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United Arab Emirates (UAE) is third richest country in the world, and has a world's largest shopping mall, The Dubai Mall. The country is made up of seven emirates, governed by a president and has an impressive GDP per capita of $57,744. The country has 8

Dubai Diversifies With Push Into Diamonds

The United Arab Emirates, the world's fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity: diamonds.

Amazon May Launch a Smartphone in Q4 2012 - Citi

Graphics of new Amazon Kindle tablets seen at news conference in New York

Amazon.com Inc may launch its own smartphone in the fourth quarter of 2012, Citigroup said, citing its supply-chain channel checks in Asia.

Beaujolais Nouveau launches extraordinary 2011

Wine lovers will get their first taste of the much-talked about 2011 harvest on Thursday as the Beaujolais Nouveau hits the bars and shelves of France and the wider world.

Chinese Tourists on Global Luxury Spending Spree Driving Revenue at U.S. Retailers

In what appears to be a rapidly developing trend, Chinese visitors to the United States are being noticed more for the flash of their newly-bought designer bags than that of their Nikons. Tiffany & Co. (NYSE:TIF), Coach, Inc. (NYSE:COH) and Ralph Lauren (NYSE:RL) are just a few of the companies in the luxury retail sector that have recently noted how higher revenue at their North American operations has largely been boosted by Chinese shoppers on vacation.

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Encouraging Signs for Munis, Though California Bumpy

Threats of money problems continue to hang over U.S. local governments, but most cities and counties will still be able to pay their debts in the near future, Janney Capital Markets said in a special report on Wednesday.

LG's Pentouch Brings the Touch-Screen and Internet to TVs

LG Electronics hopes to revolutionize the TV and the Internet with a magic touch pen.

White Jewish Rapper Mac Miller has No. 1 Album of the Week

Meet Malcolm McCormick -- a 19-year-old white Jewish rapper from the suburbs of Pittsburgh, Pa. -- who currently has the No. 1 album of the week.

Jaktogo: A Wearable Solution to Baggage Fees

John Power has created a solution to the problem of excessive baggage fees: wearable luggage.

European Banks Crisis: Smart Money Heading for the Exits as Stockholders Hang On For the Ride

As equity investors play the ups and down of the stock market, fixed income money managers that provide day-to-day financing to the banks, investors in medium-term bonds and the peer banks themselves are scrambling for cover. The result: a dollar financing crunch that could deeply affect the banks and how they do business.

Sam Zell, chairman and CEO, Tribune Company, speaks at the 2009 Milken Institute Global Conference in Beverly Hills,California in this April 27, 2009 file photograph.

Sam Zell's Equity Residential Leads With $2.5 Billion Archstone Bid

Real estate mogul Sam Zell's Equity Residential is the lead bidder to buy 53 percent of rival company Archstone for over $2.5 billion, the Wall Street Journal reported.

S.Africa rand steadies, yields down as bonds edge up

South Africa's rand reversed its earlier losses against the dollar on Wednesday and government bond yields pulled back from the previous day's multi-week highs as local assets took a breather from a hammering brought on by global risk aversion.

Safe-haven status puts UAE luxury car sales in high gear

Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined how the safe-haven status of the United Arab Emirates is fuelling dramatic growth in sales of luxury cars.

Big Canada Internet providers win partial victory

Canada's communications regulator handed a partial victory on Tuesday to big Internet service providers by allowing them to charge lease fees based on the amount of capacity small providers use.

A view of a home for sale in Los Angeles

Mortgage Applications Fall in Latest Week: MBA

Applications for U.S. home mortgages dropped last week, erasing the gains of the week before as demand for refinancing evaporated, an industry group said on Wednesday.

Asian Stock Markets Fall on Eurozone Fears

Asian stock markets ended lower on Wednesday, as concerns about Europe’s debt crisis offset better-than-expected reports on U.S. economy Tuesday.

Macy’s Announces New Store Plans in New York and California

U.S. retail chain, Macy's Inc. have announced plans for three new stores offering a range of merchandise categories.

The sign of the Toys R Us store is seen in a Denver suburb March 15, 2011.

Toys R Us to Open at 9 p.m. Thanksgiving for Black Friday Sales

Toys R Us plans to be the forerunner for Black Friday this year, as the toy retailer has announced it will open its doors at 9 p.m. on Thanksgiving evening ahead of all other competitors.

What Recession? Luxury Brand Retailers Can Barely Keep Up With Consumer Demand

Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.

Wall Street Higher as Tech Offsets Europe Fears

Stocks rose in a choppy market on Tuesday, led by gains in technology shares that offset worries the Eurozone's debt troubles will spread.

Apple iPad Should Lower Price Point, Says Analyst

The phrase 'iPad killer' has been bandied about for so long that one could be forgiven for the mistake of thinking such a device actually exists. As it turns out, the true iPad killer, according to Goldman Sachs analyst Bill Shope, won't be another tablet but the iPad's own prohibitive price tag.

Instant view: Retail sales beat expectations in October

Retail sales rose more than expected in October as strong receipts from motor vehicle and building material dealers offset the drag from service stations, suggesting the economy started the fourth quarter with some vigor.

Retail sales beat expectations in October

Retail sales rise broadly, wholesale prices fall

Retail sales rose broadly in October and a gauge of New York state manufacturing showed growth this month for the first time since May, suggesting the economy started the fourth quarter with vigor.

Burberry Reports Strong First-Half Earnings

Luxury fashion house Burberry has reported consistent double digit revenue growth for the first half of the year. The growth has been reported in retail, wholesale and almost all product categories of the brand.

Palladium Demand for Chinese Catalytic Converters to Fall

China's autocatalyst palladium demand growth is expected to slow as the auto sector cuts back on buyer incentives, refiner Johnson Matthey said on Tuesday.

The Nasdaq Composite stock market index is seen inside its studios at Times Square in New York in this file image

Pre-Market NASDAQ Movers (NLST, CAST, SPIL, AAPL, MKTAY, CADX, ATVI, AIXG, URBN, LOGI)

The top pre-market NASDAQ Stock Market gainers are: Netlist, ChinaCast Education, Siliconware Precision Industries, Apple, and Makita. The top pre-market NASDAQ Stock Market losers are: Cadence Pharmaceuticals, Activision Blizzard, Aixtron, Urban Outfitters, and Logitech International.