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	<title>7StarsDubai</title>
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	<description>Dubai Real Estate - Property News - Investment Dubai - International Press</description>
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		<title>Sheikh Mohammed issued tough penalties for fraud &#8211; bringing confidence back to Dubai</title>
		<link>http://7starsdubai.wordpress.com/2009/12/30/dubai-tougher-penalties-for-fraud/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/30/dubai-tougher-penalties-for-fraud/#comments</comments>
		<pubDate>Wed, 30 Dec 2009 00:45:34 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>

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		<description><![CDATA[original source sheikhmohammed.com
The law is effective immidiately and will be published in the official gazette.
more:&#160; www.sheikhmohammed.com
read also: KhaleejTimesOnline&#160;&#160; &#8220;Anti-fraud Law Made Tougher&#8221;

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		<title>Terror suspect studied in Dubai</title>
		<link>http://7starsdubai.wordpress.com/2009/12/27/christmas-airline-bomber-studied-in-dubai/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/27/christmas-airline-bomber-studied-in-dubai/#comments</comments>
		<pubDate>Sun, 27 Dec 2009 02:42:27 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/27/christmas-airline-bomber-studied-in-dubai/</guid>
		<description><![CDATA[original source CNNTee man charged with attempting to destroy a U.S. airliner on Friday isthe son of prominent Nigerian banker and had been a college student inBritain before moving to Dubai, according to family and officialsources.read more
further reports:
Washington Post
New York Times

     

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		<title>Dubai World is expected to make a formal request for debt standstill</title>
		<link>http://7starsdubai.wordpress.com/2009/12/20/dubai-world-request-for-debt-standstill-december-2009/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/20/dubai-world-request-for-debt-standstill-december-2009/#comments</comments>
		<pubDate>Sun, 20 Dec 2009 02:18:51 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[Duai World]]></category>
		<category><![CDATA[Dubai Financila Crisis]]></category>

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		<description><![CDATA[source Kippreport
Dubai World, a government-owned conglomerate, is expected to make a formal request for a debt standstill on $26 billion at a creditor’s meeting on Monday, reports Reuters. Bankers tell the news agency it could take over a month for the request to be approved.
“You can’t bet on it, because anything could happen; it could [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3692&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Dubai Fraud Trial &#8211; Lawyer asked the court to subpoena Hussein Sajwani, the owner of Damac Properties</title>
		<link>http://7starsdubai.wordpress.com/2009/12/18/dubai-fraud-trial-damac/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/18/dubai-fraud-trial-damac/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 20:39:40 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Corruption Dubai]]></category>
		<category><![CDATA[Crime Dubai]]></category>
		<category><![CDATA[Damac Dubai]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Nakheel]]></category>
		<category><![CDATA[Dubai Court]]></category>
		<category><![CDATA[Sama Dubai]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/18/dubai-fraud-trial-damac/</guid>
		<description><![CDATA[originaL source The National
DUBAI // Defence lawyers in the Sama Dubai fraud trial tried to use the fallout from the recent restructuring of Dubai World to make their case to the Appeals Court yesterday that their client should not be tried as a public official.
AM, 42, an Emirati and former senior executive at Sama Dubai, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3682&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Who is carrying the risk &#8211; Dubai’s unfinished construction projects is in the hundreds of billions of dollars</title>
		<link>http://7starsdubai.wordpress.com/2009/12/18/dubai-unfinished-projects-worth-400-billion-dollar/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/18/dubai-unfinished-projects-worth-400-billion-dollar/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 23:14:00 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Cancelled Projects]]></category>
		<category><![CDATA[Dubai Government]]></category>
		<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[Dubai developer]]></category>
		<category><![CDATA[Ebony Ivory Tower Jumeirah Lake Towers]]></category>
		<category><![CDATA[Immobilen Probleme Dubai]]></category>
		<category><![CDATA[dubai financial crisis]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Property debts Dubai]]></category>
		<category><![CDATA[Property Investment Dubai]]></category>
		<category><![CDATA[real estate dubai]]></category>
		<category><![CDATA[unfinished property Dubai]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/18/dubai-unfinished-projects-worth-400-billion-dollar/</guid>
		<description><![CDATA[extract of original TheDailyMarverick
Some say the sum for Dubai’s unfinished construction projects is 400 billions of dollars , so who is carrying the risk? 
Multiple reports state that Abu Dhabi will &#8220;pick and choose&#8221; how to assist Dubai. 
As capital of the United Arab Emirates and home to the central bank that feeds the cluster [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3679&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Dubai &#8211; Abu Dhabi Last Minute Agreement</title>
		<link>http://7starsdubai.wordpress.com/2009/12/15/dubai-abu-dhabi-last-minute-agreement/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/15/dubai-abu-dhabi-last-minute-agreement/#comments</comments>
		<pubDate>Tue, 15 Dec 2009 17:24:37 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai property Debts]]></category>
		<category><![CDATA[Islamic Bonds]]></category>
		<category><![CDATA[Nakheel]]></category>
		<category><![CDATA[Sukuk]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/?p=3681</guid>
		<description><![CDATA[source Zawya
For more than two weeks there was little word from Abu Dhabi, even as fears over Dubai&#8217;s debt travails wiped billions of dollars off regional stock markets and bankers warned about the contagion effect.
Yet many investors had bet on the United Arab Emirates&#8217; oil-rich capital being Dubai&#8217;s lender of last resort. Abu Dhabi&#8217;s silence [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3681&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Outlook in concrete- Dubai World `s obligations and Debts</title>
		<link>http://7starsdubai.wordpress.com/2009/12/14/dubai-debts-in-concrete/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/14/dubai-debts-in-concrete/#comments</comments>
		<pubDate>Sun, 13 Dec 2009 22:17:24 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Nakheel]]></category>

