riskandforecast

United Arab Emirates

UAE announces new labour laws

The UAE announced new labour laws that aims to give the expatriate population greater rights....

UAE announces massive investment in the aviation industry

The UAE announced that it plans to invest AED 500 billion on further improving it’s aviation industry....
 
Risk Watch  03/01/11

Oil prices remain above $90 per barrel

The increase of oil price to over US$ 90 per barrel is a positive development for all GCC states and Yemen....

UAE cuts budget by 6 %

The UAE’s cuts its budget by 6%, freezing spending on universities and cutting spending on utilities....
 
Risk Watch  01/12/10

Wikileaks claim GCC leaders urged attack on Iran

The US diplomatic cables published by wikileaks is likely to increase the risk of Iranian or Shiite attacks against some GCC states, who are claimed to have pushed the US to bomb Iran....
Dubai  01/12/10

Dubai considers selling off prized assets to pay debts

The announcement that Dubai is now planning to consider selling some of its assets is confirmation that the emirate has given up on trying to resolve its crisis with help from Abu Dhabi....
 

Abu Dhabi’s Aldar in difficulty as Abu Dhabi faces property oversupply

Abu Dhabi developer Aldar is reportedly seeking a government bailout as it’s CEO resigns, its shares tumble and the government announces that Abu Dhabi has an oversupply of real-estate....

UAE imposes Visa restrictions on visiting Canadians

Relations between the UAE and Canada have deteriorated as the UAE announces that Canadians will require visas to enter the UAE....
 
Risk Watch  16/11/10

Qatar and UAE to scrap controversial sponsorship system

Qatar and the UAE separately announced that they are considering scrapping the Kafeel or sponsorship system for foreign workers....

Death of RAK ruler prompts fight over succession; coup attempt fails

The failure of the coup attempt by RAK exiled crown prince ends a potentially explosive situation that could have hugely damaged the internal make-up of the UAE....
 

GCC carriers threatened as Air France KLM accuses them of receiving subsidies

GCC airlines feel threatened as Air France KLM accuse them of unfair competition and Canada refuses to grant UAE carriers further landing rights....
Dubai  03/09/10

Dubai World announces plan to sell its “prized assets”

The announcement that Dubai World will be prepared to sell its “prized assets” to pay off its debt indicates the government-owned entity has been unable to secure support from Abu Dhabi....
 
Oman  03/09/10

Japanese tanker struck by suicide bomber

Confirmation that the Japanese tanker hit in the Strait of Hormuz last month was by a suicide bomber indicates that there is an increased Al Qaeda activity in the GCC....

Germany releases Israeli suspect and UAE 'concerned'

The release on bail of Israeli suspect implicated in the forging of passports allegedly used in the assassination of the Hamas leader in Dubai has embarrassed the UAE authorities....
 

85% of UAE residents in deep debt

A survey has revealed over 85% of UAE residents have personal debts of over US $135,000 each....

Prolonged power cuts in Sharjah leading to unrest and damaging businesses

Repeated and prolonged power cuts in the UAE emirate of Sharjah has damaged the emirates' economy....
 

UAE may ban Blackberry

The UAE government announced that “BlackBerry is operating beyond the reach of UAE law”, casting doubt on the future of the popular mobile e-mail and messaging service in the Emirates....
Dubai  16/07/10

Nakheel presents offer to creditors on restructuring debt

Nakheel has presented an offer to creditors to restructure the debt. This is seen as a cautiously positive move....
 

Unified financial sector laws for UAE in pipeline

The UAE announced that a committee tasked with unifying the country’s financial laws has met....

News of a coup at Ras Al Khaimah

Reports of an attempted coup in the northern-most emirate of Ras Al Khaimah are unraveling....
 
 

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