AOL News is joining forces with The Huffington Post to bring you the best original reporting, insight and opinion on the web. Join HuffPost Social News using your AOL account!

Dubai World News

Dubai World News From AOL News

Will The Sun Never Set on Dubai's Debt?

By Joseph SchumanNov 30th 2009 – 4:45PM

(Nov. 30) -- There may be something in the financial woes of a Persian Gulf emirate that prompts gloating in the West, some latent ill will, perhaps, that dates from the oil shocks of the early 1970s. But the meltdown in Dubai, now shaking markets worldwide, is as American as a subprime mortgage loan and potentially just...

Dubai World News From AOL

AOL MONEY & FINANCE

Dubai shipbuilder turns to court on debt deal

By Adam Schreck Apr 02nd 2012 - 05:46AM

DUBAI, United Arab Emirates -Dubai's shipyard operator DryDocks World has filed a claim with a special tribunal in the city-state as part of an effort to push forward its $2.2 billion debt restructuring.

AOL MONEY & FINANCE

Dubai ruler's firm said to have bigger debt woes

By ADAM SCHRECK AP posted: 9:07 AM 04/19/11 Apr 19th 2011 - 09:21AM

DUBAI, United Arab Emirates -Struggling state conglomerate Dubai World has signed a final agreement with creditors to restructure billions of dollars in debt, the city-state's government said Wednesday.

Background on Dubai World

Dubai World () is an investment company that manages and supervises a portfolio of businesses and projects for the Dubai government across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading.

more at wikipedia »