Result Page 26 for Dubai news & latest pictures from ibtimes.com

Stock futures up; eyes on EU Summit

Stock index futures pointed to a slightly higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.14 percent, Dow Jones futures up 0.12 percent and Nasdaq 100 futures up 0.18 percent.

Dealmakers meet to sort $26 billion Dubai World debt

Bankers gathered in Dubai on Wednesday to hammer out a $26 billion debt plan with state-owned Dubai World as a repayment deadline loomed, adding to pressure on the glitzy emirate to settle the conglomerate's debt.

UAE stocks seen surging if Dubai government backs debt plan

Dubai's debt restructuring proposal will determine the fate of UAE equity markets as the ailing emirate seeks support from Abu Dhabi, with markets poised to rally if the deal includes guarantees, analysts said.

Dubai Nakheel woes may help Islamic finance in time

The trillion dollar Islamic finance industry is looking beyond the troubles of Dubai developer Nakheel at possible reforms that could help draw more interest from Western players.

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Best Architecture Cities in the World

A city with a distinct architectural style has a certain draw to travelers. Great architecture is both artistic and scientific, both beautiful and practical. Even more, architecture gives us cultural clues about a city's past, present and future.

U.N. agency punished Somalia whistleblower

The United Nations Ethics Committee has upheld complaints by a former employee of the U.N. Development Programme who said he suffered retaliation from the UNDP for alleging that its Somalia programme was corrupt.

UAE government backs Dubai; Abu Dhabi help may lag

Rania Oteify and Rachna UppalThe United Arab Emirates pledged its support for Dubai on Tuesday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached.

UAE government to support Dubai, sees resolution: report

Rania OteifyThe federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirates' finance minister said on Tuesday.

Stocks mixed after global debt news; tech sector leads

In a quiet day for U.S. earnings and economic releases, major U.S. indices are mixed after some positive developments from Europe and Dubai on debt issues. The tech sector leads on Cisco and upgrades.

Dubai World deal hope lifts markets, divides creditors

Hopes of progress this week on Dubai World's $26 billion debt restructuring lifted stocks and eased fears of default, but potential divisions emerged among creditors to the state-owned conglomerate.

Dubai debt deal expected this week: bankers

Troubled conglomerate Dubai World expects to put its debt plan to creditors as early as this week but the final proposal is being delayed by efforts to accurately value developer Nakheel's assets, bankers said on Sunday.

Dubai police chief to seek Netanyahu arrest

Dubai's police chief plans to seek the arrest of Israeli Prime Minister Benjamin Netanyahu and the head of Israel's spy agency over the killing of a Hamas leader in the emirate, Al Jazeera television reported.

Iran launches fierce attack on West in U.N. rights forum

Iran launched a fierce verbal assault on the West on Monday, charging some European countries of subjecting Muslim communities to insult and violence and suggesting the United States and Europe aided terrorism.

Thai court seizes $1.4 bln of Thaksin wealth

Thailand's top court on Friday seized $1.4 billion (919 million pound) of former premier Thaksin Shinawatra's family assets for abuse of his power, far less than expected, in a ruling that could appease some anti-government forces.

Dubai Mall partly evacuated after aquarium leak

Dubai Mall, one of the world's largest shopping centers and a symbol of Dubai's grandeur, was partly closed on Thursday after an aquarium containing thousands of fish and other sea animals started leaking, police and witnesses said.

ITC plans to market food products in UAE, GCC

India's ITC is planning to market their food products in UAE and the Gulf Cooperation Council (GCC) through a partnership with the Al Seer Group, an ITC official was quoted by a new report.

Iran arrests Sunni rebel accused of links with West

Iran seized a Sunni Muslim rebel leader on Tuesday behind a bombing which killed dozens of people last year, and who Tehran says has links to al Qaeda and support from Pakistan, Britain and the United States.

More British, Irish passports used in Dubai killing

The United Arab Emirates has identified four more suspects who carried British and Irish passports in the Dubai killing of a Hamas commander, a source familiar with the investigation said on Tuesday.

EU to censure Israel after Dubai killing

European Union foreign ministers will condemn assassinations and the use of forged passports on Monday to censure Israel after the killing of a Palestinian militant in Dubai.

Chinese denial puts Nigeria telcom sale in doubt

China's No. 2 telecoms carrier China Unicom on Thursday denied any involvement in a $2.5 billion bid for Nigeria's former state telecoms monopoly.

UPDATE 1-Abu Dhabi's Mubadala in $2 bln refinancing talks

Abu Dhabi government investment fund Mubadala is talking with banks to refinance a $2 billion loan due in April, among the first refinancings by Gulf firms since Dubai's debt problems rocked markets in November.

Israel says no proof it carried out Dubai killing

Israel's foreign minister said on Wednesday the use of the identities of foreign-born Israelis by a hit squad suspected of killing a Hamas militant in Dubai did not prove the Mossad spy agency assassinated him.

Euro falls on Greece uncertainty; Ecofin eyed

The euro fell against the dollar on Monday, hovering close to nine-month lows as investors waited to see whether meetings of European finance ministers would result in further support for Greece.

HSBC seeks big growth, sukuk pickup in 2010

HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.

Euro near lows; Dubai debt fears rise

The euro held near a nine-month low against the dollar on Tuesday, with all signs that euro zone policymakers will focus on making Greece fully implement budget cuts rather than gifting it swift financial aid.

Dubai CDS jump to highest since March; Nakheel debt falls

The cost of insuring five-year Dubai debt against default jumped to its highest level since March on Monday as concerns intensified over the debt restructuring of state-owned conglomerate Dubai World.

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