Articles by Dubai

  • Strait of Hormuz: If Iran Closes It, Where Does Price of Oil Go?Strait of Hormuz: If Iran Closes It, Where Does Price of Oil Go?

    March 01 2012 4:50 PM

    Iran, faced with global trade embargoes and a possible attack by Israel on its nuclear installations, has threatened to close the Strait of Hormuz.

  • Djokovic, Murray to Meet in Dubai Semis, Federer Makes Semi, TooDjokovic, Murray to Meet in Dubai Semis, Federer Makes Semi, Too

    March 01 2012 2:03 PM

    Novak Djokovic will take on Andy Murray in the semifinals of the Dubai Duty Free Tennis Championships on Friday after both men came through their quarter-final match-ups today.

  • Gold and Silver Report - Buy the Rumor, Sell the Fact. Lather, Rinse, Repeat.

    February 29 2012 12:32 PM

    The ECB doled out more than $700 billion in loans to over 800 banks this morning in what may have been its last gesture of 'kindness' for a long time to come. While many are calling the latest ECB operation as a liquidity injection that smacks of an outright gift, we would be wise to note that the amounts in question are loans and that they have a three-year shelf-life. More importantly, it still remains to be seen if the banks will sit on the money like the Emperor penguins they h...

  • Saif al-Adel: Was the al-Qaeda Leader Really Captured?Saif al-Adel: Was the al-Qaeda Leader Really Captured?

    February 29 2012 9:54 AM

    Mohammed Ibrahim Makkawi was arrested in Cairo on Wednesday. But which Mohammed Ibrahim Makkawi was it? The al-Qaeda apostate or the militant leader behind the 1998 U.S. embassy bombings?

  • Morning Crude Oil Market Report

    February 29 2012 9:47 AM

    April crude oil prices traded marginally higher during the early morning hours, perhaps boosted by this morning's ECB Long Term Refinancing Operation. Some traders indicated that the positive outside market tone, with a weaker US dollar and higher global equity markets, was supportive to the crude oil market. Iran supply disruption concerns have come back into focus, with talk that Israel could pursue greater involvement against Iran, as well as US officials forcing Dubai Islamic Bank to halt...

  • Iran to Accept Gold for Oil Import PaymentsIran to Accept Gold for Oil Import Payments

    February 29 2012 8:51 AM

    Crude oil is predominantly priced and traded in U.S. dollars, although Iran has already accepted payments in some other currencies.

  • Senior al-Qaeda Militant Saif al-Adel Arrested at Cairo Airport

    February 29 2012 7:36 AM

    Saif al-Adel, identified as a senior al-Qaeda leader, has been arrested at Cairo airport in Egypt on Wednesday, security officials said.

  • Chrysler Expands Mopar Service Arm Into Argentina, BrazilChrysler Expands Mopar Service Arm Into Argentina, Brazil

    February 27 2012 5:18 PM

    Seventy-five years ago, Mopar began as a name for an antifreeze product. That antifreeze brand has grown into the global automobile parts and service arm of Chrysler Group LLC, and its latest announcement further expands its global footprint.

  • South Korea and Crude Oil

    February 27 2012 3:21 AM

    High Crude Oil price is a headache for South Korea. High Crude Oil price has emerged as a new risk factor for the South Korean economy. Global Crude Oil prices were expected to fall in 1-H of this year on the slowdown in Global economic growth, but prices for Dubai Crude, South Korea's benchmark, stayed above the 100 bbl level this year due to ample liquidity and geopolitical risks in Iran.

  • U.S. Eyes V-22 Aircraft Sales to Israel, Canada, UAE

    February 26 2012 4:42 PM

    The U.S. government is eyeing Israel, Canada and the United Arab Emirates as possible initial foreign buyers of the V-22 Osprey, a tilt-rotor aircraft built by Boeing Co and Bell Helicopter, a top U.S. Marine Corps official told Reuters.

  • Anti-Internet Regulations to be Considered by U.N. BodyAnti-Internet Regulations to be Considered by U.N. Body

    February 21 2012 5:02 PM

    The International Telecommunication Union could pass new anti-Internet regulations by the end of the year, threatening new controls to stifle free speech. Starting at the end of February, Russia, China and many other countries will gather representatives in Geneva, Switzerland, to re-work a 1988 decision that has given rise to the open Internet many around the world have greatly benefited from.

  • Avram Grant: Iranians Cancelled Game 'Due to Me Being Israeli'Avram Grant: Iranians Cancelled Game 'Due to Me Being Israeli'

    February 21 2012 12:08 PM

    Avram Grant, manager of Partizan Belgrade, has claimed that Iranian side Sepahan Isfahan cancelled a friendly game with his team because he is Israeli.

  • Stock Futures Signal Higher Open on US Markets

    February 21 2012 7:37 AM

    Stock index futures pointed to a rise in U.S. equities on Tuesday after the market opens following Monday's Presidents Day holiday, with futures for the S**9**P 500, the Dow Jones Industrial Average and the Nasdaq 100 rising 0.4 percent to 0.5 percent.

  • Election of Saleh's Successor to Mark New Chapter in YemenElection of Saleh's Successor to Mark New Chapter in Yemen

    February 19 2012 5:31 PM

    After a year of protests, diplomatic wrangling and an assassination attempt, Yemenis will draw a line under Ali Abdullah Saleh's three-decade rule Tuesday by voting in an uncontested election to install his deputy as president.

  • Macy's To Add 4,000 Full-Time Employees In 2012Macy's To Add 4,000 Full-Time Employees In 2012

    February 17 2012 4:31 PM

    Macy's will add about 4,000 full-time employees this year, the retail giant's Chief Executive Terry Lundgren told a group of fashion students on Friday.

  • Nicolas Sarkozy Joins Twitter for Re-Election BidNicolas Sarkozy Joins Twitter for Re-Election Bid

    February 16 2012 11:16 AM

    French President Nicolas Sarkozy used his brand new Twitter account to official announce that he would seek re-election during France's 2012 presidential race.

  • Glee Covers Whitney Houston: Amber Riley Pays Tribute with 'I Will Always Love You' [VIDEO]Glee Covers Whitney Houston: Amber Riley Pays Tribute with 'I Will Always Love You' [VIDEO]

    February 15 2012 9:22 AM

    Glee pays tribute to the late singer with one of the biggest hits of her career.

  • Ultra-Conservative Islamic Love Guru Urges Muslim Women to 'Embrace Sex'Ultra-Conservative Islamic Love Guru Urges Muslim Women to 'Embrace Sex'

    February 14 2012 1:07 AM

    Emirati marriage counselor, author and ultra-conservative Muslim Widad Lootah has urged Muslim and Arab women to embrace love and love-making on the eve of Valentine's Day, it has been reported.

  • S&P's Moritz Kraemer: Europe's AAA-rated Mr ScissorhandsS&P's Moritz Kraemer: Europe's AAA-rated Mr Scissorhands

    February 13 2012 8:26 AM

    On January 13, Standard & Poor's Ratings Services cut the credit ratings of nine euro zone countries, stripping France and Austria of their triple-A status and triggering new concerns about the region's financial health.

  • Dubai: Is the World's Tallest Building on Fire? [PHOTOS]

    February 11 2012 4:59 PM

    Rumors are sweeping the Internet that Dubai's Burj Khalifa skyscraper, the world's tallest, is on fire, while officials claim it's just fog