The Dubai government announced plans Thursday to inject $9.5 billion in funding to help out its state-owned holding company, Dubai World.
Dubai is reportedly preparing to sell a host of assets, including one of the world's best known cruise ships, as the emirate's investment arm looks to restructure a mountain of debt.
Dubai gets $10 billion from neighboring Abu Dhabi to pay down its debt. CNN's Cal Perry reports
U.S. stocks headed for a lower start Tuesday as a shake-up in world markets made its way across the Atlantic, adding to investor uneasiness about the economy.
Is 2010 going to be another tough year of growth for the European Tour and Lee Westwood on his win in Dubai.
CNNMoney: Dow at 14-month highupdated: Tue Dec 01 2009 18:19:00
Stocks rallied Tuesday as worries about Dubai's debt problems eased, gold hit a record above $1,200 and GE and Comcast moved closer to a deal on NBC Universal.
Gold prices crossed $1,200 an ounce Tuesday and closed at a record high as dollar weakness and easing of Dubai debt fears pushed the precious metal higher.
Oil rich Abu Dhabi is in talks with fellow Emirate Dubai over its debt, as CNN's Jim Boulden reports.
A rally in bank shares helped take Wall Street higher Monday, at the end of a choppy session, as investors bet that the fallout from Dubai's debt problems won't have a major impact on U.S. institutions.
Stock markets in Europe closed higher Friday, despite ongoing concerns about a possible loan default by Dubai's state-owned investment fund, which sent Asian and U.S. markets sharply lower.
Stocks in Dubai plunged more than 7% Monday, the first day of trading after the Persian Gulf state's debt problems roiled financial markets around the world.
Oil futures sank more than 2% on Friday as investors worried about Dubai World's debt woes and moved into safe-haven assets including the dollar.
The news that the state-run investment company of Dubai requested a postponement of billions of dollars of debt this week could pose a big problem for U.S. banks.
CNN's Richard Quest and Ali Velshi discuss what the Dubai debt crisis could mean for investors around the world.
Treasurys jumped Friday as investors flocked to the perceived safety of U.S. debt amid concerns about Dubai World's credit problems.
Stocks tumbled Friday afternoon as fears about the fallout from Dubai's debt problems rattled Wall Street in a thinly-traded half-day session following Thanksgiving.
U.S. stocks were set to open lower Friday, following sharp declines in Asian markets, as Dubai World and its debt woes threatened Wall Street's confidence.
CNN's Charles Hodson and John Defterios discuss the implications of Dubai World's debt dilemma.
CNN's Justin Armsden talks to European Tour CEO, George O'Grady about how the Tour plans to bounce back.
CNN's World Sport reports the European Tour will cut its prize money because of financial problems with the tournament.
The government-controlled developer of palm-shaped islands off Dubai's coast and a related investment arm said Wednesday they have bought a 20 percent stake in international circus touring company Cirque du Soleil
It's always tough driving in the wilds of East Africa. But in the tiny country of Djibouti, our driver explains, it's tougher than usual. "Djiboutian goats don't scare," he says, holding down the horn and swerving. We're driving 100 mph the wrong way down a winding road through terrain so apocalyptic that British soldiers, back when they ruled the world, nicknamed this parched earth the Furthest Shag of the Never-Never Land.
Marketplace Middle East takes a look into Dubai's ambition to become the world's next aviation hub.
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