United Arab Emirates News Archives

DBS disclosed on Monday that its exposure to debt-ridden Dubai is about $1.8 billion, while OCBC Bank and United Overseas Bank said their dealings in the emirate were not significant.

The Tobacco in United Arab Emirates report offers a comprehensive guide to the size and shape of the market at a national level.

The city's largest investment company can't repay $60 billion debt. European stock markets fell again Monday amid concerns about Dubai's debt problems, even though the United Arab Emirates' central bank pledged to make extra funding available to all banks in the country, including foreign institutions with local branches.

MA BOSTON U INDIA The Associated Press BOSTON - Boston University officials say they're looking into the possibility of opening campuses in India and Abu Dhabi.

Chennai, Nov 28: Overseas Indian Affairs Minister Vayalar Ravi on Saturday said that there will be no exodus of Indians on account of Dubai World crisis in the United Arab Emirates.

THE dollar opened higher today, as markets stabilise somewhat after Dubai's call for a "standstill" on paying back its $US60 billion debt until next year.

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.

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 ...

Thiruvananthapuram, Nov 28 : Kerala Saturday said the Dubai debt crisis will hit its economy as many Keralites are working there, and urged the central government to announce a package for those who lose jobs and return home due to the crisis.

Dubai is finally financially bankrupt but it has been morally bankrupt all along.

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.

With a background of Jumairah Island towers, people practice golf Friday in Dubai, United Arab Emirates.

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.

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.

AUSTRIA ITALY Small language school business situated in Tuscany for sale. BUSINESS WANTED: English Language School wanted in UK, New Zealand, Australia, Malta, South Africa or Canada.

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.

Today when most Americans are busy eating turkeys, global markets was hit with news that Dubai, one of the seven emirates in the United Arab Emirates, now seems to be defaulting on its debt, rattling global markets.

New York University on Washington Square East in New York City. There has been an increasing number of Emirati students enrolling in American universities.

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.

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.

In this Tuesday, Dec. 9, 2008, file photo, Iranian senior cleric, Ayatollah Akbar Hashemi Rafsanjani , foreground left, leads prayer of Eid al-Adha, or Feast of the Sacrifice, at the Tehran University campus, in Tehran, Iran .

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.

DUBAI // An armed gang attacked police who had raided a brothel, leaving one officer lying in a pool of blood, a court was told yesterday.

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

A Federal Court judge has ordered the Ministry of Citizenship and Immigration to consider the credibility of a woman's claim that she will be the victim of an "honour killing" if deported to her home country of Pakistan.

Singer Lily Allen attends the landmark Grand Opening of Atlantis, The Palm Resort, and the Palm Jumeirah on November 20, 2008 in Dubai, United Arab Emirates.

The Investment Corporation of Dubai, the state conglomerate that owns Emirates airlines, has been re-arranged by the state's ruler.

Under a clear blue sky, the narrow dirt road climbs straight up the barren rock of Jebel Harim, the highest peak in Omana s northern Hajar mountain range.

According to the latest World Health Organization estimates, influenza H1N1 has so far more victims in Iran than in the other 22 countries of the WHO's Eastern Mediterranean Region.

Ramos> STAN GRANT, CNN INT'L. ANCHOR, PRISM : It's a high- stakes visit to Beijing.

The 11th 2009 Dubai International Air Show, running from Nov. 15 to 19 , has come to an end.

The Abu Dhabi-based financial institution will use Norkom's AML and watch list management solutions.

We all know the stereotype: the average Emirati cannot work and lacks motivation.

By Rana Moussaoui The city centre, devastated during Lebanon's 1975-1990 civil war and paralysed between 2007-2008 by an opposition sit-in and by the Israel-Hezbollah war in 2006, is bustling with activity today Brimming with style, Beirut is regaining its reputation as a shoppers' paradise, with luxury labels such as Christian Dior and Louis ...

United Arab Emirates: 1 hour, 24 minutes ago The Emirati brothers Mohamed and Peyman Parham Al Awadhi, members of the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development, have recorded a qualitative breakthrough in the field of fast food by creating a closely-guarded recipe for the ubiquitous Arabic sandwich, shawarma.

WAM Abu Dhabi, Nov 22, 2009 HE Sultan Nasser Al Suwaidi, the Central Bank Governor has said that United Arab Emirates has a very dynamic economy and it is progressing well.

