Archive for December, 2009

Dubai shares fall

Dubai shares have had a torrid time since Dubai World said 10 days ago it wanted to stall payments to creditors.They finished Monday trading at their lowest level since 22 July.

Real estate and banking shares were particularly hard hit, with investors still concerned about the financial sector’s exposure to Dubai World’s debt.

Dubai World has some valuable assets, notably its ports business, which stretches to every continent in the world, including London’s Tilbury Docks and France’s Le Havre.

Other items in its wide-ranging investment portfolio include the luxury retailer Barney’s of New York, a list of high-end US hotels, and the Canadian acrobatic circus franchise, Cirque du Soleil.


courtesy Peter Brookes

Real Reason of Crash

Real Reason of Crash

National Day

hamdan The national day is celeberated in across the UAE today,. A parade was organized at Down Town Burj Dubai, Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, witnessed the event, which started with a rendition of the UAE national anthem

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