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As record oil prices dominate the headlines, natural gas is an energy sector gaining more recognition. MME's John Defterios (JD) talks with the CEO of Dolphin Energy, Ahmed Ali Al Sayegh (AS) about the importance of the natural gas sector, the impact of high oil prices, and increasing global energy demand.
They're doing the same job. But suddenly Dubai's migrant workers are earning a lot less money.
Going to to the supermarket is a chore at the best of times.
On Wednesday, at the glittering Emirates Palace hotel, in front of a who's who of the United Arab Emirates, the front page of the world's newest daily broadsheet was unveiled.
This week, the International Monetary Fund (IMF) warned the Gulf countries that inflation could pose a serious risk to their economies.
China's economy is booming and Sheikh Mohammed Bin Rashid Al Maktoum's visit there this week highlights the U.A.E.'s ambitions to join in on this growth. CNN's John Defterios (JD) sits down with Shaukat Aziz (SA), former Prime Minister to Pakistan to talk about the emerging relationship.
This week the who's who of the United Arab Emirates rubbed shoulders at a Gala dinner. Business people talked deals, swapped business cards and rubbed shoulders with government elite -- in China.
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.
As record oil prices dominate the headlines, natural gas is an energy sector gaining more recognition. MME's John Defterios (JD) talks with the CEO of Dolphin Energy, Ahmed Ali Al Sayegh (AS) about the importance of the natural gas sector, the impact of high oil prices, and increasing global energy demand.
They're doing the same job. But suddenly Dubai's migrant workers are earning a lot less money.
Going to to the supermarket is a chore at the best of times.
On Wednesday, at the glittering Emirates Palace hotel, in front of a who's who of the United Arab Emirates, the front page of the world's newest daily broadsheet was unveiled.
This week, the International Monetary Fund (IMF) warned the Gulf countries that inflation could pose a serious risk to their economies.
China's economy is booming and Sheikh Mohammed Bin Rashid Al Maktoum's visit there this week highlights the U.A.E.'s ambitions to join in on this growth. CNN's John Defterios (JD) sits down with Shaukat Aziz (SA), former Prime Minister to Pakistan to talk about the emerging relationship.
This week the who's who of the United Arab Emirates rubbed shoulders at a Gala dinner. Business people talked deals, swapped business cards and rubbed shoulders with government elite -- in China.
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.
Halfway around the world, a zero-carbon, zero-waste, automobile-free city known as Masdar is rising from a 2.3-square mile plot of desert in Abu Dhabi.
A massive stage set in the middle of an empty stretch of Abu Dhabi's desert, with a projector screen several stories high, lined with TV cameras and lights. It was the setting for a stunning announcement -- an ambitious plan to spend $22 billion to build an entirely new green city.
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.
You expect a motorist to shell out a little extra cash for a vanity license plate.
High-technology services across large tracts of Asia, the Middle East and North Africa were crippled Thursday following a widespread Internet failure which brought many businesses to a standstill and left others struggling to cope.
Abu Dhabi has lots of oil and an enormous carbon footprint, but the capital of the United Arab Emirates is putting huge resources into alternative energy. Why?
A strike by construction workers in one of the world's fastest-growing financial centers stretched into a third day Monday, with workers in the United Arab Emirates demanding better pay and working conditions, police said.
The declining dollar, surging oil prices, and exploding growth across the Persian Gulf are causing inflation levels to rise. Kuwait has already abandoned the dollar. And some analysts say the rest of the GCC may have to do the same to fight inflation. But do the Gulf banks agree? And how far do they think switching to a basket of currencies will bring down prices?
Not only is Sheikha Lubna Al Qasimi the first woman to hold a ministerial post in the United Arab Emirates, the first female minister of economy in the Gulf, and the first to start a Middle Eastern BB marketplace, but she's also the first minister - anywhere in the world - to launch her own perfume line.
A visit to Abu Dhabi best illustrates the scale of the dream projects underway. Some projects that probably would never get off the ground elsewhere are finding a home in the Middle East, specifically the Louvre and Guggenheim outposts planned in Abu Dhabi.
Khaldoon Khalifa Al Mubarak is CEO of Mubadala Development Company. In this role, he oversees the delivery of an aggressive investment strategy, generating significant financial returns and driving sustainable economic development in the United Arab Emirates.
OPEC was deciding Tuesday whether to maintain its production quota or give it a modest and symbolic boost to calm oil markets worried that there may not be enough crude to meet global demand by year's end.
OPEC is almost certain to maintain its current production target this week - but analysts say the cartel could be forced into action if rising crude oil prices start having a chilling effect on the global economy.
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.
A one-legged Emirati father of 78 is lining up his next two wives in a bid to reach his target of 100 children by 2015, Emirates Today reported on Monday.
Film studio Paramount Pictures Monday said it agreed to let Middle East real estate company Ruwaad Holdings build a theme park in the United Arab Emirates using its hit movies such as "Titanic."
