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Signs of contagion as Egypt’s stocks suffer
Investors have been weighing up the implications for the region in terms of reputational damage, the impact on equity markets and the potential for international credit lines
Investors tear up old rules on behaviour
Emerging market bonds from China and Brazil have seen inflows as investors treat them as havens because of their healthier public finances, while the Greek and Irish debt markets have been sold off
Anger within emirate levelled at leadership
Some locals are blaming the emirate’s leadership while the UAE’s media have fallen back on a ruse familiar in other Arab countries – blaming their counterparts in the west for provoking it
Blair explored Iraq military options in June 2002
Tony Blair asked for secret military options against Saddam Hussein to be prepared in June 2002, five months before a United Nations resolution was agreed to disarm Iraq, the Chilcot inquiry hears
Dubai rejects guarantee for Dubai World
In its first public comments since a crisis erupted over the liabilities of its public companies, Dubai’s department of finance has clarified that it will not guarantee the debts of Dubai World, a state-owned entity
UAE push to head off debts damage
The United Arab Emirates stepped in to shore up its banks and head off any potential capital flight as the nation’s federal authorities attempted to counter concerns over Dubai’s debt problems
Iran plans to build 10 enrichment plants
Iran said it was dramatically expanding its nuclear programme, in a move that raises the stakes in the international dispute over the programme and which could further inflame tensions in the Middle East
Global Insight: Dubai’s neighbours are wary
Until the UAE sorts out Dubai World, Abu Dhabi – and much of the rest of the region – will try to limit the tremors unleashed by the crisis and hope that investors will not confuse Dubai with the generally healthier state of other Gulf economies
Reviving bond market hit
Dubai’s call for a debt standstill has caused uncertainty over the possible default of the Nakheel bond, the largest in the Islamic market and due to be redeemed next month
UN nuclear agency chastises Iran and paves way for sanctions
The United Nations nuclear watchdog voted to censure Iran over its nuclear programme in a move that could pave the way for UN sanctions against Tehran in the new year...
Related content and features
Comment
Atonement for Dubai excess
Executives have lost their jobs amid pressure for a return to a more conservative style, says Simeon Kerr
Viewpoint
Use Gulf oil wealth prudently
Revenues should be invested effectively to ensure long-term economic development, says Andrew Cunningham
Markets Watch
Qatar diversifies with bond issue
The country issuing the largest emerging market bond issue could have borrowed more, writes Robin Wigglesworth
