Praveen's Feed
Aug 7, 2014

Creditors approve $2.7 billion debt restructuring for Dubai’s Amlak

DUBAI, Aug 7 (Reuters) – Dubai mortgage lender Amlak Finance
said on Thursday that all its creditors had approved a
plan to restructure its debt, bringing to a close protracted
talks over the last major hangover from the emirate’s property
market crash of 2008.

Twenty-eight creditors had been seeking a deal with the
Islamic lender, which had its shares suspended from trade on the
Dubai Financial Market in November 2008 as the crash ravaged its
finances.

Jul 8, 2014

Dubai Holding chief says company needs $6.8 bln to build new mega-mall

DUBAI, July 8 (Reuters) – Dubai Holding, the
investment vehicle of the emirate’s ruler, will need 25 billion
dirhams ($6.8 billion) to build an entertainment district that
will include the world’s largest shopping mall, its chief
executive said on Tuesday.

Sheikh Mohammed bin Rashid al-Maktoum announced on Saturday
plans to build the “Mall of the World”, encompassing an 8
million square foot mall connected to a theme park, 100 hotels
and serviced apartment buildings with 20,000 rooms.

Jun 27, 2014

Thousands march across Kabul to protest election fraud

KABUL (Reuters) – Thousands of angry protesters marched on the Afghan president’s palace on Friday in support of candidate Abdullah Abdullah’s allegations that mass fraud had been committed during the presidential election by organisers and state officials.

The run-off poll, pitting the former Northern Alliance leader against ex-finance minister Ashraf Ghani on June 14, has fallen into deadlock over Abdullah’s decision last week to drop out.

Jun 27, 2014

Thousands march on Afghan president’s palace to protest elections

KABUL (Reuters) – Thousands of angry protesters marched on the Afghan president’s palace on Friday in support of candidate Abdullah Abdullah’s allegations that mass fraud had been committed during the presidential election by organizers and state officials.

The run-off pitting the former Northern Alliance leader against ex-finance minister Ashraf Ghani on June 14 has fallen into a deadlock over Abdullah’s decision to drop out last week.

Jun 21, 2014

Tensions mount over Afghan vote, protest held in Kabul

KABUL (Reuters) – Protesters gathered in the Afghan capital on Saturday in support of presidential candidate Abdullah Abdullah’s accusation of vote fraud, and his call for the organisers to stop counting the ballots from the run-off election held a week ago.

Several hundred people gathered, disrupting traffic on the main road to the airport, as police were deployed with batons and riot shields to counter any violence.

Jun 16, 2014

Abdullah says fraud gave his rival a million vote lead in Afghan vote

KABUL (Reuters) – Afghan presidential candidate Abdullah Abdullah said on Monday his opponent’s apparent million-vote lead in the second round of national elections at the weekend was due to massive fraud.

Observers fear allegations of fraud on both sides could lead to a lengthy and paralyzing struggle for power along ethnic lines, threatening to derail attempts to transfer power democratically for the first time in Afghanistan’s history.

Jun 15, 2014

Dubai faces moment of truth over looming property bubble

DUBAI, June 15 (Reuters) – “Keep calm. There’s no bubble”,
proclaimed a giant poster on a 40-storey building overlooking a
Dubai highway, advertising a property finding portal late last
year. That may have been true at the time, but the risks are
rising.

A leap in bank lending to the construction industry
indicates financial institutions have resumed pouring money into
real estate projects in the last few months, after cutting back
sharply in the wake of Dubai’s 2008 crash.

Jun 14, 2014

Afghans ignore Taliban threats and vote again in final test

KABUL, June 14 (Reuters) – Millions of Afghans voted in a
mostly peaceful run-off to elect a successor to President Hamid
Karzai on Saturday, a decisive test of the country’s ambitions
to transfer power democratically for the first time in its
tumultuous history.

Most foreign troops will leave by the end of 2014, and
whoever takes over from Karzai will inherit a troubled country
plagued by an assertive Taliban insurgency and an economy
crippled by corruption and the weak rule of law.

Jun 14, 2014

Afghans vote again in final test as Taliban threats loom

KABUL (Reuters) – Afghans headed back to the polls on Saturday for a second round of voting to elect a successor to President Hamid Karzai in a decisive test of Afghanistan’s ambitions to transfer power democratically for the first time in its tumultuous history.

The vote pits former anti-Taliban fighter Abdullah Abdullah against ex-World Bank economist Ashraf Ghani after neither secured the 50 percent majority needed to win outright in the first round on April 5.

Jun 13, 2014

Afghans head to polls again in final test as Taliban threats loom

KABUL (Reuters) – Afghans head to the polls on Saturday for a second round of voting to elect a successor to President Hamid Karzai in a decisive test of Afghanistan’s ambitions to transfer power democratically for the first time in its tumultuous history.

The vote pits former anti-Taliban fighter Abdullah Abdullah against ex-World Bank economist Ashraf Ghani after neither secured the 50 percent majority needed to win outright in the first round on April 5.