Lebanese forces fired four guided air-to-ground missiles at suspected militant positions Saturday inside the Nahr el-Bared Palestinian refugee camp in northern Lebanon, Lebanese security forces said.
Cece Clark's fibroids had gotten so bad that she often had to lie down in the middle of the day. When she got up, it was usually for another trip to the bathroom. "My periods were astoundingly heavy, and pressure on my bladder made me feel like I had to go all the time," she recalls. But after she tried an uncommon ultrasound treatment, everything changed. "The pressure lessened right away," she says. "It was such a physical and emotional relief."
Three Finnish men, detained over the weekend by Tehran for allegedly straying into Irainian waters during a fishing trip in the Persian Gulf, have been released, a Finland foreign ministry official says.
"We're one of the country's biggest exporters of marshmallows. We also sell our own lines of gourmet pretzels and popcorn to 41 countries. This means that we have to be pretty creative at tapping i...
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, United Arab Emirates -- It was a lovely week at the Emirates Golf Club. Palms rustled, birds chirped, pile-drivers hammered, tractors roared, construction cranes rattled, saws whined, dumpsters clanged, trucks groaned, and traffic on Sheikh Zayed Road top-dressed the ambient cacophony with a lusty baritone hum. What was vacant desert just a few years ago is now a construction project to beggar the imagination, with dozens and dozens of skyscrapers springing skyward.
Saad Al-Jassem slips out of his dishdasha revealing a body in extraordinary shape for a man who turns 70 this year. On a traditional wooden dhow off Doha's corniche, Saad is getting ready to show me how to dive for pearls.
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.
Whether we are commuting to work, flying to business meetings or watching as explorers venture out into space, human activity is relentless. In a world that is constantly in motion, what does the future hold?
The Iraqi government sent a clear message to its neighbors Monday, warning them to turn over people on a most-wanted list or risk contributing to a spread of terrorism that would engulf the region.
Grammy-winning hip-hop producer Dallas Austin faces drug possession charges in the United Arab Emirates that could land him a lengthy prison term, Middle Eastern legal sources said Tuesday.
The Arabic-language satellite network Al-Jazeera has broadcast video showing a United Arab Emirates diplomat who was kidnapped earlier this week.
Gunmen kidnapped a United Arab Emirates diplomat in an upscale Baghdad neighborhood Tuesday evening, wounding his bodyguard in the process, police 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...
Although only the narrow Straits of Gibraltar separate Morocco from Spain, the announcement last week of huge capital investment by the United Arab Emirates has brought the Gulf states economically closer to the North African country than their European neighbors.
A note from Erick Schonfeld: After six years of writing Future Boy, I'm handing the reins to my colleague Chris Taylor to focus on features for the magazine and my B2Day blog, which you can also subscribe to by e-mail or RSS. Taylor shares my interest in the Internet and new media, but he's also interested in other boundaries of technology, like space, the subject of his first Future Boy column.
United Arab Emirates-based DP World announced Thursday, after weeks of public and political debate, that it would transfer operation of six key U.S. ports to a U.S. "entity." As the dust settles on the failed deal, CNN.com asked readers for their thoughts on what was really behind the controversy:
President Bush said Friday he was concerned about the "broader message" that the failed port operation deal with a United Arab Emirates company sends to other Arab allies in the U.S. war on terrorism.
United Arab Emirates-owned DP World said Thursday it would transfer its operations of American ports to a "U.S. entity" after congressional leaders reportedly told President Bush that the firm's takeover deal was essentially dead on Capitol Hill.
Congress sent its first shot across President Bush's bow Wednesday, as the House Appropriations Committee voted 62-2 to block a controversial deal that would allow Dubai Ports World to operate some terminals at U.S. ports.
Two Republican lawmakers have submitted compromises to the White House aimed at ending a dispute over a deal that would give a United Arab Emirates-owned company control of several U.S. port terminals.
In what would be a veto challenge to President Bush, House members have introduced or are planning legislation to stop a United Arab Emirates-controlled firm from taking over operations at some U.S. ports.
The DP World deal to obtain the right to operate in U.S. ports has engulfed Washington in controversy since the deal was announced in February. Below are some answers to key questions about the deal and the resulting controversy:
Republican objections to the Dubai ports deal haven't stabilized in Congress this week, despite the promise of a 45-day delay and nonstop crisis management by the Bush Administration. If anything, they've increased.
Two U.S. lawmakers called Sunday for overhauling the rules by which the United States approves foreign management of facilities involved in national security.
The chairman of Israel's largest shipping firm has strongly backed a deal that would give a United Arab Emirates-based shipping company control of several U.S. port terminals, while another GOP leader expressed strong opposition.
A review of a United Arab Emirates-owned company's plan to take over a portion of operations at key U.S. ports never looked into whether the company had ties to al Qaeda or other terrorists, a key Republican lawmaker told CNN on Wednesday.
Australia and New Zealand have submitted a bid covering both the 2011 and 2015 World Cups while England also want to host the 2015 event.
A top executive of the Dubai-based company that hopes to take over about a dozen terminals in six U.S. ports defended the deal before a Senate committee Tuesday.
