Dubai is reportedly preparing to sell a host of assets, including one of the world's best known cruise ships, as the emirate's investment arm looks to restructure a mountain of debt.
A new fast food sensation has hit the Emirates' culinary scene.
Things are looking up in Dubai. Way, way up.
The relatives of five British sailors whose boat apparently drifted into Iranian territorial waters last week voiced relief Wednesday as their sons arrived at a yacht club in Dubai.
Stocks rallied Tuesday as worries about Dubai's debt problems eased, gold hit a record above $1,200 and GE and Comcast moved closer to a deal on NBC Universal.
Dubai's not the only onetime highflier that risks drowning in debt.
A rally in bank shares helped take Wall Street higher Monday, at the end of a choppy session, as investors bet that the fallout from Dubai's debt problems won't have a major impact on U.S. institutions.
Stocks in Dubai plunged more than 7% Monday, the first day of trading after the Persian Gulf state's debt problems roiled financial markets around the world.
The news that the state-run investment company of Dubai requested a postponement of billions of dollars of debt this week could pose a big problem for U.S. banks.
U.S. stocks were set to open modestly higher Monday as fears eased over the Dubai debt shakeup and despite early reports of tepid holiday sales figures for the Thanksgiving weekend.
Dubai is reportedly preparing to sell a host of assets, including one of the world's best known cruise ships, as the emirate's investment arm looks to restructure a mountain of debt.
A new fast food sensation has hit the Emirates' culinary scene.
Things are looking up in Dubai. Way, way up.
The relatives of five British sailors whose boat apparently drifted into Iranian territorial waters last week voiced relief Wednesday as their sons arrived at a yacht club in Dubai.
Stocks rallied Tuesday as worries about Dubai's debt problems eased, gold hit a record above $1,200 and GE and Comcast moved closer to a deal on NBC Universal.
Dubai's not the only onetime highflier that risks drowning in debt.
A rally in bank shares helped take Wall Street higher Monday, at the end of a choppy session, as investors bet that the fallout from Dubai's debt problems won't have a major impact on U.S. institutions.
Stocks in Dubai plunged more than 7% Monday, the first day of trading after the Persian Gulf state's debt problems roiled financial markets around the world.
The news that the state-run investment company of Dubai requested a postponement of billions of dollars of debt this week could pose a big problem for U.S. banks.
U.S. stocks were set to open modestly higher Monday as fears eased over the Dubai debt shakeup and despite early reports of tepid holiday sales figures for the Thanksgiving weekend.
For the past decade, Dubai has been home to the greatest concentration of cranes anywhere in the world as billions of tonnes of concrete, steel and glass have refashioned the city skyline.
Stocks tumbled Friday afternoon as fears about the fallout from Dubai's debt problems rattled Wall Street in a thinly-traded half-day session following Thanksgiving.
French photographer Martin Becka has come up with a novel way to capture one of the world's most modern cities, Dubai. A 150-year-old camera.
The United Arab Emirates pledged $10 billion to prop up Dubai, one of its most ambitious members, Dubai's government said.
A British mother-of-two looks set to serve a three-month jail sentence for adultery after losing her appeal against the conviction in Dubai.
A British businessman jailed in Dubai after being convicted with a female companion for having sex on a beach said he had acted naively as he spoke publicly Monday for the first time since returning to the UK.
A British man convicted of having sex on a Dubai beach was re-arrested as he prepared to board a flight back to the UK, according to media reports.
A British couple convicted for having sex on a public beach in Dubai will not face jail after a judge suspended their prison sentences, their lawyer said Tuesday.
As soaring oil prices enriched the Persian Gulf region in recent years, the United Arab Emirate of Dubai became the embodiment of global exuberance. Now even this boomtown has fallen prey to the credit crisis.
Two Britons serving three-month prison terms for having sex on a public beach in Dubai have been released on bail pending their appeal, their lawyer said Tuesday.
No one's calling it a bust, but the glittering city-state's heavy debt load poses a challenge for its future growth
A court in Dubai has sentenced two Britons to three months in prison for having sex on a public beach in the Muslim country.
Though still buoyed by relatively high oil prices, development is slowing in Dubai and other Gulf states as finance dries up
A helicopter crashed into an oil drilling platform off the coast of Dubai, killing all seven people on board, officials said Thursday.
