United Arab Emirates

We have said in the past that Gulf governments will push ahead with new projects, even in the face of rising costs, falling demand and plummeting confidence, in an attempt to sustain... 2008-11-27

The economic turmoil poses a significant risk to political stability, as increasing numbers are made unemployed by the real estate crisis. The latest company to announce job losses... 2008-11-25

The economic turmoil poses a significant risk to political stability, as increasing numbers are made unemployed by the real estate crisis. The latest company to announce job losses... 2008-11-25

On November 19, Nasser al-Sheikh, director general of the Dubai Department of Finance, announced that the emirate had set up a committee to 'assess the impact of the global financial... 2008-11-21

Plummeting real estate stock valuations are indicative of the negative sentiment that has taken hold in the Dubai property market. The tightening of lending conditions by local banks... 2008-11-14

In October, Australia became the latest foreign government to warn of the increasing risk of a terror strike in the UAE. It amended advice to travellers on the basis of 'new information',... 2008-10-24

The UAE will see a sharp contraction in its current account surplus in 2009. We are forecasting a full year figure of US$17.0bn, or 6.6% of GDP, down from the 22.2% that we are predicting... 2008-10-24

We have revised down our 2009 growth forecast for the UAE to 4.6% in light of the worsening global economic situation. Despite its huge accumulated wealth, the UAE is far from immune... 2008-10-23

Recently released figures from the Islamic Finance Information Service (IFIS) concerning global sukuk issuance clearly illustrate our long-held view that the market is not favourable... 2008-10-22

New housing rules recently announced by the Dubai authorities are causing consternation among many foreign workers. Earlier this month, Dubai Municipality announced that the sharing... 2008-09-30