Abu Dhabi feeds Dubai $10 billion to cover debt on deadline, calming financial worries for now DUBAI, United Arab Emirates (AP) — Oil-rich Abu Dhabi pumped $10 billion into its indebted neighbor Monday, sending stocks soaring while sparing Dubai and the rest of the Emirates federat…
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India’s links to Dubai, and the UAE – Must read
Posted on: November 30th 2009 in Market News.
India’s links to Dubai, and the UAE 11% of Gulf capital flows between in past few years headed to Asia Indian are 40% of UAE’s population; forming 10-12% of India’s inward remittances. 31% of the 5.3m Indians in the Gulf are in UAE. UAE forms 8% of India’s non-oil exports and …
Euro Stocks Slide; Dubai Worries Hit Banks
Posted on: November 26th 2009 in Market News.
By: Reuters European shares fell sharply on Thursday, hurt by debt problems in Dubai that sent bank stocks lower while commodity shares slipped on weaker crude and metals prices. France’s CAC and Germany’s DAX were down 1.7 and 1.8 percent respectively. Britain’s FTSE …
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