Sunday, November 29, 2009

UAE central bank vows to honour Dubai's debts - guardian.co.uk

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UAE central bank vows to honour Dubai's debts
guardian.co.uk
The QE2 liner and the Turnberry golf course are also set to be released. Dubai sources suggest that Sheikh Mohammed bin Rashid al-Makhtoum, vice-president ...

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Saturday, November 28, 2009

UAE to back banks amid Dubai meltdown - Ireland Online

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UAE to back banks amid Dubai meltdown
Ireland Online
Other assets swept up by Dubai's network of sovereign wealth and investment firms include the QE2 cruise liner, the Emirates airline and the Travelodge ...

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Dubai World refuses to sell assets cheaply: report - France24

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Dubai World refuses to sell assets cheaply: report
France24
Emirati men walk past the Queen Elizabeth 2 (QE2) cruise liner as it rests in port in Dubai in 2008. Dubai World, the heavily indebted United Arab Emirates ...

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QE2 sale on the cards for troubled Dubai World? - Hotelier Middle East

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QE2 sale on the cards for troubled Dubai World?
Hotelier Middle East
Stricken conglomerate Dubai World may be forced to sell several of its assets to appease its lenders — including the QE2 ship ...

Abu Dhabi works on rescue deal - The Press Association

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Abu Dhabi works on rescue deal
The Press Association
But other assets swept up by Dubai's network of sovereign wealth and investment firms in the boom years included the QE2 cruise liner, the Emirates airline ...

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Oasis of the Seas: the ship that mistook itself for a city state - guardian.co.uk

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guardian.co.uk

Oasis of the Seas: the ship that mistook itself for a city state
guardian.co.uk
I decide the Oasis, which sails out of southern Florida, is partly a tribute to XXXL, the American god of girth (although the cruise ship is 17 decks high ...

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Dubai: Just deserts - Times Online

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Dubai: Just deserts
Times Online
It recently bought Barney's, the upscale US department store, the QE2 cruise ship, Madame Tussauds and Turnberry golf course in Scotland. ...

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Abu Dhabi rides in to rescue Dubai - Times Online

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Times Online

Abu Dhabi rides in to rescue Dubai
Times Online
The bankers drafted in this weekend to advise Dubai say they now expect a speedy sale of some of its most high-profile assets, such as the QE2 cruise liner ...

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How Dubai's dream sank in a sea of debt - Times Online

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Times Online

How Dubai's dream sank in a sea of debt
Times Online
It bought the Turnberry golf course in South Ayrshire and paid £50m for the QE2 liner. It sought luxury hotels to add to its portfolio, ...

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Friday, November 27, 2009

BUY, BUY, DUBAI'S £36BN CRISIS SALE - Mirror.co.uk

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BUY, BUY, DUBAI'S £36BN CRISIS SALE
Mirror.co.uk
Luxury cruise liner the QE2 could be one of debtladen Dubai's first trophy assets to be put up for sale. ...

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SELL-OFF THREAT TO TOP ATTRACTIONS - UK Express

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SELL-OFF THREAT TO TOP ATTRACTIONS
UK Express
Dubai investors also bought the QE2 cruise liner for £50million to turn into a floating hotel moored off the emirate's Palm Islands complex. The ship is ...

Rothschild appointed to help sell Dubai World assets - Telegraph.co.uk

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Rothschild appointed to help sell Dubai World assets
Telegraph.co.uk
The team is tasked with assessing the group's assets, which is likely to result in a large scale sell-off of assets as varied as the QE2 cruise liner; ...

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Dubai World to face assets review - UPI.com

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Dubai World to face assets review
UPI.com
"The QE2 is one of them. It's part of the restructuring process, though it's too early to say whether there's any sale in mind." In addition to owning the ...

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Has Dubai gone bust? - GlobalPost

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Has Dubai gone bust?
GlobalPost
... that includes the famous Turnberry golf course in Scotland, Barneys clothing store, the QE2 cruise ship and a 20 percent stake in Cirque du Soleil.

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Thursday, November 26, 2009

Dubai may sell QE2 to tackle debt crisis - Telegraph.co.uk

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Telegraph.co.uk

Dubai may sell QE2 to tackle debt crisis
Telegraph.co.uk
The Queen Elizabeth II, the world's favourite cruise liner which was bought by Dubai World's subsidiary Nakheel to be turned into a floating hotel, ...

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