Residents across the Gulf region, including the UAE, Bahrain, and Qatar, experienced fear and disruption following attacks, leading to flight suspensions and heightened security measures.
After spending 43 years working inside Dubai's royal palace, a man from Kottakkal returned home with nothing but gratitude for the life he lived in extraordinary circumstances.
Hindustan Aeronautics Ltd (HAL) expressed deep sorrow over the death of an Indian Air Force pilot, Wing Commander Namansh Syal, in a Tejas aircraft crash during an aerial display at the Dubai Air Show. The incident involved the indigenous Light Combat Aircraft (LCA) Tejas and marked the second crash involving a HAL-manufactured aircraft in 20 months.
According to an international media report, the jet crashed in the afternoon local time while flying a demonstration flight at the prestigious air show.
18-year-old Indian Sheetal Devi scripted history by becoming the first woman armless archer to win World championship gold in the compound individual section.
Crisis-hit conglomerate Dubai World is expected to approach lenders this week, with its proposal to restructure $22 billion-debts, says a media report.
'The Sun Never Sets on Dubai World' -- screams a banner on the web site of the state-owned flagship investment arm of Dubai, even as its inability to pay in time about $60 billion in debts haunted the markets across the world.
"They (the creditors) think Dubai World is part of the government, which is not correct. The government is the owner of the company, but since its foundation it was clearly established that the company is not guaranteed by the Dubai government," Dubai's Department of Finance Director General Abdulrahman al-Saleh told Dubai Television.
Dubai World's bank creditors have offered their loans for sale ahead of the restructuring of the conglomerate's debts, in a bid to reduce exposure.
The new mum took some time out to represent watch brand Longines in Dubai over the weekend.
Dubai World's financial indebtedness would come down to around $14.4 billion.
The restructuring move by Dubai World is likely to ease investor sentiment globally. Markets across the world went into a tailspin following the November 25 announcement by Dubai.
The Dubai government has announced it will extend as much as $9.5 billion to crisis-hit Dubai World, to help the conglomerate restructure its massive debt.
The risk of a multi-billion-dollar debt default by Dubai World will have an extremely limited impact on the Indian economy.
The Singapore-based DBS Bank has said its total exposure to Dubai is around $1.28 billion and out of this only $400 million is to the troubled Dubai World, but the bank believes that the situation is manageable.
Top Indian shuttlers Saina Nehwal and Kidambi Srikanth have sealed their spots at the prestigious BWF World Superseries Finals for the second successive time.
ATP tournaments incurred losses of between $60 and $80 million last year, hurt by last-minute cancellations
India's leading badminton player Saina Nehwal says she wants to come back into competitive action stronger after recovering from a knee surgery and indicated that her best may be yet to come.
Saina Nehwal scripted a remarkable victory over reigning World Champion Carolina Marin to turn around her campaign at the BWF Super Series Finals even as Srikanth faced exit after suffering his second straight loss in the men's singles in Dubai.
The government on Friday said that as many as seven banks in India, including SBI and ICICI Bank, had exposure worth $537 million in Dubai World and other group companies at the time of the Emirate's debt crisis in November 2009.
The Dubai government has restructured the board of Nakheel, the troubled realty arm of debt-ridden company Dubai World, naming Ali Rashed Ahmed Lootah as new chairman.
The Dubai government on Friday promised to pump in all necessary resources to ensure long-term success of Dubai World, even as the state-owned investment holding firm's huge debts adversely impacted the markets world over.
Dubai World's troubles have begun to impact India. Icra, the rating agency, today downgraded its ranking on loans extended to DP World's (a transport and logistics arm of Dubai World) container terminals, at Chennai and Nhava Sheva (Navi Mumbai).
"The full impact of the Dubai debt crisis is yet to be assessed, but there is no need to press the panic button," said Pranab Mukherjee.
The economy is expected to grow by 3.2 per cent in 2010, Al-Mansouri said while addressing at the opening session of the UAE-Azerbaijan joint committee in the UAE capital on Monday.
The Dubai government said on Monday that Abu Dhabi has agreed to give $10 billion in emergency funds that will go toward paying debts owed by its Dubai World conglomerate. It said $4.1 billion of the money will be used to pay off the debt from Dubai World's Nakheel property divisions that are due today (Monday).
Dubai World, a government-owned holding company, will invest Dh 29 billion ($7,896,091,358) in setting up industrial parks in different parts of the world, including India.
The Dubai World Company has bought the 70,000-tonne ship for $100 million through its investment subsidiary, Istithmar PJSC, from Cunard Line. Dubai World Company is also the owner of shipping major P&O.
The proposed new airport will have five runways which will be simultaneously operational, all A380-compatible with a length of 4.5 km each
Rio-bound Indian shuttler Saina Nehwal, who just clinched the Australian Open Super Series title in Sydney, said she wants to be aggressive like India Test skipper Virat Kohli. The 26-year-old from Hyderabad defeated Sun Yu of China in the finals yesterday to notch up her first title of the season ahead of the Rio Olympics.
Rory McIlroy followed in the footsteps of Ryder Cup team mate Luke Donald when he became the second player to win the money list titles in both Europe and the United States on Sunday.
Ace Indian shuttlers, Saina Nehwal and Kidambi Srikanth, had a disappointing start to their campaign at the BWF Super Series Finals as they suffered straight-game defeats on the opening day of the prestigious event in Dubai.
The history of skyscrapers in Dubai began with the construction of the 149-metre (489 ft) Dubai World Trade Centre in 1979.
World No. 2 Rory McIlroy's management team are locked in a battle with Chinese customs officials to release the US Open trophy the Northern Irishman won earlier this year so it can be taken to the season-ending Dubai World Championship next week.
Briton became the first player to win the orders of merit on both sides of the Atlantic on Sunday while Spain's Alvaro Quiros lifted the European Tour's season-ending Dubai World Championship title.
Rory McIlroy's viral illness is a common problem among travelling golfers and the World No. 2 should make a complete recovery as long as he takes some rest, the European Tour's chief medical officer has said.
A swashbuckling finish yielding five birdies in six holes catapulted Rory McIlroy up the Dubai World Championship leaderboard on Thursday as he seized the early initiative in his money-list battle with Luke Donald.
Rory McIlroy is a more talented golfer than 14-times major winner Tiger Woods, said World No. 1 Luke Donald on the eve of his Dubai World Championship showdown with the young Northern Irishman.
London Olympics bronze medallist Saina Nehwal wants to qualify for the Dubai World Superseries Finals after resuming her partnership with long-time mentor and chief coach Pullela Gopichand.
The company held about $12 million worth of FCCBs in SpiceJet. Bank of America-Merill Lynch brokered the block deal for the company, said sources.
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