DUBAI, United Arab Emirates Lee Westwood of England won the European Tour's first Race to Dubai after capturing the Dubai World Championship by six strokes with an 8-under 64 in the final round.

The guy is offered a job, and he says he can't handle wearing a uniform. He is offered another few jobs, and he says working shifts is not for him.

The two-day official visit of President of Ukraine Victor Yushchenko to United Arab Emirates starts today.

Saab has signed a contract for the sale of two airborne surveillance systems to the United Arab Emirates.

"Another first and only edition of a rare book on falconry by Francois de Saincte Aulaire , a grand falconer of France, is priced a 60,000. Hesselink's two companies, Hes & De Graaf Publishers BV and Antiquaraat Forum, are the only rare booksellers in the fair, which runs until November 21.

ABU DHABI // A severe shortage of Emirati female nurses is to be tackled with the launch of a degree programme aimed at raising the perceived prestige of the profession.

View Systems, Inc. , a security and teledata solutions provider, announced that an initial order for 40 ViewScan units has been received from Belcom, a Belhasa company, based in the United Arab Emirates.

A logistical accomplishment, Emirates successfully coordinated the departure of 16 aircraft within 16 minutes each day of the 2009 Dubai Airshow this week.

Thiruvananthapuram, Nov 20 : The emirate of Sharjah announced the setting up of a Science and Technology Innovation Centre in Kochi.

The Afghan minister of mines accepted a bribe of about $30 million to award the country's largest development project to a Chinese mining firm, according to a U.S. official who is familiar with military intelligence reports.

During their meeting in Abu Dhabi Ukrainian President Viktor Yushchenko and UAE President, Sheikh Khalifa bin Zayed Al Nahyan discussed the ways of stepping up bilateral cooperation in various sectors.

Trip: Cruise aboard the Costa Luminosa with ports of call in four of the seven United Arab Emirates , as well as Bahrain.

An American law student says he's taking a legal case against a member of the United Arab Emirates ruling family to the European Court of Human Rights.

Artist Jeanne-Claude, who created the 2005 installation in Central Park called "The Gates" with her husband Christo, has died.

DUBAI: The biennial Dubai Airshow ended on Thursday, fulfilling pessimistic analyst forecasts, as sales of only a bit more than $14 billion dimmed against $155.5 billion in 2007.

U.S. Air Force F-16s and F-22s have deployed to the United Arab Emirates, the service announced Sunday.

Brad Pitt was offered $5 million to make a public appearance at an event in Abu Dhabi - but opted to spend time with his family instead.

United Arab Emirates: 53 minutes ago In yet another milestone, Zenath Contracting and Environmental Engineering Services, a division of the Dubai-based Zenath Group of companies, has signed a contract with the Emaar Group to design, install and commission the sewer collection network at Emaar's prestigious UAQ Marina project.

FAILURE RATE: Kansas City Federal Reserve chief Thomas Hoenig said some US institutions must be allowed to fail, no matter how big or powerful REUTERS, ABU DHABI Tuesday, Nov 17, 2009, Page 10 A US Federal Reserve official said yesterday that the US economy still faced significant weaknesses and urged policymakers to allow large financial ...

A senior Afghan official allegedly took a $20 million bribe to steer a copper mining project to a Chinese company, a glaring example of the claims of corruption clouding the Obama administration's deliberations over expanding the U.S. commitment in Afghanistan.

Airbus said Wednesday it agreed to sell six jetliners to newly created Senegal Airlines, giving the European plane maker bragging rights to more than $5 billion worth of orders at a subdued Dubai Airshow.

United Arab Emirates: 50 minutes ago Etihad Airways, the national airline of the United Arab Emirates, has announced an agreement with aviation IT specialist Lufthansa Systems which will see the airline use the industry-leading flight planning solution Lido/Flight. The contract with Lufthansa Systems, which also includes a number of Lido/Flight ...

In past years, the Dubai Air Show has been mainly about commercial aviation. But recently, a tilt toward weaponry has been visible.

European plane manufacturer Airbus on Tuesday announced its vision for 15 percent of all air traffic to be powered by alternative fuels by 2020.

Passenger traffic at the Dubai International Airport is on track to pass 40 million this year, its chief executive says.

