Emiratis hope that the global economic downturn will reduce the number of foreigners pouring into their country and give them a chance to reassert their way of life.
Emiratis hope that the global economic downturn will reduce the number of foreigners pouring into their country and give them a chance to reassert their way of life.
A slowdown in the Persian Gulf might feel like a crash landing in places like Egypt, Jordan and Syria, where gulf money has helped prop up strained economies.
With the dollar’s modest comeback and oil’s retreat, policy makers in the region have been bolstered in their resolve to keep currency pegs in place.
General Electric said it would partner with Mubadala Development Company, an Abu Dhabi-based sovereign wealth fund, to create an $8 billion commercial finance fund.
Shenzhen and Dubai may have outstripped Paris and New York as civic models. But can an instant city ever feel like the real thing?
One of the Middle East’s wealthiest ruling families has a new asset: The National, a newspaper that promises independence from its royal owners.