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United Arab Emirates

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  • Venerable Ocean Liner to Become Dubai Hotel Tuesday, 3 Jul 2012 | 3:09 PM ET
    RMS Queen Elizabeth 2

    The vessel will open as the centrepiece of an entertainment village, including a maritime museum, in Port Rashid, where it has been berthed since it was retired from service in 2008.

  • Emirate Airlines Profit Plunges on Sky-High Fuel Costs Thursday, 10 May 2012 | 7:57 AM ET

    Emirates Airlines reported a 72 percent drop in 2011 earnings on Thursday, with rocketing fuel prices cutting into profits.

  • UAE Manufacturing ‘Solid,’ Orders Advance: HSBC Thursday, 3 May 2012 | 10:30 AM ET
    Dubai Palm Island

    In April, the HSBC UAE Purchasing Managers' Index rose to 53.5, the highest level since June 2011. The one-point increase is the strongest monthly gain since October of last year.

  • The World’s Biggest Oil Producers Wednesday, 25 Apr 2012 | 12:23 PM ET
    Given the pace of global growth, experts say crude oil prices are higher than they should be – largely the result of concern Iran might close the Strait of Hormuz in its showdown with the U.S. and E.U. over the expansion of its nuclear program.Like Iran, some of the world’s other biggest oil producers can be subject to unpredictable and unstable political events, causing price shocks. Such was the case during the 2011 civil unrest in Libya. At the time, Libya was the 17th largest oil-producing c

    Big movements in the price of oil can have significant effects on the economy, and countries with the most oil within their borders are set to benefit, as demand for crude continues to rise.

  • Dubai Debtors Go on Hunger Strike Tuesday, 24 Apr 2012 | 6:08 AM ET
    Dubai Palm Island

    About 20 jailed foreign businessmen have gone on hunger strike in Dubai to protest against lengthy sentences for writing checks that bounced, a criminal offence in the United Arab Emirates.

  • Controversy Surrounds Formula 1 Race in Bahrain Monday, 16 Apr 2012 | 5:19 AM ET
    Formula 1 track, Bahrain

    As drivers and teams prepare to travel to the Kingdom of Bahrain for the fourth race of the season, protests in the capital Manama reflect a political situation that is far from resolved. And it isn’t the first time Formula 1 has courted international condemnation in order to keep its racing schedule.

  • Dubai Police Chief Slams Muslim Brotherhood Wednesday, 28 Mar 2012 | 4:54 AM ET
    Dubai at night

    Dubai’s chief of police has thrust himself into a regional controversy, becoming the voice of Emirati opposition to the rising power of Islamists in the Arab world. The Financial Times reports.

  • EU Liquidity Spurs Middle East Investing: Trader Wednesday, 21 Mar 2012 | 8:42 AM ET

    European Central Bank liquidity measures are spurring investment in the Middle East, the head of an Abu Dhabi-based foreign exchange and commodities trading firm told CNBC Wednesday.

  • Investing in Abu Dhabi     Wednesday, 21 Mar 2012 | 4:15 AM ET

    "Abu Dhabi is a very stable and long-term orientated environment," Mahmood Ebraheem Al Mahmood, CEO of ADS Securities, told CNBC, speaking from Abu Dhabi.

  • Abu Dhabi wants to see 23 percent of its gross domestic product coming from foreign investment, Mohammed Omar Abdullah, undersecretary, Abu Dhabi Department of Economic Development, told CNBC. "Abu Dhabi is considered as an attractive destination for investment," he added.

  • New information suggests that Iran’s oil production may not have fallen as much as other industry reports have speculated. The latest publication of data by the Joint Organizations Data Initiative (JODI) published on Sunday showed Iran produced 3.72 million barrels per day in January, marking the highest output since December 2008.

  • Energy Ministers to Talk Oil Prices and Speculation Monday, 12 Mar 2012 | 4:46 AM ET

    The 13th International Energy Forum (IEF) kicks off on Tuesday in Kuwait City, bringing to the table energy ministers from 88 countries around the world representing some 90 percent of global supply and demand

  • The World's Biggest Oil Reserves Monday, 5 Mar 2012 | 2:08 PM ET
    Heat rises from stacks at the Chevron refinery in Richmond, California.

    With the most recent data from the Energy Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves.

  • Most Productive Cities Tuesday, 28 Feb 2012 | 5:52 PM ET
    The Brookings Institution recently issued a report the compared per-capita gross domestic product and changes in employment data from 2010 to 2011 in 200 of the world’s largest metropolitan areas. The report found that these areas produced 48 percent of global output despite accounting for only 14 percent of the world’s population and employment.In other findings: Ninety percent of the fastest-growing economies were outside North America and western Europe; U.S. metropolitan areas outperformed t

    The Brookings Institution analyzed the financial data of the world’s largest metropolitan areas and uncovered some interesting findings. Check out which cities were the most productive.

  • A French Rafale fighter jet

    Reports that Brazil might follow India in purchasing the Rafale jetfighter from French plane maker Dassault Aviation will not only benefit to Dassault, but will also help electronics group Thales, Francois Mallet, managing director head of equity at Kepler Capital Markets said on Monday.

  • Euro Gets a Lift, China Inks a Deal Thursday, 19 Jan 2012 | 8:06 AM ET

    Bond auctions squeeze euro shorts and China signs a currency swap pact - it's time for your FX Fix.

  • UAE Unemployment Is High, but Not for Lack of Jobs Tuesday, 27 Sep 2011 | 3:48 PM ET
    Dubai

    Even the Gulf countries were not spared by the European and U.S. debt crisis. With unemployment figures estimated as high as 12 percent, the United Arab Emirates has lots of gaps to fill, Saqr Ghobash, the minister of labor for the UAE, told CNBC.com Tuesday.

  • Emirates Continues to Grow     Monday, 12 Sep 2011 | 12:30 AM ET

    Tim Clark, President of Emirates says Emirates' wide global reach is helping boost demand.

  • Qatar Puts Up Cash for Greek Bank Merger     Monday, 29 Aug 2011 | 2:00 AM ET

    CNBC's Guy Johnson reports from Greece on the proposed merger between the country's second and third largest banks, Alpha Bank and Eurobank.

  • MSCI Keeps Qatar, UAE Waiting on Upgrade Thursday, 23 Jun 2011 | 1:43 AM ET

    The UAE and Qatar markets are in focus as the highly anticipated MSCI decision on whether or not to upgrade these markets from ‘frontier’ to ‘emerging markets’ status was delayed until December of this year.