Dubai's extravagance is way over the top, with ultra luxury hotels on artificial islands, slick modern malls and tonnes of precious metals glittering in shops.

Canada was odd-man-out at Monday's International Air Transport Association Agenda for Freedom summit, standing aside as seven governments -- including the United States, Chile, Malaysia, Panama, Singapore, Switzerland, the United Arab Emirates and also the European Commission -- signed IATA's airline liberalization policy document.

Muslims in many countries are increasingly rejecting Darwin's theory of evolution, under the influence of conservative elements in Islam, a science conference was told yesterday.

A senior U.S. Air Force official said Monday he expects the force's involvement in the United Arab Emirates to continue and potentially expand.

Bombardier Aerospace is in talks with several Middle Eastern airlines and expects to sign some orders for its CSeries aircraft within a year from the region.

THAILAND said on Monday it had passed information to the United Arab Emirates proving that Thaksin Shinawatra is living in Dubai, as Bangkok pushes to bring home the fugitive former premier.

Caption: Brad Pitt 's motorcycle is towed away for repairs in Hollywood Los Angeles, California .... BRAD PITT and ANGELINA JOLIE have turned jewellery designers to launch a collection of accessories benefiting the actress' children's charity.

Last month, as part of her recent "Women Around the World" series, the talk show queen conducted an interview via Skype with Dr.

In this Sunday, Sept. 21, 2008 file photo, Iranian Revolutionary Guards members march during a parade ceremony, marking the 28th anniversary of the onset of the Iran - Iraq war , in front of the mausoleum of the late revolutionary founder Ayatollah Ruhollah Khomeini , just outside Tehran , Iran.

In this Nov. 21, 2005 file photo, an Airbus A380 of Emirates Airlines take off for a demonstration flight during the Air show, in Dubai, United Arab Emirates.

DUBAI, United Arab Emirates - Ethiopian Airlines has confirmed an order of 12 A350 XWB aircraft from Airbus at Dubai airshow.

Police investigations mostly move pretty slowly. Facts need to be checked, parties need to be interviewed, and forensic evidence needs to be gathered.

The United Arab Emirates has decided to go ahead with the construction of a 5-billion-dollar oil refinery in Pakistan's south-western Balochistan province, Pakistani officials said Sunday.

Goodrich Corporation has signed a letter of intent with Emirates to become the exclusive provider of evacuation system maintenance, repair and overhaul services for the airline's fleet of 58 Airbus A380 aircraft.

United Arab Emirates: 1 hour, 30 minutes ago His Excellency Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, highlighted the Government's focus on developing the small and medium enterprises by encouraging the culture of innovation and creativity.

Malaysia Sun Monday 9th November, 2009 United Arab Emirates Foreign Trade Minister Lubna Al Qasimi is heading a 70-member delegation to Malaysia to boost economic cooperation between the two countries, WAM news agency reported Monday.

United Arab Emirates: 2 hours, 14 minutes ago Dubai Aviation City Corporation announced today that it will participate in the upcoming Dubai Airshow 2009, the premier industry event and the world's fastest-growing airshow, which takes place from November 15-19, 2009, at the Airport Expo, Dubai.

MTV Networks International has teamed with Abu Dhabi-based twofour54 to launch Comedy Central Studios Arabia, which will develop and produce local Arabic-language comedy content for the Middle East, the companies said Tuesday.

WAM Dubai, Nov 10th, 2009 : Burj Dubai, the world's tallest building, which is being developed by Emaar Properties PJSC, is nearing completion, following the dismantling of the last high-altitude crane used in the tower's construction.

UN plans global anti-corruption reviews Eds: APNewsNow. DUBAI, United Arab Emirates A U.N. official says an agreement has been reached for sweeping anti-corruption reviews on how countries account for their public assets.

Asia Pacific News.Net Thursday 12th November, 2009 The United Arab Emirates and Australia have agreed on measures to strengthen bilateral relations, WAM news agency reported Thursday.

Sun McKay ... "Ita s been really hard, Ia m just astounded." An Australian man detained in the United Arab Emirates for swearing at an official says he intends to ask the official for forgiveness, in the hope it might speed his return home.

DUBAI // Almost one third of the women who approach the emirate's shelter for victims of domestic abuse are Emirati, but there are many more who do not come forward, a forum on the issue heard yesterday.