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		<description><![CDATA[original source Blogs The National by Wayne Arnold
            In response to queries, I&#8217;m revisiting an earlier post: &#8220;Reports of my debt have been greatly exaggerated,&#8221; in which I posted estimates of Dubai World&#8217;s real debts after its revelation that it had $59 billion in [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3677&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>D-day for Nakheel Dubai &#8211; December 28 is the final cut off point</title>
		<link>http://7starsdubai.wordpress.com/2009/12/13/dubai-world-and-nakheel-deadline-for-sukuk-debts/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/13/dubai-world-and-nakheel-deadline-for-sukuk-debts/#comments</comments>
		<pubDate>Sun, 13 Dec 2009 18:27:54 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai developer]]></category>
		<category><![CDATA[Immobilen Probleme Dubai]]></category>
		<category><![CDATA[Investment Funds Dubai]]></category>
		<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[Nakheel]]></category>
		<category><![CDATA[Sukuk]]></category>
		<category><![CDATA[dubai financial crisis]]></category>
		<category><![CDATA[Debts dubai]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/13/dubai-world-and-nakheel-deadline-for-sukuk-debts/</guid>
		<description><![CDATA[original published by Reuters
DUBAI (Reuters) &#8211; Heavy rain pounded Dubai on Sunday adding to the gloom of the emirate&#8217;s debt woes a day before the deadline of the $3.52 billion bond by state-owned developer Nakheel, with no word on how it will be handled.
Dubai&#8217;s stock market did soar for a second consecutive session on Sunday [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3675&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<item>
		<title>Emirates Airlines debt touches 9,9 Billion US Dollar</title>
		<link>http://7starsdubai.wordpress.com/2009/12/13/emirates-airlines-dubai-billion-debts/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/13/emirates-airlines-dubai-billion-debts/#comments</comments>
		<pubDate>Sat, 12 Dec 2009 23:18:29 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Emirates Ailines]]></category>
		<category><![CDATA[Airbus A380]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[EADS]]></category>
		<category><![CDATA[Emirates Airline]]></category>

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		<description><![CDATA[original source Zawya from GulfNewsFriday, Dec 11, 2009

