United Arab Emirates

Dubai  16/06/10

U.A.E. economy becomes a two-tier economy, Dubai still facing problems

The UAE and Dubai economies appear to be decoupled. The UAE is projecting growth of up to 4% next year, while Dubai continues to slump. Further contraction in Dubai is expected this year....
Bahrain  17/05/10

Iran launches naval Gulf excursuses as GCC states strengthen defenses

Naval exercises by Iran in the Straits of Hormuz have prompted GCC leaders to strengthen their joint defenses and call for a united effort against Iran....
Iran  03/05/10

UAE-Iranian tensions rise over islands

Tensions have risen between the UAE and Iran over the three disputed islands in the Gulf....

UAE moves to improve business environment as it revamps its systems

The UAE has announced that laws that will reduce monopolies, increase competitiveness and harmonize laws across the federation have been drafted....

“Legislators” demand setting of an election date as tensions rise in the UAE

Members of the UAE legislature, the Federal National Council, are increasingly becoming vocal that no election date has been set....

UAE bans 800 large companies in breach of wage payment laws

The UAE ministry of labour has stopped 800 of the country’s large companies from hiring staff. This came as a result of the ministry’s efforts to address non-payment of wages to staff....
Dubai  01/03/10

Dubai World debt proposal still not finalized

Contradictory remarks by the Dubai government and Dubai World are further indication that issues of governance, transparency and communications are not being addressed....
Dubai  01/03/10

Nakheel may defer repayment of sukuks maturing in May

Nakheel has indicated that it may not pay back the Islamic bonds – sukuks, which mature in May 2010. A default by Nakheel could trigger an array of downgrades of Dubai government-related entities....
Dubai  01/03/10

Arabtec suspends Nakheel work

The stoppage of work by Arabtec on Nakheel projects indicate that the Dubai problems in general are far from over and that chances of a quick recovery are remote....
Dubai  15/02/10

Hamas Leader Assassinated in Dubai

The assassination of a senior Hamas leader in Dubai threatens to tarnish the image of the emirate as one of the region’s most open, yet safest....
Dubai  15/02/10

British Business Secretary Calls Dubai to Solve its Problems

The call by British Business Secretary Lord Mandelson calling on Dubai to resolve its debt problem puts further pressure on Dubai to put its act together....
Bahrain  15/02/10

Al Gosaibi File New Claims against Sanea

Al Gosaibi family has filed a court case against Al Sanea in New York in their long running family business dispute....
Bahrain  02/02/10

Iran threatens GCC states if attacked by West

Increasing tensions between the West and Iran increases the risk of Iranian attacks against Western interests in the GCC....

UAE moves to scrap Emaritisation of private sector

The UAE has indicated that it will scrap current regulations that force large companies to employ local Emaratis....
Dubai  02/02/10

Dubai Holding drops Standard and Poor in response to downgrade

Dubai Holding has severed its ties with Standard and Poor after the rating agency downgraded Dubai Holding....
Bahrain  18/01/10

Increased Al Qaeda threat in GCC according to Kuwaiti press

A leading Kuwaiti daily reported government sources as saying that there is an increased Al Qaeda threat in the Gulf, in view of the ongoing Yemen war....
Dubai  04/01/10

Dubai’s UP open to receiving government help as construction workers strike

Dubai’s Union Properties new Chairman announces that the company does not need government assistance. However, over 1,000 construction workers have held a rare demonstration due to unpaid salaries....
Dubai  16/12/09

Abu Dhabi lends Dubai in last minute manoeuvre

Abu Dhabi has decided to give Dubai a life-line by lending Dubai US $ 10 billion. This is a temporary solution, without which both Dubai and the UAE in general would have suffered greatly....
Dubai  01/12/09

Dubai to ask creditors for repayment “stand-still”

The announcement by Dubai that it will ask its creditors for a payment "standstill" raises very serious concerns about Dubai’s ability to continue its development plans in the short to medium term....

Abu Dhabi plans to spend US $ 1 trillion on development

Abu Dhabi announced plans to spend US$ 1 trillion on developing its economy. The emirate is capable of undertaking such ambitious plans to position itself as a regional hub for non-oil activities....

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