Author Archives: Natacha Tannous

The world isn’t sinking

The world isn’t sinking

Reading Time: 3 minutes After four months of anxious waiting, the Government of Dubai, along with government-owned conglomerate Dubai World and real estate subsidiary Nakheel, released official statements on March 25 regarding the restructuring of billions of dollars in debt and the reorganization of both companies.   The emirate stated that it intends to support the debt restructuring plans

Sprinting from the storm

Reading Time: < 1 minute Once a hurricane passes, those left in its wake assess the damage, pick up the pieces and look ahead to how best to get on with life. The first quarter of 2010 was akin to such a moment for the six biggest United Arab Emirate banks, unbattening their hatches as the financial storms of 2009