Dubai Emirates airline&#8217;s gross debt stood at $9.9 billion (Dh36.3 billion) while its net debt as of yesterday rose to $8.2 billion (Dh30 billion) as it raised a further $1.13 billion (Dh4.1 billion) to finance six Airbus A380s, out of 53 ordered.
&#8220;At present we have 141 aircraft in [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3671&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Abu Dhabi &#8211; Sheikh Issa Al Nahyan put on trial</title>
		<link>http://7starsdubai.wordpress.com/2009/12/11/sheikh-issa-al-nahyan-on-trial-in-abu-dhabi-2/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/11/sheikh-issa-al-nahyan-on-trial-in-abu-dhabi-2/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 18:09:35 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[UAE Legal]]></category>
		<category><![CDATA[Criminal Case UAE]]></category>
		<category><![CDATA[Human Rights UAE]]></category>
		<category><![CDATA[Sheikh Issa Al Nahyan]]></category>
		<category><![CDATA[Torture UAE]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/11/sheikh-issa-al-nahyan-on-trial-in-abu-dhabi-2/</guid>
		<description><![CDATA[original source Zawya &#8211; original reported bySimeon Kerr Financial Times
Friday, Dec 11, 2009Abu Dhabi authorities have put on trial Sheikh Issa bin Zayed al-Nahyan, a member of the ruling family caught on tape apparently torturing an Afghan business associate, the Financial Times can reveal.
Sheikh Issa, one of 19 sons of Sheikh Zayed, the founding father [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3665&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Emaar Dubai &#8211; no economic sense in merging with Dubai Holding</title>
		<link>http://7starsdubai.wordpress.com/2009/12/11/emaar-dubai-no-economic-sense-in-merging-with-dubai-holding/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/11/emaar-dubai-no-economic-sense-in-merging-with-dubai-holding/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 00:48:04 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[Dubai Holding]]></category>
		<category><![CDATA[Emaar]]></category>
		<category><![CDATA[Nakheel]]></category>

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		<description><![CDATA[original source Financial Times
Dubai Holding, the conglomerate owned by the emirate&#8217;s ruler, received a blow yesterday when Emaar Properties blocked a proposed merger with its real estate arms. Emaar&#8217;s decision appeared to be a bid to protect itself from the continuing fallout of Dubai&#8217;s debt problems.

Posted in Dubai Tagged: Dubai debts, Dubai Holding, Emaar, Nakheel [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3632&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Dubai`s finance chief blamed the media for spreading &#8220;blind panic&#8221;</title>
		<link>http://7starsdubai.wordpress.com/2009/12/11/dubai-finance-chief-blamed-the-media/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/11/dubai-finance-chief-blamed-the-media/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 00:00:17 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[Dubai Holding]]></category>
		<category><![CDATA[Dubai Media]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Nakheel]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/11/dubai-finance-chief-blamed-the-media/</guid>
		<description><![CDATA[original source maktoob
DUBAI &#8211; Dubai&#8217;s finance chief blamed the media on Thursday for spreading &#8220;blind panic&#8221; about the emirate&#8217;s financial problems as it struggles to deal with more than $80 billion of government and corporate debt.
In a speech to the Dubai School of Government, Abdulrahman Al Saleh, director of Dubai&#8217;s Department of Finance, said the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3628&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Dubai Schulden Albtraum-Szenario &#8211; Dubai World &#8211; Nakheel &#8211; Dewa</title>
		<link>http://7starsdubai.wordpress.com/2009/12/10/dubai-debt-nightmare-scenario-nakheel-dewa-dubai-world/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/10/dubai-debt-nightmare-scenario-nakheel-dewa-dubai-world/#comments</comments>
		<pubDate>Thu, 10 Dec 2009 18:27:43 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[dubai financial crisis]]></category>
		<category><![CDATA[Dewa Dubai]]></category>
		<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[Dubai Holding]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Nakheel]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/10/dubai-debt-nightmare-scenario-nakheel-dewa-dubai-world/</guid>
		<description><![CDATA[original source Handelsblatt Germany
&#8220;Viele Kreditverträge haben eine Klausel über reziproken Verzug: Wenn ein Gläubiger in einem Fall zahlungsunfähig wird, kann er bei all seinen anderen Kredit-Verpflichtungen ebenfalls in die Zahlungsunfähigkeit abrutschen&#8221;, sagte Jawad Ali von der Anwaltskanzlei King &#38; Spalding. Im Klartext: Sollte Nakheel seine Außenstände nicht begleichen, muss die Mutter Dubai World einkalkulieren, dass [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3626&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Debt problems for Dubai may swell</title>
		<link>http://7starsdubai.wordpress.com/2009/12/08/dubai-debt-problmes-swell-dubai-holding-nakheel/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/08/dubai-debt-problmes-swell-dubai-holding-nakheel/#comments</comments>
		<pubDate>Tue, 08 Dec 2009 18:47:15 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[Dubai Holding]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Emaar]]></category>
		<category><![CDATA[Financial Problems Dubai]]></category>
		<category><![CDATA[Nakheel]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/08/dubai-debt-problmes-swell-dubai-holding-nakheel/</guid>
		<description><![CDATA[original source Bloomberg
     Dec. 8 (Bloomberg) &#8212; Debt restructuring by Dubai state-run companies may almost double to $46.7 billion as more of the emirate’s businesses could need help making payments, Morgan Stanley said.     
Dubai Holding LLC, Dubai Holding Commercial Operations Group LLC, Borse Dubai Ltd. and Dubai [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3624&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Dubai Index slumps again</title>
		<link>http://7starsdubai.wordpress.com/2009/12/08/dubai-index-slupms-to-july-low-nakheel-dubai-world/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/08/dubai-index-slupms-to-july-low-nakheel-dubai-world/#comments</comments>
		<pubDate>Tue, 08 Dec 2009 18:42:41 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[Dubai Stock Exchange]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Nakheel]]></category>

