Smash hit

Is it Black Monday all over again for Dubai?

The attempt by Dubai’s rulers to bury bad news on the holiday at the end of Ramadan could be as disastrous as 1987

Dubai in deep water over debts

Shares plunged, weak currencies were battered and more than £14 billion was wiped from the value of British banks

West fears worldwide firesale of Dubai assets

Markets are stunned with the announcement that the Government of Dubai is seeking a standstill on repayment of its debts

Dubai's grand designs caught in stagnant water

Emirate that welcomed all-comers sought to indulge property obsession to the heights of whimsy

Stars caught out as Dubai property bubble bursts

Credit markets rocked as developer Nakheel and its state-owned parent made a request to suspend debt repayments

Problems for Dubai are only just beginning

The city state was sold to the world as a place where West and East could do business but now its finances are being scrutinised

Dubai World seeks 'standstill' on debt

State-owned conglomerate seeks pact delaying repayment of $4bn bond as Deloitte is appointed to oversee restructure

Gulf Air could cost Rolls-Royce $1.5bn

The Bahrain-based airline is to renegotiate contracts with suppliers in attempt to save $2.65 billion over five years

Nakheel's debt turns spotlight on Islamic bonds

The Nakheel bond is being watched closely by Islamic investors as a bellwether for the shaky finances of Dubai

Dubai makes takeover move for Dragon Oil

Emirates National Oil Company to pay £1.15 billion for 48 per cent of the shares in Turkmenistan-focused oil explorer

Qatar cashes in Barclays option profits

The Gulf state is sitting on cash and paper profits of about £2.3 billion from its two investments in the bank last year

Britain ponders implications of taxing issue

There is no doubt a move overseas can certainly bring with it a financial bonus for highly paid managers and financiers

BAE Systems and SFO discuss compromise

Europe’s largest defence company may pay a fine but admit no guilt after a probe into charges of bribery and corruption