MME sat down with the Ruler of Dubai and Prime Minister of the UAE Sheikh Mohammed Bin Rashid Al Maktoum.
MME special edition: Delving into the Emirate of Dubai
In Focus -- Dubai's investor woes
The Dubai government announced plans Thursday to inject $9.5 billion in funding to help out its state-owned holding company, Dubai World.
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.
World No. 4 Lee Westwood goes into the final round of the Dubai Desert Classic in a four-way share of the lead following his four-under-par 68 on Saturday.
One of the best shots of his life helped Swede Martin Erlandsson to an eight-under-par 64 and a one-stroke lead on the opening day of the South African Open.
Abu Dhabi's decision to offer Dubai financial succour has bought time for the debt-laden emirate to restructure its troubled Dubai World conglomerate, but the former boom town still faces a severe test.
Dubai gets $10 billion from neighboring Abu Dhabi to pay down its debt. CNN's Cal Perry reports
Abu Dhabi stepped in to help troubled fellow emirate Dubai and its state-owned holding company, Dubai World, with $10 billion in financing on Monday.
The credit downgrades of Dubai's government-owned companies have triggered an accelerated payment clause on a $2bn debt issued by the emirate's utilities provider.
U.S. stocks headed for a lower start Tuesday as a shake-up in world markets made its way across the Atlantic, adding to investor uneasiness about the economy.
Is 2010 going to be another tough year of growth for the European Tour and Lee Westwood on his win in Dubai.
The 2010 European Tour golf schedule -- known as the Race to Dubai -- will feature a minimum of 47 events, including six new tournaments, culminating in the Dubai World Championship at the Jumeirah Golf Estates on November 25-28 -- the official European Tour Web site has confirmed.
Dubai World may be forced to sell overseas assets as part of its restructuring process, a top Dubai finance official conceded on Monday, but he said the government would not divest businesses to support the holding company.
In Focus -- Dubai World: What Next?
Bondholders and creditors have begun mobilising in response to Dubai World's $26bn restructuring plans, as Dubai's ruler on Tuesday sought to reassure investors that his debt-laden emirate's economy remained sound.
CNNMoney: Dow at 14-month highupdated: Tue Dec 01 2009 18:19:00
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.
Gold prices crossed $1,200 an ounce Tuesday and closed at a record high as dollar weakness and easing of Dubai debt fears pushed the precious metal higher.
Whether knowingly or not, Dubai, a city state built with grandiose long-term plans financed by piles of short-term debt, has cut off a crucial lifeline that may have helped it navigate the storm that threatens to engulf it.
Oil rich Abu Dhabi is in talks with fellow Emirate Dubai over its debt, as CNN's Jim Boulden reports.
The government of Dubai on Monday said it would not guarantee the debt of Dubai World as it sought clarify comments made last week by the state-owned entity that sent shockwaves through global markets.
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.
Stock markets in Europe closed higher Friday, despite ongoing concerns about a possible loan default by Dubai's state-owned investment fund, which sent Asian and U.S. markets sharply lower.
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.
Oil futures sank more than 2% on Friday as investors worried about Dubai World's debt woes and moved into safe-haven assets including the dollar.
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.
The United Arab Emirates on Sunday stepped in to shore up its banks and head off any potential capital flight as the nation's federal authorities attempted to counter concerns over Dubai's debt problems.
CNN's Richard Quest and Ali Velshi discuss what the Dubai debt crisis could mean for investors around the world.
Market experts say the debt revelations from Dubai this week will not lead the global economy back into recession, but have seriously damaged the Emirate's standing as a leading financial hub.
Treasurys jumped Friday as investors flocked to the perceived safety of U.S. debt amid concerns about Dubai World's credit problems.
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.
Dubai World is Dubai's standard bearer for global investments.
The U.S. stock market opened lower on Friday as traders seized their first chance to respond to Dubai's debt problems.
Lee Westwood charged to a runaway victory in the inaugural Dubai World Championship on Sunday to be crowned Europe's number one golfer this year.
U.S. stocks were set to open lower Friday, following sharp declines in Asian markets, as Dubai World and its debt woes threatened Wall Street's confidence.
Stock markets in Asia suffered sharp falls on Friday as global investors scrambled to understand the implications of Dubai World's restructuring and unexpected debt standstill.
CNN's Charles Hodson and John Defterios discuss the implications of Dubai World's debt dilemma.
Banks led the London market lower on Thursday as Dubai's attempt to reschedule debt led investors to dump riskier investments, sending the FTSE 100 to its biggest daily fall since March.
Dubai sent investors reeling Thursday after asking creditors to freeze the debt repayments of one of its biggest holding companies, Dubai World.
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.
Lee Westwood says his double triumph at the Dubai World Championship was the highlight of his 31-win career.
Northern Ireland's Rory McIlroy leads a quartet of golfing stars who can land the inaugural Race to Dubai crown as the European season reaches its finale in the emirate on Thursday.
Lee Westwood will take a commanding five-shot lead over European Tour money list rival Rory McIlroy into the final round of the season-ending Dubai World Championship on Sunday.
While Europe's best golfers were focusing their attention this year on chasing a share of the $15 million on offer for the Race to Dubai the event's organizers were in a mad scramble to just get the tournament up and running.
CNN's Justin Armsden talks to European Tour CEO, George O'Grady about how the Tour plans to bounce back.
Lee Westwood claimed the halfway lead at the Dubai World Championship as two birdies on the final three holes gave him a two-shot advantage over a six-strong group tied for second place.
Lee Westwood stole an early march on European Tour money list leader Rory McIlroy as he fired a superb six-under-par 66 on the opening day of the season-ending Dubai World Championship.
CNN's World Sport reports the European Tour will cut its prize money because of financial problems with the tournament.
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.
The economic downturn has claimed another prestigious event on the European Tour with this year's British Masters dropped from the schedule.
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.'
As one thrilling season draws to a close, it's time to look toward next year and what is set to be a packed calendar.
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
There was a time when Frankie Dettori saddled up to race 1,200 times a year. Now he's one of the world's leading jockeys, he has cut his commitments by half.
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.
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.
Marketplace Middle East takes a look into Dubai's ambition to become the world's next aviation hub.
Dubai is adept at attracting investment and this month it has laid claim to the world's richest ever golf tournament.
Dubai will stage the world's richest golf tournament as part of the European Tour's 2009 schedule.
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