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Britain Expels Israeli Diplomat in Furor Over Fake Passports

Britain Expels Israeli Diplomat in Furor Over Fake Passports

The British decision was seen as a rebuke of Israel for the suspected use of a dozen fake British passports in the assassination of a Hamas official in Dubai this year.

 

11-year-old spends $44 million in Dubai

11-year-old spends $44 million in Dubai

Deals in Dubai raise questions about Azerbaijani leader's affluence; records show his children may own mansions on Palm Jumeirah.

 

World's tallest tower closed a month after opening

World's tallest tower closed a month after opening

The world's tallest skyscraper has unexpectedly closed to the public a month after its lavish opening, disappointing tourists headed for the observation deck and casting doubt over plans to welcome its first permanent occupants in the coming weeks.

 

Dubai's "superscraper" makes history in hard times

Started at the height of the economic boom and built by some 12,000 laborers, the world's tallest building will open on Monday in Dubai as the glitzy emirate seeks to rekindle optimism after its financial crisis.

 

Abu Dhabi rescues Dubai with $10-billion bailout

Abu Dhabi rescues Dubai with $10-billion bailout

World markets rise on the news. But even though the aid will cover a payment due today, spendthrift Dubai remains heavily in debt.

 

Stocks Open Higher on Dubai, Exxon

Investors were relieved to see Abu Dhabi's $10 billion rescue of Dubai, while acquisition plans announced by Exxon Mobil helped lift the energy sector.

 

U.A.E. Pledge Calms Markets but Dubai Fears Remain

U.A.E. Pledge Calms Markets but Dubai Fears Remain

Wall Street shares were slightly lower as investors tried to assess the fallout from Dubai’s debt crisis as well as retail sales from the kickoff of the Christmas shopping season.

 

U.A.E. Will Support Banks in Dubai Credit Crisis

U.A.E. Will Support Banks in Dubai Credit Crisis

The United Arab Emirates central bank said it stood behind domestic and foreign banks operating in Dubai after a recent announcement about Dubai World’s debt.

 

Abu Dhabi Won't Bail Out Dubai

Abu Dhabi Won't Bail Out Dubai

Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.

 

Promoter says Rihanna’s Dubai concert is off

Rihanna has shelved plans for a concert later this month in Dubai because the timing was "inappropriate," a Middle East concert promoter said Tuesday.

 

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