Dubai World ‘wins’ $23.5

Posted in Global Finance, IMF on 20. May, 2010

DUBAI: Dubai World won support for its $23.5 billion restructuring plan from leading lenders Thursday, giving some relief to the heavily indebted Arab sheikdom whose credit crisis sparked fears across the globe. The state-owned company, which sits at the heart of Dubai’s more than $100 billion debt pile, said a coordinating committee representing about 60 [...]

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Arab traders to calculate risks-Wall Street

Posted in Global Finance on 20. May, 2010

raders in the Middle East need to shift down a gear and better calculate risks when engaging in currency trade, popular Wall Street broker and online analyst Todd Gordon told an audience of trading enthusiasts who attended the Forex Trading Expo at Beirut’s Habtoor Hotel Thursday. “You guys in the Middle East tend to be [...]

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