Dubai to allow public equity in state-run cos

The Dubai government said it is planning to open leading Dubai-owned companies for public equity participation in order to restructure those hit hard by the financial crisis. Shaikh Ahmad Bin......

Dubai govt to pump $9.5 bn in Dubai World

The Dubai government will pump in $9.5 billion into the debt-laden conglomerate Dubai World, which submitted its plan to restructure debt worth $23.5 billion to its creditors. As part of its......

Abu Dhabi gives Dubai $10 billion to cover debt

The Dubai government said on Monday that Abu Dhabi has agreed to give $10 billion in emergency funds that will go toward paying debts owed by its Dubai World conglomerate. It said $4.1 billion of......

Dubai govt to pump in resources to beat crisis

The Dubai government on Friday promised to pump in all necessary resources to ensure long-term success of Dubai World, even as the state-owned investment holding firm's huge debts adversely......