The debt problems of troubled Dubai World look set to ease slightly, as HSBC Holdings, Standard Chartered, Lloyds Banking Group and Royal Bank of Scotland seemingly appear keen to reschedule the organisation’s debt. According to a report in Dubai’s Al Bayan newspaper, the four banks will be meeting later on this month, to discuss the [...]
dubai
Share prices fall due to Dubai debt problems
Debt problems are nothing new to us in these times, however, there are new concerns in the stock markets across Europe courtesy of Dubai. Dubai is a country associated with extreme wealth due to oil and hyper-tourism, but in recent times, many of the luxurious properties built by state-owned companies such as Dubai World have [...]
