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United Arab Emirates

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  • US Defense Companies Go On Overseas Offensive Wednesday, 15 May 2013 | 1:59 PM ET
    A United States Army missile defense system.

    As American defense companies prepare to feel the ill effects of the sequester on their bottom lines, the companies are increasingly looking to court new customers abroad.

  • *Turkey's monetary policy mix is unusually intricate. DUBAI, May 15- When Turkey's central bank cut interest rates last month, its decision aroused a mixture of approval, criticism and sheer confusion about exactly what the decision aimed to achieve.

  • WASHINGTON, May 15- The United States blacklisted an exchange house and a trading company based in the United Arab Emirates on Wednesday, saying they had dealt with Iranian banks that Washington has declared off limits.

  • DUBAI, May 15- A drive for tighter regulation of Saudi Arabia's stock market may help to break the hold of short-term speculators on share prices, making the market more attractive to local and foreign institutional investors.

  • "I've had enough of Sudan and will go to Saudi Arabia," said Taha. " Taha, who has been working in an office accounts department for two years because he could not find a professional post, has just been hired as an engineer by a construction firm in Saudi Arabia- a move that will increase his salary sevenfold to 2,500 Saudi riyals a month.

  • Kuwait court ruling may threaten economic recovery Wednesday, 15 May 2013 | 10:00 AM ET

    KUWAIT, May 15- A ruling by Kuwait's top court next month could end a period of relative political stability, jeopardising government plans to push ahead with long-delayed economic projects.

  • WASHINGTON, May 15- The United States on Wednesday blacklisted a UAE- based exchange house and a trading company, which it said had dealt with Iranian banks that Washington had declared off limits.

  • NEW YORK, May 14- A seventh defendant pleaded not guilty on Tuesday to charges he participated in a global ATM heist that stole $45 million from two Middle East banks. Elvis Rodriguez, 24, was accused of being a member of a "casher" crew that withdrew hundreds of thousands of dollars in New York as part of the heist.

  • YOUR MONEY-Low costs lure U.S. college students abroad Monday, 13 May 2013 | 11:55 AM ET

    BOSTON, May 13- Looking for a low-cost college option? Patrick Finger, a high school senior from Southern California, did just that. He estimates his total expenses in Germany will amount to what he would spend in less than one year in the United States. "

  • Politics commandeer stage in Mideast TV contest Monday, 13 May 2013 | 8:43 AM ET

    Two contestants are from civil war-ravaged Syria, including a singer-composer whose bus was ambushed by gunmen en route to her audition and a music student who brought judges to tears with a song lamenting the devastation of his hometown of Aleppo.

  • NEW YORK, May 12- Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say.

  • NEW YORK, May 12- Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say.

  • Indian Companies at Center of Global Cyber Heist Sunday, 12 May 2013 | 4:23 AM ET

    Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by U.S. authorities this week.

  • DUBAI/ BOSTON, May 11- Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by U.S. authorities this week.

  • DUBAI/ NEW YORK, May 11- One of the credit card processing companies whose security was breached in a $45 million global cyber heist was India's ElectraCard Services, according to two people familiar with the situation.

  • May 10- A brazen gang of cyber criminals, who stole $45 million from bank ATMs in 27 countries, exposes an Achilles heel in the global financial industry: prepaid debit cards.

  • Prepaid debit cards: a weak link in bank security Friday, 10 May 2013 | 7:35 PM ET

    May 10- A brazen gang of cyber criminals, who stole $45 million from bank ATMs in 27 countries, exposes an Achilles heel in the global financial industry: prepaid debit cards.

  • *UAE would pay up to 80 percent of the operating costs. The United States has pre-clearance centers at 15 locations in Canada, Aruba, Bermuda, the Bahamas and Ireland, according to the U.S. Customs and Border Protection website.

  • WASHINGTON, May 10- An agreement to extend U.S. customs pre-clearance operations to Abu Dhabi International Airport in the United Arab Emirates has drawn criticism from a group of U.S. senators, who are pressing for more information on the pact.

  • FRANKFURT, May 10- German prosecutors said on Friday they had arrested two Dutch citizens suspected of involvement in a $45 million global cyber heist unveiled the previous day by U.S. authorities. A 35- year-old man and a 56- year-old woman were caught on Feb. 19 withdrawing 170,000 euros in Düsseldorf using Bank of Muscat credit cards.