Sunday, 29 November 2009

Economics

The latest news, analysis and comment on the UK and global economy.

LATEST ECONOMICS NEWS

Abu Dhabi will not race to Dubai's rescue

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

A tale of two desert dynasties

At the epicentre of the Dubai crisis, the emirate's ruling Al-Maktoum family is a powerful and mysterious dynasty.

29 Nov 2009

Dubai: an emirate in crisis

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

Dubai: what the immediate future holds

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

Emirates Group boss says Dubai business world 'in shock'

Tim Clark, president of Emirates Group, has said the Dubai business community is "shocked" by the financial crisis.

29 Nov 2009

Neelie Kroes says rising state debt a 'time-bomb'

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 2009