standstill” agreement on ... record 13 percent two- day slump. The Dubai Financial Market index dropped 6.6 percent, heading for its ... trading day since the Nov. 25 restructuring announcement. The Dubai government said Nov. 25 its ...

  • Dubai: World lacks understanding of debt crisis 1 Dec 2009 13:14 GMT
    ... statement about Dubai World since his government announced on Wednesday that conglomerate — the emirate's ... the bad news late last week. The Dubai Financial Market closed down 5.61 percent after slightly paring ... opened for the first time since the announcement that the conglomerate wanted to defer debt ...


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