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		<description><![CDATA[original source BloombergDec. 8 , 2009 &#8212; Dubai shares tumbled, erasing almost all of this year’s gains, on investor concern that Dubai World is struggling to restructure debt.
Emaar Properties PJSC, the United Arab Emirates’ biggest real-estate developer, slumped 9.8 percent and Emirates NBD PJSC retreated to the lowest since Sept. 3. The DFM General Index [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3622&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Dubai Holding seen at risk</title>
		<link>http://7starsdubai.wordpress.com/2009/12/04/dubai-holding-seen-at-risk/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/04/dubai-holding-seen-at-risk/#comments</comments>
		<pubDate>Fri, 04 Dec 2009 12:28:42 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai debts]]></category>
		<category><![CDATA[dubai financial crisis]]></category>
		<category><![CDATA[Dubai Holding]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/04/dubai-holding-seen-at-risk/</guid>
		<description><![CDATA[original source Zawya / Financial TimesThursday, Dec 03, 2009Thursday, Dec 03, 2009
Thursday, Dec 03, 2009
With Dubai World cut adrift from implicit government support, there are concerns about potential defaults by other state-related entities. The name mentioned most by bankers and investors in the region is that of Dubai Holding, the personal investment vehicle of the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3620&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Sheikh Mohammed al-Maktoum : &#8220;They do not understand anything.&#8221;</title>
		<link>http://7starsdubai.wordpress.com/2009/12/03/sheikh-mohammed-al-maktoum-they-do-not-understand-anything/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/03/sheikh-mohammed-al-maktoum-they-do-not-understand-anything/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 00:19:08 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Nakheel]]></category>
		<category><![CDATA[dubai financial crisis]]></category>
		<category><![CDATA[Sheikh Mohammed Rashid Al Maktoum]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/03/sheikh-mohammed-al-maktoum-they-do-not-understand-anything/</guid>
		<description><![CDATA[original source The Independent
Headline: Sheikh attacks investors for global fallout of Dubai debt
The ruler of Dubai hit out at international investors yesterday as his government&#8217;s impecunious investment vehicle revealed plans to restructure $26bn of its debts. 

