Dubai, United Arab Emirates News

With less than a week to go before the final round of the Middle East Rally Championship, President of the Automobile Touring Club of the UAE and Chairman of the Organising Committee of the 31st Dubai International Rally Mohamed Ben Sulayem singled out Nasser Saleh al-Attiyah as the hot favourite given the Qatari's excellent form in the current ...

Visible from space, Dubai has completed construction of the World's largest structure, The 110 story "Burj Dubai Middle Finger Tower". The dedication festivities were hosted by Dubai's Sovereign Ruler, His Highness Sheikh Mohammed bin Rashid Al Maktoum, who took the opportunity to simultaneously announce he was suspending payments to the ...

Published: Saturday, November 28, 2009 at 5:11 a.m. Last Modified: Saturday, November 28, 2009 at 5:11 a.m. Of the many countries that gorged on debt in the boom years, Dubai stood out.

Royal Bank of Scotland Group Plc was the biggest underwriter of loans to Dubai World, the state company seeking to reschedule debt, while HSBC Holdings Plc has the most at risk in the United Arab Emirates, according to JPMorgan Chase & Co.

Dubai's debt crisis will not affect India much but the government is keeping a close watch and will act to prevent any fallout, Finance Minister Pranab Mukherjee said on Saturday.

The Montreal-based acrobatic circus said it is not owed money and foresees no impact from the debt problems of Dubai World subsidiaries.

Buyers and sellers of high-end racehorses were closely watching a debt crisis in Dubai, but there was no sign Dubai's ruler would scale back his financial influence in the horse industry.

Just when some pundits were willing to give the battered U.S. dollar up for dead, investors moved back into the greenback's corner Friday as jitters about Dubai's debt problems sent global stock markets reeling.

A money trader walks past a screen indicating the U.S. dollar rate against Japanese yen at the Foreign Exchange brokerage in Tokyo, Japan, Friday, Nov.

The organizers of the Hack In The Box security conferences in Malaysia are planning their first European show for Amsterdam next July.

Friday, November 27 09:10:50 European shares have this morning extended their steep falls, after yesterday suffering their biggest one-day drop in seven months.

On an isolated peninsula of Oman, the colours of the limestone cliffs and soaring mountains change by the hour BY JANET BAGNALL Canwest News Service Under a clear blue sky, the narrow dirt road climbs straight up the barren rock of Jebel Harim, the highest peak in Oman's northern Hajar mountain range.

After a traumatic year, markets were breathing a sigh of relief. Then the emirate's bubble burst, raising fears of a new meltdown Construction work has stopped at many sites in Dubai.

Dubai's move to suspend payments on its Dubai World conglomerate's debt was "carefully planned" and done in full knowledge of how the markets would react, the chairman of the Supreme Fiscal Committee said on Thursday.

The Middle East/Africa region reported decreases in all three key measurements reported in U.S. dollars for October 2009, according to data compiled by STR Global.

The Dubai Duty Free Foundation has announced a donation of $1.5 million to Smile Train, a charity dedicated to repairing cleft lip and cleft palate deformities in children.

In less than a couple of decades, Dubai has managed to out-bling Vegas. Colour televisions were rare until the late 1970s, but now it boasts the tallest, longest, shiniest, biggest and newest of everything in a sprawling look-at-me metropolis.

Dubai will ask creditors of two of its flagship firms for a standstill on debt worth billions of dollars as a first step toward restructuring Dubai World, the conglomerate which spearheaded the emirate's breakneck growth.

Rwandan Hutu rebels in the Democratic Republic of Congo have thwarted UN-led attempts to disarm them militarily and global action is needed to cut off their financing, UN experts say.

Until last month, a billboard at one of Dubaia s busiest roundabouts featured one photo, of Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum .