Just In United Arab Emirates News

Call me crazy... but I think that it might just be time for Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai, to step down. He has proved himself to be utterly incompetent. He has been a failure. And he...

There's trouble in paradise – and Brad could suffer because of it Brad Pitt's construction project could be abandoned because of the economic crisis. Photograph: Jean Baptiste Lacroix/FilmMagic Lost in Showbiz was almost too upset to come to the keyboard...

Dubai is famous for its huge and hugely expensive development projects but the financial crisis put a stop to most of them and now the huge debts amassed are causing the jitters among investors near and far. The jitters were...

David Beckham and Brad Pitt are believed to be among the stars caught up in Dubai's spiralling credit crisis. The pair have seen the value of property they bought in the Gulf plummet as Dubai struggles under a mountain of...

Dubai, emirate of the UAE, had ammassed USD 80 billion of debt by expanding in banking, real estate and transportation. S&P had placed the ratings of four Dubai-based banks on negative outlook due to their exposure to Dubai World...All the...