Topic: UAE Markets
All Content
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After Dubai World debt panic, UAE guarantees all bank deposits
The United Arab Emirates central bank guaranteed all deposits in the banking system Sunday, seeking to calm markets made nervous by Dubai World's debt payment crisis. Asian markets rose Monday on the news.
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Why debt at Dubai World is shaking world financial markets
As conglomerate Dubai World delays debt payments, most analysts look for Arab Monetary Fund to step in to avert a crisis in financial markets. That's not likely, though, until Sunday.
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Dow loses 154 amid Dubai World woes, but it could have been worse
A sell-off on Friday drove Dow down 154 points, as traders took stock of postponed debt payment at conglomerate Dubai World.
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