Dubai World’s indebted property arm Nakheel is close to reaching agreements with large trade creditors that would allow it to begin paying overdue bills... more
Dubai World, the indebted state-owned company at the centre of Dubai’s massive debt pile, today said it had reached a deal “in principle” with a majority of its creditors on the company’s $23.5 billion restructuring plan... more
Royal Bank of Scotland chief executive Stephen Hester welcomes last week's $9.5 billion Dubai World rescue package as a positive development and sends the right signal... more
There are fresh concerns about the huge debts of Dubai World and fears that the restructuring of the state-owned conglomerates finances will harm investors... more
Dubai World was facing a weekend of intense negotiations with international bondholders over the $3.52billion (£2.2 billion) Nakheel, the world's biggest so-called Islamic bond, in a bid to defer payments ahead of next Monday's deadline... more
Nakheel, the property development company at the heart of the Dubai debt crisis, made losses of 13.4 billion dirhams (£2.24 billion) in the first half of the year... more
Shares in Royal Bank of Scotland plunged to their lowest since April, with trading briefly halted, as a triple-whammy of worries sparked a sell-off... more
London lawyers were today expected to reject a debt standstill agreement proposed by Dubai World, after the capital’s top advisers won the race for the Dubai fees goldmine
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It is the middle of the worst global recession for decades... so what better time to open a £1,200-a-night hotel in Las Vegas - without a casino... more
Dubai Ports World, owner of big stakes in Southampton and Tilbury docks, today saw one of the biggest swings in a share price of recent times as the turbulent situation in the troubled emirate took its toll.... more
Arab stock markets crashed as fears spread to Europe that Dubai’s financial crisis could infect its rich and powerful neighbour Abu Dhabi and could yet hammer lending to stricken Dubai World... more
Sheikh Mohammed will face a difficult public relations battle this winter as he continues to splash out on some of the finest bloodstock, while Dubai is seemingly in financial meltdown... more
The Stock Exchange in London breathed a sigh of relief as oil-rich Abu Dhabi stepped in to prevent neighbouring Arab emirate Dubai going to the wall... more
Retailers may be pinning their hopes on the festive season but Goldman Sachs reckons it will be far from cheery on the High Street this Christmas... more
City folk gave a hesitant thumbs-up to the water industry regulator's new five-year pricing formula which has kept prices flat — but at least one big hitter is cautious about the prospects for utilities next year... more
Dubai's $5 billion punt on Las Vegas looks like an increasingly risky bet. This week a government investment firm began suing its American partner, as the economic downturn bites at the blackjack table.... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
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