Arabian Delights: Recipes & Princely Entertaining Ideas from the Arabian Peninsula (Capital Lifestyle Books)
Peston's Picks (Free subscription) | 4 hours ago
As Stephanie Flanders has pointed out , there is no serious direct threat to the health of the global financial system from the inability of Dubai World to keep up the payments on $22bn of debt. Even if all these loans had to be written off - and it's entirely possible that write-offs will be zero - those losses can be absorbed by banks and other lenders. In the UK, for example, the Financial Services...
News: News blog | guardian.co.uk (Free subscription) | 9 hours ago
Stock markets around the world are still reeling from the announcement that Dubai World will suspend repaying $35bn of its debts for six months. Dubai has become synonymous with excess in the last few years – is it now on the brink of a spectacular fall? Follow developments here, and email adam.gabbatt@guardian.co.uk 11.22am: Dubai's announcement on Wednesday caused chaos in the markets, with...
Obnoxio The Clown (Free subscription) | 11 hours ago
But it's not what you think. You need to go lay your hands on some K-Y Jelly : Dubai’s successful but hideous entrepot model depends on the confidence capital markets, and as a rule markets don’t react to nasty shocks with a shake of the head and a song and dance routine. It’s as if plague has descended on every stock exchange in the world; investors are fleeing for safety. Overnight,...
BBC NEWS | Stephanomics (Free subscription) | 7 hours ago
The smart money is still saying that Dubai is a sideshow. Fears of a "new financial meltdown" as a result of what amounts to a family feud in the United Arab Emirates look seriously overdone. Especially since it is Nakheel Construction that has asked for a standstill, not the whole of Dubai World. But as Argentina, LTCM and Hong Kong all learned after Russia defaulted on its debt in 1998...
Slugger O'Toole (Free subscription) | 9 hours ago
This question was raised every day by my colleagues in Seanad Eireann and in a stormy Dail debate. It referred to the Government commitment of €10 million to deal with the devastating floods that destroyed large parts of Ireland. Why so little? The deserts and sky rise cities of Dubai have literally nothing in common with the ruined homes in Athlone, Carrick on Shannon and Ennis. But some of the...
Not a sheep (Free subscription) | 7 hours ago
A few weeks back I blogged about the Saudi's military incursions into northern Yemen and the almost total lack of interest shown by the world's media. This of course contrasts with the forensic examination of any military activity undertaken by Israel. The BBC happily reported at the time that: "Saudi Arabia has insisted its forces only attacked Yemeni rebel positions on Saudi territory, according...
BBC News (Free subscription) | 10 hours ago
As the economic slump catches up with the United Arab Emirates, expert Dr Christoper Davidson of Durham University answers key questions on Dubai's financial woes.
The Observer (Free subscription) | 11 hours ago
• FTSE 100 opens down 70 points before regaining ground • Japan's Nikkei closes down 3.2%; Hang Seng falls 5.3% The Dubai financial crisis continued to send shares and commodities falling around the world this morning, despite efforts by the emirate's ruling family to calm the panic. In London, the FTSE 100 tumbled by 70 points, or nearly 1.4%, to 5123 when trading began – but by 9.15am...
The Guardian (Free subscription) | 4 hours ago
• Company's plan involving Qadbak Investments collapses • Confirmation depends on Sauber being granted place for 2010 BMW has agreed to sell its Formula One team back to its founder Peter Sauber after four years of ownership, changing its mind over an original plan to conclude a sale with Qadbak Investments, the company which served as a vehicle for the purchase of the Football League club...
Armies of Liberation (Free subscription) | 5 hours ago
Video here and another here. I wonder how much of that (and I know nothing of weapons) is of US origin. The Saudis are using F15s and Apaches.The rebels have alleged that some of the strikes hit civilians. The Saudis have forceably returned Yemeni civilians fleeing the violence across the border back to [...]
Google News - Top Stories (Free subscription) | 9 hours ago
World News Muslims cast stones on 3rd day of hajj, open Eid The Associated Press MINA, Saudi Arabia — Pilgrims are casting stones at walls representing the devil on the third day of the annual hajj as Muslims begin Eid al-Adha, one of the most important holidays of the Islamic calendar. The approximately 3 million pilgrims filed ... Eid al-Adha holiday means traveling for Muslims RocNow Minnesota...
BBC News (Free subscription) | 9 hours ago
Nine Saudi soldiers have been captured during fighting with Houthi rebels in northern Yemen, the insurgents say.
MyDD (Free subscription) | 12 hours ago
The government of the Emirate of Dubai, one of the seven emirates that makes up the United Arab Emirates, stunned global financial markets with the news that it was asking banks to allow its main investment vehicle, Dubai World , to suspend its debt repayments for six months. The news sent stock markets tumbling across Asia and Europe with indices shedding about 3%. Markets were closed across the...
Google News - Top Stories (Free subscription) | 3 hours ago
CBC.ca Muslims Gather in Numbers to Celebrate the Hajj ABC News Muslim pilgrims on their way to throw pebbles at a stone pillar representing the devil, during the Hajj pilgrim in Mina near Mecca, Saudi Arabia, Friday, Nov. 27, 2009. The last stage of the annual Hajj pilgrimage, the symbolic stoning of the devil, ... Egyptians gear up for Eid al-Adha BBC News Muslims cast stones on 3rd day of hajj...
Google News - Top Stories (Free subscription) | 3 hours ago
ABC News Abu Dhabi Gets Pressure on Dubai Wall Street Journal DUBAI—Pressure mounted on oil-rich Abu Dhabi to step in with financial support for Dubai after fears of a debt default by one of its state-owned conglomerates hit stock markets in Asia and Europe. The UAE is a federation of seven sheikdoms including ... Crude Oil Futures Tumble to Six-Week Low on Dubai Debt Crisis Bloomberg TOPWRAP...
The 3 latest articles published by users on Arabian Peninsula :
staffjam | yesterday
A detailed look at the largest Oil Companies, how they operate and who the major players in the field are. The Oil Companies take a lot of Flak, but are they as bad as you think? Companies like ExxonMobil, Chevron, BP and Royal Dutch Shell now produce only 10% of the world's oil and gas and hold a mere 3% of its reserves....
mamun2336 | 12/11/2009
Watch and Enjoy here Pak vs NZ live at Abu Dhabi 2009. Today 12th Nov. 1st T20 match between Pakistan vs New Zealand live score, Free Match Coverage and time to time update news, results and highlights at Abu Dhabi. Test/Odi’s European Union Test Series and all ODI’s . Pakistan vs New Zealand Match scheduled: DATE:Sun 12 Nov 2009 TIME: 17:00 CET Pakistan vs New Zealand at Abu Dhabi , 1st T20
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traimi | 27/09/2009
Power could be shifting at Volkswagen’s supervisory board as new shareholder Qatar is getting at least one seat. A source said that Qatar will have one seat at the regular supervisory meeting in spring 2010 but in the medium term it could get a second one.
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