Sheikh Mohammed al-Maktoum said: &#8220;They do not understand anything.&#8221;


After days of uncertainty that sent shudders throughout the world&#8217;s stock [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3618&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Nakheel and its parent will be a test case for Dubai</title>
		<link>http://7starsdubai.wordpress.com/2009/12/03/nakheel-and-its-parent-will-be-a-test-case-for-dubai/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/03/nakheel-and-its-parent-will-be-a-test-case-for-dubai/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 00:05:24 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai Court]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Nakheel]]></category>
		<category><![CDATA[Dubai debts]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/03/nakheel-and-its-parent-will-be-a-test-case-for-dubai/</guid>
		<description><![CDATA[original source Business Standard
Dubai World’s guarantee to bondholders could prove worthless. The emirate’s holding company, which is seeking a six-month standstill from creditors, pledged to repay a $3.5 billion Islamic bond issued by its now troubled property subsidiary Nakheel. Yet with local creditors effectively calling the shots, foreign lenders might find enforcing that guarantee impossible.
Nakheel [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3615&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>If Nakheel Dubai defaults, it will be the largest-ever sukuk default in the world</title>
		<link>http://7starsdubai.wordpress.com/2009/12/03/if-nakheel-dubai-defaults-it-will-be-the-largest-ever-sukuk-default-in-the-world/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/03/if-nakheel-dubai-defaults-it-will-be-the-largest-ever-sukuk-default-in-the-world/#comments</comments>
		<pubDate>Wed, 02 Dec 2009 23:58:07 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai Properties]]></category>
		<category><![CDATA[Nakheel]]></category>
		<category><![CDATA[dubai financial crisis]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Sheikh Mohammed Rashid Al Maktoum]]></category>

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		<description><![CDATA[original source Wall Street Journal
The price drop in bonds related to Dubai World&#8217;s real-estate subsidiary has posed a question for investors: Does the discounted debt represent an attractive buying opportunity or an ill-advised journey into the uncharted world of debt restructurings of this size in the Persian Gulf?
Bonds of real-estate subsidiary Nakheel dropped in value [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3613&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Dubai is down, but fighting for its place in the sun</title>
		<link>http://7starsdubai.wordpress.com/2009/12/02/dubai-fighting-for-its-place-in-the-sun/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/02/dubai-fighting-for-its-place-in-the-sun/#comments</comments>
		<pubDate>Wed, 02 Dec 2009 01:44:19 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai crisis]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Sheikh Mohammed Rashid Al Maktoum]]></category>

		<guid isPermaLink="false">http://7starsdubai.wordpress.com/2009/12/02/dubai-fighting-for-its-place-in-the-sun/</guid>
		<description><![CDATA[original source Wall Street Journal
Dubai 2 December 2009
Finally, a chink of light. Dubai World has belatedly provided some of details on its planned debt restructuring. 
But for investors the situation still resembles a darkened room, where the outlines of the furniture are now visible but little else. And for Dubai itself, there is more than [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3605&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Project Maritim Hotel Dubai Land &#8211; DUBAI 1000 Hotel Fund &#8211; Arrest Warrant against Georg Recker</title>
		<link>http://7starsdubai.wordpress.com/2009/12/01/haftbefehl-dubai-1000-hotel-fond-georg-recker/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/01/haftbefehl-dubai-1000-hotel-fond-georg-recker/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 21:48:48 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Deutsche Immobilienfonds Dubai]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai 1000 Hotel Fund]]></category>
		<category><![CDATA[Fraud Dubai]]></category>
		<category><![CDATA[Haftbefehl Georg Recker]]></category>

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		<description><![CDATA[DUBAI 1000 Hotel Fund &#8211; Warrant of Arrest against Georg Recker
Based on research by German newspaper &#8220;Westfälischen Allgemeine&#8221;, since a couple of weeks a warrant of arrest has been issued by Dortmund Court of Justice (Germany) against German Georg Recker (36), initiator of &#8220;Dubai 1000 Hotel Fund&#8221;.
For Recker an international quest is conducted, assuming that [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3603&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Happy Birthday Burj Al Arab &#8211; Global Icon marks its 10th year</title>
		<link>http://7starsdubai.wordpress.com/2009/12/01/10-years-burj-al-arab-dubai-the-icon-of-dubai-city/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/01/10-years-burj-al-arab-dubai-the-icon-of-dubai-city/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 02:17:17 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[7starsdubai]]></category>
		<category><![CDATA[Burj Al Arab]]></category>
		<category><![CDATA[7 Star Hotel Dubai]]></category>
		<category><![CDATA[Dubai Icon]]></category>

