United Arab Emirates

With the US looking to impose even tougher economic sanctions on Iran, and given Abu Dhabi's poor relations with Tehran, Dubai's position as a major trading partner of Iran could... 2010-02-26

The tick up in the Emirates Interbank Offered Rate (EIBOR) over recent weeks is a warning sign that confidence and liquidity within the banking system may be waning. Three-month EIBOR... 2010-02-26

The Dubai World debt crisis highlighted the changing balance of power within the UAE federation, and Abu Dhabi's last minute bailout will have long-lasting political consequences.... 2010-01-28

BMI View: Banks will have been conservative in Q409 results to allow themselves to start 2010 with a clean sheet. However, nasty surprises, particularly from Dubai, could derail even... 2010-01-27

Dubai's debt problems will continue to dominate the economic agenda throughout 2010. At the time of writing, Dubai World was still engaged in negotiations with its creditors regarding... 2010-01-18

BMI View: Currency devaluation would help Dubai's troubled economy to some degree, but Abu Dhabi is unlikely to sanction such a move, and we do not expect it to happen.

After a precipitous drop in economic growth from 7.4% in 2008 to an estimated -2.9% in 2009, real GDP growth is projected to climb to 2.8% in 2010 and 5.2% in 2011. Much of this recovery... 2010-01-05