Etihad Airways of the United Arab Emirates has launched services to Hyderabad, its seventh destination in India.

Sports, especially football, is huge in Dubai. The large immigrant population in the country adds to this craze.

DUBAI: Pakistan's government should meet its fiscal deficit target in the first six months of the 2009/10 fiscal year despite a slippage in the first quarter, Governor State Bank of Pakistan, Salim Raza said late on Tuesday.

United Arab Emirates: 17 minutes ago The growing potential for GCC-UK financial partnerships in the context of the changing global economy will be the focus of a conference to be organised by the Dubai International Financial Centre on Thursday, 12 November 2009 in London.

Wednesday, November 11, 2009 at 9:15 a.m. LANSING, Mich. - Lt. Gov. John Cherry is heading to the Mideast to lure businesses with Michigan's abundant water.

Emirates airline, the biggest buyer of the "superjumbo" Airbus A380, said Wednesday it is considering increasing its order for the double-decker plane despite delays on existing orders.

DUBAI, United Arab Emirates - Just minutes before anti-riot police charged opposition marchers in Tehran last week, a new chant bubbled up from the crowd: "Death to Nobody." It was more than just a play on the "Death to America" slogans that are staples of Iran's political life.

Alinghi has agreed to stage the race in Spain . America's Cup holder Alinghi has accepted Valencia as the venue for next year's race against challengers BMW Oracle, the Swiss-based team said.

United Arab Emirates: 1 hour, 24 minutes ago The Sharjah Economic Development Department and the Ministry of Economy held a meeting with Sharjah's livestock and meat traders and experts to discuss ways to support and stabilize the industry, and to encourage traders to make livestock and meat readily available and not to monopolise them, ...

Pirates have hijacked a Panamanian-flagged ship with 18 crew off the east coast of Africa, the latest in an increasing number of attacks, a Somali businessman said Tuesday.

The Forum for the Future is a joint civil society initiative of the countries of the Broader Middle East and North Africa region and the Group of Eight .

On foreign soil, Homeland Security Secretary Janet Napolitano expressed concern about "backlash" in response to the Ft.

United Arab Emirates: 34 minutes ago Under a proposal by Dubai's Roads and Transport Authority , the process for training young drivers and maintaining standards for professionals would undergo sweeping changes, The National has reported.

United Arab Emirates: 2 hours0 minutes ago Making significant strides to change regional aviation history, the General Civil Aviation Authority , confirmed the appointment of the UAE's first Emirati as a permanent representative of the UAE on the council of the International Civil Aviation Organisation .

Dubai, Nov 7 : At least 1.5 million pills worth nearly $4 million were seized between January and October in a crackdown on illegal drug supply in the United Arab Emirates , WAM news agency reported.

His Highness Sheikh Sultan bin Zayed Al Nahyan, Representative of UAE President, said the tremendous developmental achievements being experienced by the UAE were the results of the sound directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan.

DUBAI: United Arab Emirates' aviation authorities are taking measures to stop airlines banned from European airspace from using airports in this Gulf state.

United Arab Emirates: 1 hour, 36 minutes ago ITU Secretary-General, Dr Hamadoun Toure, and the Director-General of the Telecommunications Regulatory Authority of the United Arab Emirates, Mr Mohamed Al Ghanim, today signed an agreement for the establishment of a brand new museum of information and communication technology which will focus on the ...

The U.S. Homeland Security secretary says she is working to prevent a possible wave of anti-Muslim sentiment after the shootings at Fort Hood in Texas.

DON'T tell anyone but the Federal Government is spending $87.5 million on a new Middle East military base.

United Arab Emirates: 2 hours, 8 minutes ago The First Exporters Forum, due to be held on 9th November at Raffles Hotel Dubai, Wafi City, convenes heads of Dubai Government agencies together with local traders, exporters and federal and government employees under the patronage of H.E. Eng.

United Arab Emirates: 32 minutes ago Etisalat is putting sustainability within reach of its staff and customers by deploying the latest technologies and focusing on quality and efficiency.

In terms of mechanised public transport, much of the Middle East is virtually a blank canvas.

Them are fightin' words! But although Tyler and Whitford are talking breakup, bassist Tom Hamilton points out that the band still owes the record company an album.

United Arab Emirates: 1 hour, 21 minutes ago Emirates Post has opened a new post office in Dubai International Financial Centre , the world's fastest growing international financial centre.