The government-controlled developer of palm-shaped islands off Dubai's coast and a related investment arm said Wednesday they have bought a 20 percent stake in international circus touring company Cirque du Soleil
Ambitious plans to build a revolutionary 420-meter shape-shifting skyscraper in Dubai have been unveiled by architects.
Hollywood studio Metro-Goldwyn-Mayer Inc. reached an agreement with one of Abu Dhabi's largest real estate developers for an entertainment destination likely to cost billions of dollars, MGM said Wednesday
Two people were killed Wednesday after an explosion and massive fire at a fireworks warehouse in Dubai, authorities said.
An explosion at a fireworks warehouse in Dubai sparked a massive fire Wednesday that may burn for more than 24 hours, authorities said.
Six people were killed, at least 40 were injured and dozens of vehicles burned Tuesday when hundreds of cars collided on a fog-shrouded Persian Gulf highway.
It's always tough driving in the wilds of East Africa. But in the tiny country of Djibouti, our driver explains, it's tougher than usual. "Djiboutian goats don't scare," he says, holding down the horn and swerving. We're driving 100 mph the wrong way down a winding road through terrain so apocalyptic that British soldiers, back when they ruled the world, nicknamed this parched earth the Furthest Shag of the Never-Never Land.
The recent arrest and sentencing of a British disc jockey in Dubai highlights the need for foreign travelers to pay close attention to the United Arab Emirates' strict rules on prohibited substances, a legal charity said Wednesday.
A French teenage boy who was kidnapped and raped in Dubai by two men, one of whom was HIV-positive, has tested negative for HIV and hepatitis, the teenager's mother said Friday.
A court in Dubai sentenced two men Wednesday to 15 years in prison for the rape and kidnapping of a 15-year-old French boy.
Two Pakistani television networks that transmit from Dubai in United Arab Emirates were ordered off the air Friday at the request of Pakistani President Pervez Musharraf, officials from the networks said.
Gulf Arab airlines announced orders for some 140 aircraft at the opening of the Dubai Airshow on Sunday in deals valued at almost $40 billion.
A bridge under construction at a marina collapsed Thursday, killing seven workers and injuring 25, nine critically, the head of Dubai police said.
The image of a glittering Middle East showpiece has been endangered by a shocking crime
Nasdaq and Borse Dubai said Wednesday they have raised their bid for Nordic stock exchange operator OMX by 15 percent to $4.9 billion, and have secured 47.6 percent of the shares.
Nasdaq Stock Market Inc. and Borse Dubai have reached a deal under which Nasdaq will take over Nordic bourse operator OMX AB, while Borse Dubai acquires just under 20 percent of Nasdaq and 28 percent of the London stock exchange.
When I tell friends that I run businesses in both the United Arab Emirates and California, they assume that I never sleep. But technology makes it easy to bridge the time zones.
Fire broke out early Monday in a warehouse containing hazardous chemicals at Dubai's Jebel Ali port, sending plumes of thick black smoke into the sky before firefighters brought it under control three hours later.
Fire broke out early Monday in a warehouse containing hazardous chemicals at Dubai's Jebel Ali port, sending plumes of thick black smoke into the sky before firefighters brought it under control three hours later.
Dubai World said Wednesday it will invest up to $5.2 billion in MGM Mirage, making the investment holding firm of the Dubai government a major player in Las Vegas, the biggest gambling destination in the United States.
Borse Dubai launched a $4 billion cash offer for Nordic exchange owner OMX Friday, trumping an agreed deal with U.S. exchange Nasdaq, in a bid to create a group with global reach.
DP World, the world's third-largest container port operator, may this year sell $2 billion of shares in an initial public offering and list the stock in Dubai, Middle East Economic Digest reported.
Dubai-based private equity firm Istithmar raised its offer to acquire Barneys New York Inc. from Jones Apparel Group Inc. to $900 million on Sunday, matching a bid by Japan's Fast Retailing Co. Ltd.
Just how red-hot is the current worldwide expansion? "This is far and away the strongest global economy I've seen in my business lifetime," U.S. Treasury Secretary Hank Paulson declared on a recent visit to Fortune's offices.
Khaldoon Khalifa al Mubarak is a man in a hurry. The 31-year-old, American-educated developer steps on the gas of his silver Audi and zooms past a hole in the ground crawling with construction work...
Dubai airport was closed for nearly eight hours on Monday after the nose gear of an aircraft with 229 passengers and crew on board apparently collapsed during take off.