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		<description><![CDATA[original source The National
The Burj al Arab hotel, identified the world over as the symbol of Dubai, is 10 years old today. As it celebrates its first decade in business, Leah Oatway looks at the history and significance of the stunning structure on its own manmade island off Jumeirah Beach
Dubai // They were asked to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3597&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Dubai Crisis : This is why investors are nervous. It&#8217;s not the lack of money</title>
		<link>http://7starsdubai.wordpress.com/2009/12/01/dubai-crisis-lack-of-transperancy-this-is-why-investors-are-nervous/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/01/dubai-crisis-lack-of-transperancy-this-is-why-investors-are-nervous/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 00:01:28 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai Government]]></category>
		<category><![CDATA[Dubai developer]]></category>
		<category><![CDATA[Immobilen Probleme Dubai]]></category>
		<category><![CDATA[dubai financial crisis]]></category>
		<category><![CDATA[Debts dubai]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[Property Investor Dubai]]></category>
		<category><![CDATA[Property scandal Dubai]]></category>

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		<description><![CDATA[original source Wall Street Journal
Dubai&#8217;s troubles offer a warning of the perils of investing in places where leaders&#8211;whether of governments or companies&#8211;have limited accountability.
In fact, it raises questions about other investment destinations: China, for example.
One reason why markets continue to be jittery over last week&#8217;s news of a standstill on property conglomerate Dubai World&#8217;s debt [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3581&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Empty office space in Dubai  totals 10 million sq ft</title>
		<link>http://7starsdubai.wordpress.com/2009/12/01/empty-office-space-in-dubai-40-per-cent/</link>
		<comments>http://7starsdubai.wordpress.com/2009/12/01/empty-office-space-in-dubai-40-per-cent/#comments</comments>
		<pubDate>Mon, 30 Nov 2009 23:11:49 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Al Fajer Properties]]></category>
		<category><![CDATA[Dubai commercial rental]]></category>
		<category><![CDATA[financial crisis dubai]]></category>
		<category><![CDATA[Office Dubai]]></category>
		<category><![CDATA[real estate dubai]]></category>

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		<description><![CDATA[original source Arabian Business Monday 30 November 2009
About 40 percent of Dubai’s office space is lying empty after the emirate’s construction boom outpaced demand, broker Knight Frank LLP has said.
Empty office space totals 10 million sq ft (929,030 sq m) in Dubai, the firm said in a note on Monday, reported by Bloomberg news agency.
The [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3579&subd=7starsdubai&ref=&feed=1" />]]></description>
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		<title>Debt Crisis Dubai World &#8211; Why is Dubai still causing concern ?</title>
		<link>http://7starsdubai.wordpress.com/2009/11/30/dubai-still-causing-condern-debt-crisis-dubai-world/</link>
		<comments>http://7starsdubai.wordpress.com/2009/11/30/dubai-still-causing-condern-debt-crisis-dubai-world/#comments</comments>
		<pubDate>Mon, 30 Nov 2009 20:51:11 +0000</pubDate>
		<dc:creator>7starsdubai</dc:creator>
				<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Debt Crisis Dubai]]></category>
		<category><![CDATA[Dubai Holding]]></category>
		<category><![CDATA[Dubai World]]></category>
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		<category><![CDATA[Nakhee]]></category>

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		<description><![CDATA[original source Guardian UK
Why is Dubai still causing concern?
Yesterday was the first day investors were able to trade in many Middle East markets since news broke on Wednesday that Dubai World, one of the region&#8217;s largest property companies, was unable to pay its debts. Many suspect the news was released before the holiday, Eid, to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=7starsdubai.wordpress.com&blog=3370887&post=3577&subd=7starsdubai&ref=&feed=1" />]]></description>
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