Sheikh Mohammed of Dubai is under mounting pressure to explain the emirate’s debt problems, after hopes of a bail out from its neighbour faded. 29 Nov 2009 At the epicentre of the Dubai crisis, the emirate's ruling Al-Maktoum family is a powerful and mysterious dynasty. 29 Nov 2009 Dubai's move to delay payments on billions of dollars of debt has embarrassed neighbour Abu Dhabi and caused a crisis of confidence across the world. 29 Nov 2009 Until last Wednesday, most investors saw Dubai as an attractive tourist destination, a regional financial centre and an example of what bold and visionary leadership can achieve. 29 Nov 2009 Tim Clark, president of Emirates Group, has said the Dubai business community is "shocked" by the financial crisis. 29 Nov 2009 Neelie Kroes, the outgoing EU Competition Commissioner, has called for banks to repay governments as quickly as possible to remove the risk of government default. 28 Nov 2009Economics
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Sunday, 29 November 2009
Posted by Britannia Radio at 08:07