The fury over a Danish newspaper's cartoons of the prophet Mohammed--depicted wearing a bomb-shaped turban in one--shows no signs of abating. Last month Danish embassies in three countries and this...
Republicans in Congress are crafting a solution under which the controversial deal allowing a state-owned Arab company to run some terminals at six U.S. ports could move forward.
The Port Authority of New York and New Jersey filed a lawsuit Friday in a New Jersey civil court to prevent a deal that would transfer control of the Newark container terminal to a company owned by the United Arab Emirates.
Some members of Congress have called a deal allowing a company controlled by the United Arab Emirates to take over management of six big American ports a dangerous move.
Dubai Ports World has agreed to postpone its plans to take over management of six U.S. ports after the proposal ignited harsh bipartisan criticism on Capitol Hill.
The White House said Wednesday that critics of a deal that would let a United Arab Emirates company manage six U.S. seaports are "misinformed," but conceded it should have consulted Congress earlier.
President Bush on Tuesday defended a deal that would let a United Arab Emirates-based company run some key U.S. seaports, telling reporters that he would veto any bill to hold up the agreement.
President Bush on Monday faced political pressure to block a deal that would give a United Arab Emirates-based company management of six major U.S. seaports.
Saudi authorities are investigating what caused a small hotel in Mecca to collapse Thursday, killing and wounding scores of Muslim pilgrims, an Interior Ministry spokesman told Saudi's state-run news agency.
Saudi authorities are investigating what caused a small hotel in Mecca to collapse Thursday, killing at least 20 Muslim pilgrims and wounding 59 others, an Interior Ministry spokesman told Saudi's state-run news agency.
Kilian Albrecht will ski for Austria again after his bid to represent the United Arab Emirates failed.
In a step toward its first political reforms, the United Arab Emirates announced Thursday it will hold the first elections for its consultative council since the nation was founded in 1971.
For long-distance business travelers, conquering jet lag is a priority as they need to maximize their performance on the road.
Days before the U.S.-led invasion of Iraq in 2003, Saddam Hussein agreed in principle to accept an offer of exile from the United Arab Emirates, but the deal fell through, a UAE government senior official told CNN.
The Middle East, in a desire to expand its economic base from a traditional reliance on oil, is enthusiastically embracing executive education and investing in facilities to drive the sector's growth.
Pity the ignorant executive who boards a plane for the United Arab Emirates bragging about his Ritz-Carlton reservations. Because even before landing, he'll spot the best business hotel in the Midd...
The Middle East is becoming one of the planet's most fertile mobile-phone markets. By 2008 the number of wireless subscribers in the area is expected to swell to 110 million, up from 44 million in ...
An American U-2 spy plane crashed early Wednesday morning in the United Arab Emirates, killing the pilot, U.S. military officials said.
Four American allies in the Persian Gulf are among the countries criticized for not doing enough to combat human trafficking in a U.S. State Department report released Friday.
In the UAE, impatience is seen as bad form.
The eldest son of the late leader of the United Arab Emirates has been elected successor to his father, official sources have told CNN.
The eldest son of the late leader of the United Arab Emirates has been elected successor to his father, official sources told CNN.
Arabic newspapers gave special coverage to the American elections on Wednesday, but the story ranked second behind the death of Sheikh Zayed, the UAE president.
After ailing for many years, United Arab Emirates president and founder Sheikh Zayed bin Sultan al-Nahyan has died Tuesday, according to his office. He was about 90.
Sheikh Zayed bin Sultan al-Nahyan, president and founder of the United Arab Emirates, has died after many years of poor health, according to his office. He was about 90.
Margaret Hassan, the kidnapped director of CARE International in Iraq, again pleaded for her life in a videotape that aired Wednesday on the Arabic-language network Al-Jazeera, urging Britons to pressure Prime Minister Tony Blair to withdraw troops from the country.
A Filipino truck driver who was taken hostage in Iraq earlier this month has been freed after Manila fulfilled his kidnappers' demands, Philippine and United Arab Emirates officials said.
U.S. stock markets look to get a lift at the open Wednesday from a slight retreat from another record price for oil futures.
Video posted on an al Qaeda-linked Web site of the beheading of a U.S. civilian in Iraq has prompted outrage around the world.
A bomb threat temporarily closed the U.S. Embassy and consulate general offices in the United Arab Emirates on Wednesday, according to a senior United Arab Emirates official and a statement from the embassy.
An Iranian airliner crashed Tuesday as it approached Sharjah International Airport in the United Arab Emirates, killing 43 people, government officials said.
United Arab Emirates coach Roy Hodgson returned home to England on Thursday after being sacked.
Q. After my husband was laid off, he landed a new position that offered a higher salary. The bad news is that the tax bite on his severance package and the large payout from his nonqualified deferr...
TWO WAYS TO MEASURE To compare incomes among countries realistically, you have to adjust for what a given sum of money can buy in each. That's what University of Pennsylvania economists Robert Summ...
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