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Business United Arab Emirates

  • 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.

  • 5 ways to fall victim to credit card fraud

    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.

  • The cell hacked into credit card processors to steal MasterCard debit card data, which it used to make about 36,000 transactions over 10 hours, the Justice Department said.

  • Thousands of U.K. financial sector workers risk being frozen out of the industry unless they pass mandatory tests measuring their personal ethics and integrity.

  • A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.

  • Egypt hunger for energy will play a role in the instability that has foreign investors asking whether they should quit the country before the other boot drops.

  • Ex-Diplomat Calls for Action on Syria

    Prince Turki bin Faisal Al Saud, former Saudi Ambassador to the U.S., says "nobody is doing anything" about the unrest in Syria and if the world had acted six months ago, we would not be in this "mess".

  • Rigorous new sanctions against Iran's banking, shipping and industrial sectors took effect on Saturday, as part of the European Union's effort to force Tehran to scale back its nuclear program.

  • Stanchart-entrance_200.jpg

    StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.

  • Tehran, Iran

    Iran captured a U.S. drone that was flying in the country's airspace, its media reported on Tuesday. Iran said the aircraft had entered its airspace and would respond "decisively" to any encroachments into its airspace.

  • Bahrain Criticized for Slow Reform Pace

    Reform in Bahrain has been too slow in the year since an independent commission slammed the security forces for their handling of widespread protests by the majority Shia, human rights groups charged on Wednesday, the FT reports.

  • DUBAI, Nov 6- Credit Suisse and Qatar's sovereign wealth fund have set up an asset management joint venture as the gas-rich Gulf state looks to beef up its financial centre and the Swiss bank seeks to tap strong growth in the region.

  • DUBAI, Nov 6- Credit Suisse Group has set up an asset management venture with key shareholder and sovereign wealth fund arm Qatar Holding, the Swiss banking group said on Tuesday.

  • *UniCredit CEO sees no risk of hostile takeover. *Italian press say UniCredit vulnerable, foundations worried. MILAN, Nov 5- Italy's biggest bank denied on Monday there were any plans for a tie up with rival Intesa Sanpaolo after reports that UniCredit chief executive Federico Ghizzoni had been sounded out on the issue.

  • *Hermitage Plaza towers designed by UK architect Foster. PARIS, Nov 4- For Paris, a city whose priciest apartments boast mansard roofs and wrought-iron balconies, it's an audacious bet: a pair of shimmering, largely residential, luxury towers that might look more at home in Dubai or Shanghai.

  • *Hermitage Plaza towers designed by UK architect Foster. PARIS, Nov 4- For Paris, a city whose priciest apartments boast mansard roofs and wrought-iron balconies, it's an audacious bet: a pair of shimmering, largely residential, luxury towers that might look more at home in Dubai or Shanghai.

  • By Radu Marinas and Sam Cage and Justyna Pawlak and Raissa Kasolowsky. BUCHAREST/ BRUSSELS/ DUBAI, Nov 2- Two months into anti-government protests in Syria last year, as the military crackdown grew more vicious, the European Union and United States introduced sanctions against President Bashar al-Assad, his security chiefs and members of his family.

  • *Exodus of talent and money from Russia. Russia is exporting three things in great quantity, says a leading Moscow banker: natural resources, capital and people. Only the first could be regarded as healthy and sustainable; the other two imply that oligarchs and ordinary citizens alike are turning their back on Putin's Russia.

  • Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).

  • DUBAI, Nov 1- The United Arab Emirates' Dana Gas failed to repay a $920 million Islamic bond on maturity, prompting a source close to holders of the bond to say they will stake claim to the natural gas producer's extensive Egyptian assets.