Business News United Arab Emirates

  • The Burj Dubai towers in Dubai, United Arab Emirates.

    A faulty elevator was behind the shutdown of the observation deck on the world's tallest tower that effectively closed the half-mile-high Burj Khalifa to the public, witnesses and a Dubai rescue official said Tuesday.

  • signs_in_dubai_200.jpg

    By providing a $10 billion lifeline to Dubai on Monday, oil-rich Abu Dhabi has granted its debt-stricken neighbor a critical short-term reprieve from its creditors. But in doing so, it also appears determined to tighten the reins that Dubai has long resisted. The New York Times reports.

  • Abu Dhbai

    Investors are watching to see if Abu Dhabi will use its wealth to bail out Dubai, the deeply indebted emirate that shook world markets when it said last week that its chief investment arm, Dubai World, would not be able to pay its debts on time. The New York Times reports.

  • The Hotel Steigenberger 'Bellvedere' in Davos, Switzerland,

    It's not just what's heard, it's what's seen at the security check lines at Davos.

  • The United Arab Emirates would only increase oil production as part of a decision agreed by all of OPEC, Oil Minister Mohammed al-Hamli said on Wednesday, dashing faint hopes it might follow recent Saudi boosts.

  • Erin Burnett has been travelling the globe in search of the market movers of tomorrow.  So far she has been to Dubai, will be in Mumbai, India tomorrow and goes to London next week.  Here are some stats on the economies she has visited.

  • Boeing's Dreamliner 787.

    Airbus and Boeing ensured 2007 smashes all records for plane sales as deals announced at the Dubai air show neared $80 billion on Monday, powered by demand from Gulf Arab states.

  • Airbus and Boeing ensured 2007 smashes all records for plane sales as deals announced at the Dubai air show neared $80 billion on Monday, powered by demand from Gulf Arab states.

  • Owners of London-based The Big Bus, which runs hop-on hop-off tourist buses in the British capital, Baltimore and Dubai, sold a 30% stake to a Gulf Arab family, Abu Dhabi's Al Fahim Group said on Tuesday.