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The hidden victims of recession
Many of the migrant workers who help Dubai function have lost their jobs and been forced into the shadows of the grey economy
Investment banks breathe again
Clear winners and losers are emerging as business begins to return for financial houses in the Middle East after a year of property crashes and financial upheaval
Dubai signals a rocky recovery
As the economy shows signs of a tentative return to a healthier condition, shares have rallied but remain volatile in one of the Middle East’s most turbulent markets
Saudi Arabia set to reform commercial courts
The kingdom has been slow to modernise its legal system but changes promised for next year should bring more certainty to the course of business in the kingdom
Moody’s downgrades Dubai companies
The credit rating agency has downgraded five Dubai government-related issuers, citing the tighter conditions under which financial support is likely to be extended
Signs of revival for Dubai property
Dubai property prices have risen for the first time since the market crashed last year, increasing 7 per cent in the third quarter
Abu Dhabi aims to shake up school system
The emirate wants radical change at all age levels, including teaching some subjects in English, but its plans are being communicated poorly to teachers and parents
UAE plans nuclear investment
The United Arab Emirates is setting up an investment vehicle to take stakes in the global nuclear industry as it prepares to award a contract to develop the first civilian nuclear plants in the Arab world
Dana seeks to fuel local development
The oil and gas company’s strategy for its projects throughout the Middle East and North Africa region extends beyond merely making profits to wider economic concerns
Dubai bond sale a move in right direction
Dubai’s successful bond sale this week was hailed as an important step towards bringing it back on track, but bankers and analysts warned it still needed to raise more money
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