November 2009
Dubai World announces it will seek a standstill on debt repayments, sending global markets downward and raising the spectre of a sovereign default. Fears of default, however, later prove unfounded as a US$24.9 billion (Dh91.44bn) debt restructuring proceeds through the early months of this year and European countries' struggles with debt steal the spotlight.
December 2009
Abu Dhabi puts $10bn into the Dubai Financial Support Fund, an entity set up to help companies in Dubai weather the global economic storm. That comes in addition to $10bn provided by the UAE Central Bank. With that support in hand, Nakheel, Dubai World's main property unit, pays off a $4.1bn Islamic bond.
May 2010
After months of negotiations with banks, Dubai World says it has secured agreement from its core group of creditors on its debt restructuring. Dubai International Capital (DIC), a private equity unit of Dubai Holding, seeks a three-month delay on debt repayments.
July 2010
Dubai Holding Commercial Operations Group (DHCOG), another Dubai Holding subsidiary, also seeks a delay on debt repayments. Both DIC's and DHCOG's repayments are ultimately extended until the end of this month to allow time to thrash out a longer-term solution.
October 2010
All creditors of Dubai World assent to its $24.9bn restructuring.
November 2010
Dubai Group, another unit of Dubai Holding that is not part of DHCOG or DIC, says it has set up a creditors' co-ordinating committee to discuss rescheduling its own debt repayments.
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Company%20Profile
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Indian origin executives leading top technology firms
Sundar Pichai
Chief executive, Google and Alphabet
Satya Nadella
Chief executive, Microsoft
Ajaypal Singh Banga
President and chief executive, Mastercard
Shantanu Narayen
Chief executive, chairman, and president, Adobe
Indra Nooyi
Board of directors, Amazon and former chief executive, PepsiCo