Fresh fears over the size of Dubai’s debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country’s largest conglomerate, wants to suspend payment on its sixty billion dollar debts until next May at the earliest. rt’s financial contributor Max Keiser says the World is entering the Phase Two of the global economic crisis.
Posted March 12th, 2010 by admin
Posted March 12th, 2010 by admin
A pictorial view of the amazing development of Dubai. From desert, to oil, to resorts rivaling if not exceeding that of Disney, Dubai is home to the most innovative development in the world. When in Tampa, visit us at: www.tampa-mls.com http erich.mfr.mlxchange.com In Northern Virginia www.northern-virginia-real-estate-guide.com
Posted March 12th, 2010 by admin
DISCLAIMER: this video is not mine Subscribe now to keep updated on the latest developments. The property bubble in Dubai, the business hub of the United Arab Emirates, is bursting as investors start to dump assets. The current financial crisis which has resulted in scarce credit and slumping oil prices has forced international financiers to dump assets in Dubai city. “If the property industry collapses in Dubai, it will be finished. Dubai’s relative autonomy will come to an abrupt end,” added Davidson, the author of “Dubai: The Vulnerability of Success. He added that Dubai’s push into luxury property developments was a mere diversification on “paper sand”.
Posted March 11th, 2010 by admin
An excellent Dubai environment and infrastructure for businesses from around the world to set up their local, regional and international headquarters located next to Downtown Dubai. Video shows you wonderful views of the following Dubai properties: Business Tower, Capital Bay, Commercial Square, Executive Bay, Executive Suites, La Residence 2 at Lotus, La Residence at Lotus, Park Central, The Corner, Water´s Edge and XL Tower. – created at www.beeyoot.com
Posted March 11th, 2010 by admin
Dubai’s chief of police says an 11-member hit squad carrying European passports was responsible for last month’s murder of a prominent Hamas member. Mahmud al-Mabhuh was found dead in his luxury hotel room. Police have said they will issue arrest warrants soon. Two Palestinians suspected of providing logistical support have also been detained. Al Jazeera’s Ayman Mohyeldin reports from Gaza. (Feb 16, 2010)
