Dubai has shocked investors by asking for a debt standstill at Dubai World, the government's flagship holding company that has developed some of the world's most extravagant real estate projects.
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.
Standing in the shadow of the Burj Dubai Kye Ho Kim of Samsung Construction rattles off the list of records the building will break.
Prize money for golf's richest tournament in Dubai has been cut by 25 percent because of the global economic downturn.
The European Tour looks set to suffer a major body blow this week when it announces a reduction in prize money for this year's flagship $20 million Race to Dubai and Dubai World Championships.
Just stepping into the stadium you can feel the electric atmosphere. Die-hard rugby fan or not, it is thrilling. Tens of thousands of people who have journeyed into the desert to see history being made are in full voice.
The United Arab Emirates pledged $10 billion to prop up Dubai, one of its most ambitious members, Dubai's government said.
Precocious teenager Rory McIlroy takes a two-shot lead into the final day of the fog-hit Dubai Desert Classic as he chases his first European Tour win.
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.
As the economic crisis worsens, we look at the long-term validity of professional golf in the Middle East and Dubai in particular. We also get unprecedented access to some of the world's leading golfers and Adam Scott teams up with world famous coach Butch Harmon for his 'Hot Shots.'
Dubai has shocked investors by asking for a debt standstill at Dubai World, the government's flagship holding company that has developed some of the world's most extravagant real estate projects.
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.
Standing in the shadow of the Burj Dubai Kye Ho Kim of Samsung Construction rattles off the list of records the building will break.
Prize money for golf's richest tournament in Dubai has been cut by 25 percent because of the global economic downturn.
The European Tour looks set to suffer a major body blow this week when it announces a reduction in prize money for this year's flagship $20 million Race to Dubai and Dubai World Championships.
Just stepping into the stadium you can feel the electric atmosphere. Die-hard rugby fan or not, it is thrilling. Tens of thousands of people who have journeyed into the desert to see history being made are in full voice.
The United Arab Emirates pledged $10 billion to prop up Dubai, one of its most ambitious members, Dubai's government said.
Precocious teenager Rory McIlroy takes a two-shot lead into the final day of the fog-hit Dubai Desert Classic as he chases his first European Tour win.
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.
As the economic crisis worsens, we look at the long-term validity of professional golf in the Middle East and Dubai in particular. We also get unprecedented access to some of the world's leading golfers and Adam Scott teams up with world famous coach Butch Harmon for his 'Hot Shots.'
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.
Yvan Bourgnon's $3 million trimaran Team Ocean broke up off the coast of Dubai while attempting a local record.
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.
Business leaders who cut red tape, improved efficiency and kept ahead of multiple demands on their organisations were recognised at the Middle East CEO of the year Awards in Dubai this week.
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.
Unseeded Elena Dementieva came through a star-studded field to lift the Dubai Open title with a 4-6 6-3 6-2 defeat of Russian compatriot Svetlana Kuznetsova, the second seed and former US Open champion.
Anna Chakvetadze defeated Pole Agnieszka Radwanska 6-2 2-6 6-4 in the first round of the Dubai Open, then spoke about the anguish caused by being assaulted and burgled in her Moscow home in December.
Maria Sharapova has dropped out of this week's Dubai Championships because of a viral illness.
The Gulf may still be booming but inflation - and skyrocketing prices - is making life tough for the workforce.
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.
Nestled in a corridor of Emirates Mall in Dubai sits Hassam Goldooz's boutique. The retailer sells Italian ladies fashion to women of the Gulf, and those in for a visit.
Ernie Els will put the memory of his disastrous finish in Dubai last Sunday behind him as he prepares to tackle the inaugural Indian Masters at the Delhi Golf Club this week.
Tiger Woods made a flawless start to his bid for a second Dubai Desert Classic title on Thursday, carding a bogey-free seven-under-par 65 to open up a two-stroke lead over a group of 11 players.
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.
Kerzner International Holdings Limited, through its subsidiaries, is a leading international developer and operator of destination resorts, casinos and luxury hotels.
In a city strewn with scaffolding, it's a project with no equal. Dubai World Central is set to be a bustling metropolis 40 kilometers south of Dubai's city center, with homes, offices and a port no less, surrounding the jewel in the crown -- the world's largest airport.
Building the World's Largest Airport Economic growth fuels the need for a new airport in Dubai. Dubai International Airport has seen passenger traffic more than double in the past five years, and Emirates Airlines recently announced its record order of $35 billion for 143 planes at this year's Dubai Airshow.
Never before have film stars had so many opportunities to pose for the paparazzi. The cinematic diary is crammed full of festivals. Now there's a new one in Abu Dhabi.
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.
Dubai is adept at attracting investment and this month it has laid claim to the world's richest ever golf tournament.
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.
Dubai will stage the world's richest golf tournament as part of the European Tour's 2009 schedule.
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
This week's business news from the Middle East: G.C.C. will wait until December to consider single currency; Dubai firm buys stake in U.S. hedge fund; Rasmala buys majority stake in Egypt finance group
Last Sunday, DP World, one of the world's largest port operators, announced it was going public. But shares will not be listed on the well-established exchanges in London, New York or Hong Kong but on the two-year old Dubai International Financial Exchange (DIFX).
RAPID CHANGE, REAL INVESTMENTS -- A VIEW FROM CITYSCAPE CONFERENCE. DUBAI
In a gallery in Dubai this month, local Emirate collectors, passing American tourists and Egyptian expats will mingle to admire the Fez-clad, cigarette-smoking youths in the photographs of London-based but Moroccan-born artist, Hassan Hajjaj.
This week's business news from the Middle East: Borse Dubai responds to LSE's merger with Italian stock exchange; Kuwait hospitality group buys UK bakery chain; Doha property company signs deal for exclusive French hotel; first direct flight from Middle East to South America.
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.
Britons David Carter and Ross Fisher and New Zealander Steve Alker shared a two-shot lead on nine-under-par 201 after Saturday's Dutch Open third round.
A Swedish regulator said on Thursday state-run Borse Dubai violated Swedish takeover law in the run-up to a bid for exchange owner OMX, but no action against the group was planned.
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.
Borse Dubai launched a $4 billion cash offer for Nordic exchange owner OMX on 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.
Invasor lived up to his billing as the world's best horse by landing the Dubai World Cup at Nad Al Sheba on Saturday.
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...
A weekend off from my Olympic training campaign means flying half way round the world to Dubai to film for Mainsail!
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.
Roger Federer claimed a record for men's tennis dominance on Monday, when he celebrated his 161st consecutive week as world number one.
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.
A great deal of attention is paid to the tricky business of how aspirant MBAs can identify and then get into the best courses at top business schools.
Many people who take MBAs and similar courses would expect to spend their careers working internationally, crossing the globe in pursuit of new challenges.
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.
World number one Tiger Woods has agreed to defend his Dubai Desert Classic title in 2007.
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.
So I've got just under 11 weeks to go until the Flora London Marathon and I've encountered something of a hitch.
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 world of horse racing is in mourning after the sudden death of leading owner and breeder Sheikh Maktoum Rashid Al Maktoum, the ruler of Dubai.
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 ...
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.
Roger Federer replaced Marat Safin at the top of the ATP Champions Race standings following his victory in Sunday's Dubai Open final.
Prize money for golf's 2005 Dubai Desert Classic has been increased to a record $2.2 million, organizers said on Wednesday.
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.
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