Account
Dubai contractor Arabtec said on Wednesday a four-day strike by foreign workers seeking higher pay was over and the emirate's police chief said 200 of them would be repatriated.The company, in which Abu Dhabi state-owned fund Aabar owns a near 22-percent stake, did not say whether workers' demands for a wage hike of about $50 per month had been met.Thousands of workers stayed away from work from Saturday in a rare labor protest in Dubai where trade unions are banned."This unwarranted stoppage had been instigated by a minority group who will be held accountable for their actions," Arabtec said in a statement on Dubai's bourse earlier on Wednesday.Police chief Dahi Khalfan said about 200 workers who took part in the protests had been taken into custody in preparation for being sent home at their own request.Arabtec was among the contractors that built Dubai's palm-shaped island projects and the world's tallest tower, the Burj Khalifa.Police were called into Arabtec worker accommodation o...
Have your personal finances ever gotten clobbered by an asset class bubble?If your portfolio blew up in 2000 when Internet stocks imploded, or if you bought a home b...
Riots erupt in Bangkok; Egyptian court convicts more than two dozen on terror charges
United Arab Emirates boasts the world's tallest building, a man-made island in the shape of a palm and is about to take its next ambitious step - linking cities by r...
'LET'S JUST PAY THIS THING OFF'That evening, the weather in Dubai took an apocalyptic turn. Clutching the proposed deal and other documents, a banker from Moelis & C...
* RIM shares fall 4 pct in Toronto (Adds analyst comment on RIM, share prices)By Souhail Karam and Bappa MajumdarRIYADH/NEW DELHI (Reuters) - The makers of the Black...
By Souhail Karam and Bappa MajumdarRIYADH/NEW DELHI, Aug 4 (Reuters) - The makers of the BlackBerry smartphone held last-ditch talks with Saudi Arabia on Wednesday t...
The makers of the BlackBerry smartphone held last-ditch talks with Saudi Arabia on Wednesday to avert a threatened cut-off of a key service, while India took a tough...
George Efstathiou of Skidmore, Owings & Merrill discusses Dubai’s newest skyscraper.
We break down how what effect the vacation destination is having on the global economy.
Mayor Richard Daley on changing the Sears Tower to the Willis Tower.
Garrett Kelleher
A New York judge said on Monday he was leaning toward allowing a group that wants to roll the Empire State Building into a real estate investment trust to force any ...
Every new solar panel installed on European rooftops chips away at power utilities' centralised production model. Unless they reinvent themselves soon, these giants ...
A member of Abu Dhabi's royal family says he plans to spend $45 billion over up to 15 years on a real estate project in Karachi, touted in Pakistan as the country's ...
Research In Motion Ltd (NASDAQ:RIMM) unveiled a long-delayed line of smartphones on Wednesday it says will put the company on the comeback trail in a market it once ...
We all know people who like to brag about their travels. Here are eight hotels recommended by Hotels.com that are big enough, tall enough or expensive enough to warr...
Atlanta's Bank of America building for sale
By Sitaraman Shankar and Rachna UppalDUBAI (Reuters)- Nearly two years after it was forced to go cap in hand to neighbor Abu Dhabi for a bailout, a chastened Dubai h...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2013 FOX News Network, LLC. All rights reserved.