United Arab Emirates
Figures released by the UAE Central Bank indicate that bank deposits have reached their highest level in almost two years....
The relationships between the GCC and Iran have deteriorated on a number of fronts....
Dubai appears to be benefiting from the regional unrest as regional investors move funds to Dubai....
The UAE and the emirate of Dubai in particular are likely to experience a mini-boom as a result of the regional situation....
Qatar became the first Arab country to grant political recognition to the Libyan rebels....
Leading Dubai developer Union Properties posts massive losses in 2010, leading to a sharp decline of shares prices for other developers in the UAE as well. ...
Labour demonstrations in Dubai leading to the deportation of workers will increase pressure on the UAE to modernize its labour laws....
Reports that The World Island in Dubai is sinking, coupled by news of unprecedented retail vacancies in Dubai will add further pressure to the Dubai real-estate market....
Stock markets across the GCC have tumbled as a result of the demonstrations in Egypt....
Oman announced that it has uncovered a UAE spy ring, which the UAE denied. This is a most serious development to hit inter-GCC relations in recent years....
Negative news about two of the UAE’s leading companies threaten to shake economic confidence in the country....
The UAE announced new labour laws that aims to give the expatriate population greater rights....
The UAE announced that it plans to invest AED 500 billion on further improving it’s aviation industry....
The increase of oil price to over US$ 90 per barrel is a positive development for all GCC states and Yemen....
The UAE’s cuts its budget by 6%, freezing spending on universities and cutting spending on utilities....
The US diplomatic cables published by wikileaks is likely to increase the risk of Iranian or Shiite attacks against some GCC states, who are claimed to have pushed the US to bomb Iran....
The announcement that Dubai is now planning to consider selling some of its assets is confirmation that the emirate has given up on trying to resolve its crisis with help from Abu Dhabi....
Abu Dhabi developer Aldar is reportedly seeking a government bailout as it’s CEO resigns, its shares tumble and the government announces that Abu Dhabi has an oversupply of real-estate....
Relations between the UAE and Canada have deteriorated as the UAE announces that Canadians will require visas to enter the UAE....
Qatar and the UAE separately announced that they are considering scrapping the Kafeel or sponsorship system for foreign workers....
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