1. Aaron Baddeley He's always been a great putter, and now he's swinging like a young, less-churlish Steve Elkington. With a monster weekend in Phoenix, Badds nabbed his second Tour win in the last 10 months and immediately enters the conversation of the brightest young talents in golf.
By finishing third in an Arabian dust storm at last week's Dubai Desert Classic, Tiger Woods extended his winless streak in non-Tour international events to five. Dating back to September 2006, he has lost at the HSBC World Match Play, played for the losing side at the Ryder Cup, finished second at tournaments in China and Japan, and in Dubai played third fiddle to Henrik Stenson. It's enough to make a fellow turn in his passport.
We've been promised many things in the world of Tomorrowland: jet packs, flying cars, picnics on the moon.
From Shanghai to Dubai, skyscraper construction is booming.
In the early 1960's oil was discovered 75 miles off the coast of the United Arab Emirates transforming the economy of Dubai and its six neighboring federated states.
This month CNN Business Traveller is in the Gulf where billions of dollars are being spent on constructing street after street of new buildings to cater for an influx of foreign investors.
The daily commute becomes the bane of many workers' lives when they are forced to spend an hour or two in a car or on a train just to get to the office.
The ruler of Dubai has pardoned a Grammy-winning music producer who had been sentenced to four years in prison on charges of carrying cocaine into the country.
RIYADH, April 25 (Reuters) - A Saudi-German plan to launch a dedicated Arabic language search engine for the World Wide Web could revolutionize the moribund Arabic Internet market, a senior official in the project said.
AS DUBAI REACHES FOR THE SKY with a building that, when completed in 2008, will be the tallest in the world, it is facing a revolt from the workers who have made the emirate's audacious development...
So the Dubai ports deal is done, a United Arab Emirates-owned company has backed down, and CNN anchor (and deal opponent) Lou Dobbs is going to have to find something else to talk about. But the after-effects are likely to be felt in boardrooms across America as well as on Capitol Hill and in Arab capitals from Riyadh to Bahrain and Cairo.
Well, I don't know about you, but I feel so much safer now that I know those Dubains -- Dubai-ites? Dubaionians? -- won't be running those American ports after all.
Two U.S. lawmakers called Sunday for overhauling the rules by which the United States approves foreign management of facilities involved in national security.
Lost amid the political furor over the Dubai ports deal is a much larger story. No, we're not talking about weak Coast Guard inspections or other security-related safeguards. (I'll leave that issue for another day). Instead, it's the staggering shift in global economic power that the global commodity boom has wrought.
While the world sees the Middle East as a hotbed of tension and geopolitical strife, brand-name purveyors of American fashion, entertainment and luxury products are eager to bulk up their business, particularly in the region's lucrative retail markets.
THE DUEL BETWEEN SINGAPORE AND Dubai for control of Britain's venerable Peninsular & Oriental Steam Navigation Co. is not so much a bidding war as a proxy battle joined by two tiny, rich city-states intent on invading each other's territory with fat checkbooks.
The airline industry is in trouble in the United States. But elsewhere, it's blue skies and big opportunity--especially for niche players in regions with only one major airline. Launching at the en...
Call it a moment of uncivil aviation. Last May in Tokyo, at the airline industry's biggest annual gathering, some 500 attendees watched as the keynote discussion, featuring five top CEOs, suddenly ...
WITH A RECENT SPATE OF CONSTRUCTION that includes dozens of nightclubs, an indoor ski slope, a glitzy residential development shaped like a palm tree, and plans for the world's tallest building, yo...
I've always been the sort of racing driver who likes to stick his nose into all the technical decisions and modifications to do with setting up the car.
Five people were killed and 12 others injured after part of a terminal under construction at Dubai International Airport collapsed, according to a Civil Aviation Authority spokesman.
A number of city-states have fueled their economies by promoting themselves as business and travel hubs.
Ten years ago, airport shopping catered purely for the business traveler, focusing on cigarettes and alcohol. Today, however, it is increasingly about consumer choice.
There's no such thing as too much waterfront property, especially in Dubai. As part of the tiny state's drive to become a tourist hot spot, the government is working with a private developer to bui...
It's 110 degrees in the shade, but you'd never know it inside the air-conditioned Rolls-Royce Silver Seraph whisking you from Dubai's new $550 million airport to the Burj Al Arab Hotel. Shaped like...
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