A Middle Eastern plastic processing development is looking to attract processors from North America and other parts of the world.

In Dubai A- the key emirate for arrivals A- figures for H109 show that almost 3.9mn tourists stayed at hotel establishments in Dubai, up by 5% year-on-year , but representing a marked slowdown compared with about 14% y-o-y growth in Q408.

The Swedish IT and medical-technology company Sectra has signed a distribution agreement with Emitac Healthcare, a leading medical technology company in the United Arab Emirates and Qatar.

DUBAI: Ratings agency Moody's downgraded five Dubai state-linked entities including port operator DP World, citing concern over their access to government financial support.

Emirates airline said Thursday it more than doubled its fiscal first-half profit thanks to cost cuts and lower fuel prices, but warned it would take time for travel demand to rebound significantly.

Naji Hamdan, an American of Lebanese origin, looks from the balcony of his home, in Beirut, Lebanon, on Thursday Nov.

Doha: Wealthy Arab funds, eager to buy up distressed film assets abroad, should spend their money closer to home where film-makers are struggling to find funding and distribution channels, according to industry experts.

United Arab Emirates: 2 hours, 56 minutes ago Dick van den Broek Humphreij, Chairman of the European Shippers' Council, said today in a speech to launch the Global Shippers Forum and SITL Dubai, that the recession has been so severe, it could be far longer lasting if we ignore the plight of the multitude of small businesses, the life blood of our ...

United Arab Emirates: 1 hour, 29 minutes ago Traffic & Roads Agency at Roads & Transport Authority in Dubai revealed that RTA public buses have lifted about 83 million passengers by the end of the third quarter of this year through more than 2 million journeys made by internal bus and inter-city bus services.

KUALA LUMPUR: Eleven Malaysian information and communication technology companies secured orders worth RM10.9 million at the ICT trade fair, Gitex Technology Week, from Oct 18-22 in Dubai.

Visitors will have to wait until early next year for the opening of the world's tallest building in Dubai.

Former President Bill Clinton on Wednesday drew a link between extremism and lack of opportunity in the Middle East, telling students in the region that suicide bombers are driven by a feeling they have more to gain in the afterlife than now.

United Arab Emirates: 31 minutes ago National Bank of Abu Dhabi has announced the opening of a new branch in Hor Al Anz in Dubai, taking the total number of the bank's branches across the country to 94.

Abu Dhabi, Nov 3: Etihad Airways of the United Arab Emirates will operate four flights between Abu Dhabi and Hyderabad every week, WAM news agency reported Tuesday.

Sheikh Khalifa bin Zayed al-Nahyan was re-elected president of the United Arab Emirates for a second five-year term yesterday, the official news agency Wam announced.

Students at the United Arab Emirates University in Al-Ain look on October 27, 2009 at what a team at the university's lab says is the world's first Arabic-speaking socially interactive robot.

The latest scientific and technological breakthroughs in desalination and water treatment will be launched by global industry specialists in Dubai for the first time at the International Desalination Association World Congress 2009, being hosted by TechnoPark, the science and technology facilitator of Economic Zones World next month.

MUMBAI, 2 NOV: National air carrier Air India has entered into a strategic alliance with Sharjah-based Aerostar Asset Management to provide engine repair and management solutions to airline operators across the West Asia.

America's Cup champion Alinghi wants the right to defend its title in the Persian Gulf.

The ruler of Dubai has taken part in a high-level meeting to discuss the Gulf emirate's possible bid for the 2020 Olympics.

THE PALESTINIAN Authority yesterday rejected the Obama administration's call for unconditional resumption of negotiations with Israel and castigated the US for dropping its demand for a freeze on Israeli settlement construction in East Jerusalem and the West Bank.

United Arab Emirates: 1 hour, 48 minutes ago Dubai Investments PJSC , the largest investment company listed on the Dubai Financial Market, today announced its financial results for the nine month period ended 30th September 2009 .

You could argue that Abu Dhabi hosts a Formula One race every day of the year. Vast fleets of sports utility vehicles are forever tearing along the four-lane highways of the Gulf state.

Mumbai, Oct 30 : The Dubai Financial Services Authority have signed a Memorandum of Understanding with the Securities and Exchange Board of India here, a report said.