dubai

Will the Middle East provide an opportunity for China to push forward the internationalisation goal for its currency? Experts say it’s happening, but all too slowly.

The introduction of the framework provides clarity and certainty to operators in the space, while offering a model for other global regulators to emulate.

Dubai’s new crypto-friendly regulation has drawn Bybit and its peer, Crypto.com, to the emirate.

One year on, Bob McMillen of MAC Capital gives his views on how Dubai has coped with the crisis, and how it is emerging again.

Dubai WorldÆs request to restructure its debt is likely to reshape the understanding among investors and issuers of who holds the upper hand when it comes to bond-like sukuk.

Asia appears relatively immune from DubaiÆs debt problems, while Dubai World says less than half the amount of debt initially believed to be affected is included under the standstill agreement.

The Dubai governmentÆs request for a standstill on Dubai World debt could be the beginning of a sovereign default.

The UAE wants to provide more jobs for locals but it needs foreign labour to continue growing.

The UAEÆs sound long-term potential will help revive real estate investments after the financial crisis eases and spending resumes.