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QE2’s Dubai Owners Deny Plans to Sell Ship (New York Times)
Published:Mon, 09 Mar 2009 11:25:37 GMT  
The Dubai developer that bought the QE2 says it remains committed to renovating the British cruise ship. State-owned Nakheel has been hounded by press and blog speculation that it may shelve plans to turn the storied ocean liner into a luxury hotel because of a lack of funds....

Dubai property boom hits the wall (BBC News)
Published:Mon, 09 Mar 2009 15:55:53 GMT  
More than half of property projects in Dubai due for completion by 2012 have been put on hold, a study says....

Dubai Prosecution Wants ‘Toughest Penalty’ for Ex-Bank Managers (Bloomberg)
Published:Mon, 09 Mar 2009 15:29:53 GMT  
March 9 (Bloomberg) -- Dubai’s Public Prosecution office demanded the “toughest penalty” for two former managers of Dubai Islamic Bank PJSC accused of taking bribes to help steal $503 million from the lender....

Dubai Islamic Bank Made $135 Million Provision for ‘Plantation’ (Bloomberg)
Published:Mon, 09 Mar 2009 13:59:37 GMT  
March 9 (Bloomberg) -- Dubai Islamic Bank PJSC , the United Arab Emirates’ biggest Islamic bank, set aside 496 million dirham ($135 million) last year to cover potential losses related to a person identified only as “CCH” and The Plantation project....

Slump: Tourists turning away from Dubai hotels (News.com.au Travel)
Published:Mon, 09 Mar 2009 21:03:00 GMT  
HOTEL occupancy rates in Dubai dropped to 79 percent in 2008, the lowest level since 2004, with the economic crisis hitting hard....

Seven charged over alleged $501m Dubai fraud (Financial Times)
Published:Mon, 09 Mar 2009 23:39:31 GMT  
Dubai’s public prosecution has charged seven businessmen with crimes related to an alleged scheme to defraud Dubai Islamic Bank of $501m, official records show....

Arabtec, Dubai’s Biggest Builder, Jumps as Developers Pay Bills (Bloomberg)
Published:Mon, 09 Mar 2009 09:14:51 GMT  
March 9 (Bloomberg) -- Arabtec Holding Co. climbed as much as 13 percent after Dubai’s biggest construction company said it received almost all outstanding payments up to December 2008 from developers, a sign that last month’s $10 billion government bond is helping to ease cash flow in the emirate....

Report: Dubai hotels at emptiest level in 5 years (AP via Yahoo! Finance)
Published:Mon, 09 Mar 2009 09:41:38 GMT  
New research shows Dubai's hotels are emptier now than at any time in the past half decade because of a slump in visitors and an increased number of rooms....

Arlington track supervisor accepts position at Dubai (Daily Herald)
Published:Mon, 09 Mar 2009 17:00:56 GMT  
Longtime track superintendent Javier Barajas is leaving Arlington Park to accept a position with the Dubai Racing Club....
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News Headlines
QE2’s Dubai Owners Deny Plans to Sell...
Published:Mon, 09 Mar 2009 11:25:37 GMT
The Dubai developer that bought the QE2 says it remains committed to renovating the British cruise ship. State-owned Nakheel has been hounded by press and blog speculation that it......
Dubai property boom hits the wall (BBC ...
Published:Mon, 09 Mar 2009 15:55:53 GMT
More than half of property projects in Dubai due for completion by 2012 have been put on hold, a study says.......
Dubai Prosecution Wants ‘Toughest Pen...
Published:Mon, 09 Mar 2009 15:29:53 GMT
March 9 (Bloomberg) -- Dubai’s Public Prosecution office demanded the “toughest penalty” for two former managers of Dubai Islamic Bank PJSC accused of taking bribes to help ......
Dubai Islamic Bank Made $135 Million Pr...
Published:Mon, 09 Mar 2009 13:59:37 GMT
March 9 (Bloomberg) -- Dubai Islamic Bank PJSC , the United Arab Emirates’ biggest Islamic bank, set aside 496 million dirham ($135 million) last year to cover potential losses ......
Slump: Tourists turning away from Dubai...
Published:Mon, 09 Mar 2009 21:03:00 GMT
HOTEL occupancy rates in Dubai dropped to 79 percent in 2008, the lowest level since 2004, with the economic crisis hitting hard.......
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