In a bid to re-jig embattled real estate company Nakheel Holdings, Dubai World is moving senior staff and assets, including the W Hotel in Washington, to sister company Istithmar World.
2 min read · 05 January 2013
Sheikh Mohammed bin Rashid Al Maktoum, the ruler of the Dubai, has created a Dubai Government Media Office to handle PR for the emirate. The move follows strong criticism of the handling of the Dubai World debt crisis.
2 min read · 05 January 2013
Former Istithmar managing director Richard Johnson has resigned from his post as the chief executive officer of a jointly managed real estate fund by his old employer and current employer Standard Chartered.
2 min read · 05 January 2013
Abu Dhabi has committed $10 billion to help neighbouring Dubai meet is debt obligations, including its $4.1 billion Islamic bond, which matured today.
2 min read · 05 January 2013
David Jackson has resigned just over one month after the embattled state-owned conglomerate underlined its support for the company.
2 min read · 05 January 2013
How the market reacted to Dubai World's decision to seek a six-month standstill on its debt. PERE Magazine December 2009-January 2010 issue
3 min read · 05 January 2013
Shares in Dubai-based Emaar Properties surged by nearly 15 percent, their highest rise in more than a year, on the news that it has blocked its proposed merger with real estate companies controlled by conglomerate Dubai Holdings.
2 min read · 05 January 2013
The state-owned ports and real estate conglomerate at the centre of Dubai’s current economic crisis has announced it is focusing the restructuring of its debt obligations towards itself and its real estate subsidiaries Nakheel and Limitless. It also confirmed that asset sales could form part of the process.
2 min read · 05 January 2013
In a statement released today, Abdulrahman al-Saleh, director general of Dubai’s department of finance, distanced the financial position of the state from the debts of Dubai World, a ports and real estate investment conglomerate it owns.
2 min read · 05 January 2013
AEP Investment Management, the Singapore-based real estate investment management firm, has co-launched a global investment company aimed at buying data centres with Keppel Telecommunications & Transportation
1 min read · 05 January 2013
