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A world-beater carried away by its success
Much of the optimism surrounding Dubai in recent months had rested on the assumption that it was embarking on a serious restructuring of its businesses and would meet its debt obligations
Dubai defends move after confusion
A lack of nformation about Dubai’s flagship government-owned holding company, made worse by a religious holiday in the Middle East, prompted indiscriminate selling of stocks linked to the region
Ruler’s role under close scrutiny
As the effects of the economic crisis rattle Dubai’s foundations, the hands-on style of leadership Sheikh Mohammed bin Rashid al-Maktoum is being examined like never before
Hajj climax marked by 3m worshippers
The Muslim pilgramage this year has taken place amid tensions between Sunni-majority Saudi Arabia and Shia-majority Iran
Insight: Dubai has a lot of explaining to do
The decision to ask bondholders of Dubai World to extend maturities from December to May 2010 was a bombshell and the emirate will pay the price for a long time to come
Opinion: Dubai gambles with its financial reputation
The government’s decision to postpone debt repayments could make the emirate’s rivals more attractive, persuading international companies to decamp to Doha or Abu Dhabi, writes Jim Krane
Editorial Comment: A breathtaking blunder in Dubai
With the grenade Dubai has just lobbed into the capital markets by calling for a six-month creditor standstill for its flagship Dubai World holding company, its action looks like either a serious misjudgment or, more likely, a breathtaking cock-up
Confidence knocked in tarnished region
Investors had traditionally accepted implicit guarantees that Gulf governments would not allow a related entity to default on its debt
Ahmadi-Nejad’s welcome stirs US concern
A visit to Venezuela by Mahmoud Ahmadi-Nejad, Iran’s president, underscored a growing friendship between two of the most savage critics of the US
Netanyahu offers freeze on settlements
Israel’s prime minister announces a 10-month halt to residential building in the West Bank, in a move that follows months of US pressure but falls far short of Palestinian hopes
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
