Business United Arab Emirates

  • DUBAI, Oct 1- Growth of premiums in Saudi Arabia's Islamic insurance industry has been slowing, but changes in the regulatory environment could reverse that trend in coming years.

  • KUWAIT, Oct 1- Banks in the United Arab Emirates will not be given an extension of the Sept. 30 deadline for them to limit their exposure to state-linked debt, a UAE central bank official said on Monday. Shamsi said the UAE central bank would deal on an individual, case-by-case basis with commercial banks on the issue of the deadline.

  • *Qatar Islamic Bank also in market, may issue sukuk this week. By Rachna Uppal DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. FGB may soon be joined by another regional bank, Qatar Islamic Bank, which is expected to issue a sukuk this week, following investor meetings.

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets, the Financial Times reports.

  • 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.

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

  • 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.

  • 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 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.

  • 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 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.

  • 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

    "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 23% of GDP From Foreign Investment

    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.

  • oil_pump_2_200.jpg

    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.

  • oil_spilled_over_money_200.jpg

    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

  • 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.

  • 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.

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