Zainab Fattah Bloomberg
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Decoding Dubai Flash Floods: Experts Say Climate Change Has Clear Ties
The heavy rains that flooded Dubai this week halted air traffic, damaged buildings and streets - and left climate experts and common citizens asking whether one of the world's hottest and driest cities should be better prepared for extreme storms.
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Saudi Crown Prince's $100 Billion Foreign Investment Quest Falters
Saudi Arabia has long recognized its funding requirements would mostly be backed by local capital and only partly by foreign money. Still, it wants to hit $100 billion of foreign direct investment annually by 2030.
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Indian Buyers In Race For Dubai's Palm Island Homes, Priced 10X
Hundreds of buyers scrambled to snap up luxury homes on the largest of Dubai's palm-shaped islands where villas are going for 10 times the price of when the project was launched - but never built - two decades ago.
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Dubai's Latest Boom Is Pricing Out The Expats It Once Coveted
As billionaires snapped up villas in Dubai and the city bulged with new bankers and executives, Ghida was evicted. The landlord had seen a way of doubling the roughly $3,000-a-month rent she and her husband were paying.
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Mukesh Ambani, Lakshmi Mittal Part Of Dubai's Luxury Property Boom
This month, the Dubai Land Department reported a property deal worth $163 million on Palm Jumeirah. The relentless rise of Dubai's real-estate market over the past year means that few believe even that record will stand for too long.
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Dubai's Future Is In The Hands Of Two Very Different Princes
Guests jostle to snap selfies with the beaming ruler-in-waiting flanked by dozens of local officials. The royal works the room with the ease of an Instagram celebrity who's used to mixing with superstars like footballer Cristiano Ronaldo.
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Billionaire's Abrupt Death Leaves Dubai To Untangle Messy Inheritance
In a particularly exclusive corner of Dubai, a modern-day palace with moorish arches and an imposing gateway is rising from the desert, despite uncertainty over who will live there.
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Dubai Applies Brakes On Building Boom After Billionaires Call for Pause
The desert gave Dubai an easy excuse to keep building. But five years into Dubai's property funk, the emirate's leadership is drawing the line.
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Its Lifeblood Attacked, What Are Saudi Arabia's Options Now?
A predawn attack on the heart of Saudi Arabia's energy industry knocked out half of the country's oil production and raised the prospect of retaliation.
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Saudi Arabia's $90 Billion Reason To Allow Women Driving
Allowing Saudi women to drive could help the kingdom reap as much income as selling shares in Saudi Aramco. The move, which went into effect on Sunday, could add as much as $90 billion to economic output by 2030, with the benefits extending beyond that date, according to Bloomberg Economics.
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A Ghost Army Of The Not-Very-Employed Haunts Gulf Rulers
The government was trying to trim a wage bill that eats up more than half its budget -- an outlandish share even by Gulf standards. Last year, it required public employees to swipe their fingers on a biometric reader every morning.
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Workers Paid To Do Nothing: A Ghost Army That Haunts Gulf Rulers
Show up, swipe in. The routine is familiar to office workers everywhere. In Kuwait, it proved too much to ask.
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Missing Sheikh, 'Intercepted' Planes Reignite Gulf Arab Row
Mysterious goings-on allegedly involving the forcible detention of a Qatari royal and intercepted Bahrain-bound planes have escalated the feud straining ties among Gulf Arab monarchies.
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Saudi Crown Prince's High-Speed U-Turn On State Handouts
Saudi Crown Prince Mohammed bin Salman's high-speed U-turn on state handouts suggests he's betting on the backing of ordinary citizens rather than traditional pillars of support as he consolidates power.
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Saudi King Will Not Relinquish Throne, Senior Official Says
King Salman isn't planning to abdicate in favor of his son, a senior Saudi official said, dismissing mounting speculation that Crown Prince Mohammed bin Salman will soon ascend to the throne.
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Decoding Dubai Flash Floods: Experts Say Climate Change Has Clear Ties
The heavy rains that flooded Dubai this week halted air traffic, damaged buildings and streets - and left climate experts and common citizens asking whether one of the world's hottest and driest cities should be better prepared for extreme storms.
-
Saudi Crown Prince's $100 Billion Foreign Investment Quest Falters
Saudi Arabia has long recognized its funding requirements would mostly be backed by local capital and only partly by foreign money. Still, it wants to hit $100 billion of foreign direct investment annually by 2030.
-
Indian Buyers In Race For Dubai's Palm Island Homes, Priced 10X
Hundreds of buyers scrambled to snap up luxury homes on the largest of Dubai's palm-shaped islands where villas are going for 10 times the price of when the project was launched - but never built - two decades ago.
-
Dubai's Latest Boom Is Pricing Out The Expats It Once Coveted
As billionaires snapped up villas in Dubai and the city bulged with new bankers and executives, Ghida was evicted. The landlord had seen a way of doubling the roughly $3,000-a-month rent she and her husband were paying.
-
Mukesh Ambani, Lakshmi Mittal Part Of Dubai's Luxury Property Boom
This month, the Dubai Land Department reported a property deal worth $163 million on Palm Jumeirah. The relentless rise of Dubai's real-estate market over the past year means that few believe even that record will stand for too long.
-
Dubai's Future Is In The Hands Of Two Very Different Princes
Guests jostle to snap selfies with the beaming ruler-in-waiting flanked by dozens of local officials. The royal works the room with the ease of an Instagram celebrity who's used to mixing with superstars like footballer Cristiano Ronaldo.
-
Billionaire's Abrupt Death Leaves Dubai To Untangle Messy Inheritance
In a particularly exclusive corner of Dubai, a modern-day palace with moorish arches and an imposing gateway is rising from the desert, despite uncertainty over who will live there.
-
Dubai Applies Brakes On Building Boom After Billionaires Call for Pause
The desert gave Dubai an easy excuse to keep building. But five years into Dubai's property funk, the emirate's leadership is drawing the line.
-
Its Lifeblood Attacked, What Are Saudi Arabia's Options Now?
A predawn attack on the heart of Saudi Arabia's energy industry knocked out half of the country's oil production and raised the prospect of retaliation.
-
Saudi Arabia's $90 Billion Reason To Allow Women Driving
Allowing Saudi women to drive could help the kingdom reap as much income as selling shares in Saudi Aramco. The move, which went into effect on Sunday, could add as much as $90 billion to economic output by 2030, with the benefits extending beyond that date, according to Bloomberg Economics.
-
A Ghost Army Of The Not-Very-Employed Haunts Gulf Rulers
The government was trying to trim a wage bill that eats up more than half its budget -- an outlandish share even by Gulf standards. Last year, it required public employees to swipe their fingers on a biometric reader every morning.
-
Workers Paid To Do Nothing: A Ghost Army That Haunts Gulf Rulers
Show up, swipe in. The routine is familiar to office workers everywhere. In Kuwait, it proved too much to ask.
-
Missing Sheikh, 'Intercepted' Planes Reignite Gulf Arab Row
Mysterious goings-on allegedly involving the forcible detention of a Qatari royal and intercepted Bahrain-bound planes have escalated the feud straining ties among Gulf Arab monarchies.
-
Saudi Crown Prince's High-Speed U-Turn On State Handouts
Saudi Crown Prince Mohammed bin Salman's high-speed U-turn on state handouts suggests he's betting on the backing of ordinary citizens rather than traditional pillars of support as he consolidates power.
-
Saudi King Will Not Relinquish Throne, Senior Official Says
King Salman isn't planning to abdicate in favor of his son, a senior Saudi official said, dismissing mounting speculation that Crown Prince Mohammed bin Salman will soon ascend to the throne.
