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United Arab Emirates

Emirates vows to protect national banking system

Emirates vows to protect national banking system : The United Arab Emirates promised Sunday to protect the nation's banks as leaders tried to quell growing fears the global credit crisis will hurt the booming Gulf economy. The...

European leaders ready bank support plan (Reuters)

Reuters - European governments are ready to help banks weather the financial crisis by guaranteeing some of their lending and other measures, according to a document being discussed by leaders trying to stem panic on markets.

Bankers and business leaders hail government support

Leading bankers, chief executives and business leaders across the UAE on Sunday hailed the support for the economy and the financial system announced by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan.

UAE's Empower, Vanderweil sign pipeline network contract

Emirates Central Cooling Corporation (Empower), the largest district cooling service provider in the region and a joint venture between TECOM Investments and Dubai Electricity and Water Authority (DEWA), on Saturday announced...

Iran to export gas to UAE

Iran signed a $2 billion gas deal with Crescent Petroleum of the United Arab Emirates (UAE), the English-language Press TV reported yesterday. According to the 25-year gas deal signed on Friday, Iran will export natural gas...

Al Arabiya launches legal battle to regain domain

As Al Arabiya pursued legal remedy to regain control of its website domain messages poured into the comments forum as users debated why the site had been hacked, whether it was part of a broader Sunni-Shiite cyberwar, and who...

Saudi Arabia, UAE Move to Protect Financial Systems

By REEM SHAMSEDDINE and ANDREW CRITCHLOW | Zawya Dow Jones Newswires DUBAI -- Oil-rich Saudi Arabia and the United Arab Emirates acted Sunday to support their financial systems amid concern that the global economic crisis is...

Meeting the challenge of setting up a media park

Creativity. It's a word which Tony Orsten, CEO of twofour54_ Abu Dhabi, the UAE Capital's denominations and his creative way of naming the Abu Dhabi Media Park, uses a lot. His passion is all about creativity and content creation.

Arab Stocks Plummet On Global Concerns

Stock markets across the Middle East traded sharply down Sunday amid fresh concerns about the global financial crisis, as the United Arab Emirates said it would guarantee deposits in local banks in a bid to halt the slide.

UAE markets continue to slide despite good valuations

Abu Dhabi: UAE markets on Sunday continued their downward spiral, draining an additional Dh17.7 billion in capitalisation. The Emirates Securities general index retreated 3.27 per cent to 3,695.70, accumulating more than 38.5...

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Subcategories

Abu Dhabi , Ajman , Dubai , Sharjah