United Arab Emirates

DUBAI, United Arab Emirates (AP) — Oscar-winning actor Kevin Spacey is hoping to foster dramatic talent in the Middle East with a new theater arts academy. The joint venture by the Kevin Spacey Foundation and another group led by an Emirati...

WASHINGTON (Reuters) - The United States blacklisted two Dubai-based trading companies on Wednesday, accusing them of helping Iran evade financial sanctions and effectively cutting them off from the U.S. financial system. The move against Al Hilal...

Honeymooners and other tourists from the Gulf are heading to the throbbing heart of Dubai to beat the summer heat by cooling off at the first "ice lounge" in the Middle East. The interior decor of Dubai's Chillout cafe is made entirely of carved ice,...

DUBAI, May 13 (Reuters) - Tanzania released three Emiratis and one Saudi held in connection with the bombing of a church earlier this month, officials from the United Arab Emirates and Saudi Arabia said. The four were detained after the attack on a...

By Dinesh Nair and Jessica Dye DUBAI/NEW YORK, May 11 (Reuters) - One of the credit card processing companies whose security was breached in a $45 million global cyber heist was India's ElectraCard Services, according to two people familiar with the...

WASHINGTON, May 10 (Reuters) - An agreement to extend U.S. customs pre-clearance operations to Abu Dhabi International Airport in the United Arab Emirates has drawn criticism from a group of U.S. senators, who are pressing for more information on the...

DUBAI, May 10 (Reuters) - National Bank of Ras Al Khaimah (RAKBANK) said on Friday that none of its customers had lost any money as a result of a cyber fraud which resulted in a loss at the Gulf bank in 2012. The bank's chief executive, Graham Honeybill,...

(Adds case citation at end of story) By Jessica Dye, Joseph Ax and Jim Finkle NEW YORK/BOSTON, May 9 (Reuters) - In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit...

ABU DHABI, May 8 (Reuters) - The United Arab Emirates, a major financial hub in the Middle East, has revoked the licences of two money exchange companies for non-compliance with regulations including rules against money laundering, the central bank said...

DUBAI, May 8 (Reuters) - The United Arab Emirates (UAE) said three of its citizens had been arrested in Tanzania in connection with the bombing of a church on Sunday that killed two people and wounded six. Tanzanian officials initially said four Saudis...

* Abu Dhabi zone may compete with Dubai in all areas * Aims to recycle more of its own oil wealth * Dubai has entrenched position, flexible management * But Abu Dhabi has huge sovereign wealth fund * Two centres may also cooperate By Stanley Carvalho...

* Markets confident Dubai can meet 2014-2016 payments * But it still hasn't explained clearly how it will do so * Asset sales slow, higher taxes not on the cards * $20 bln Abu Dhabi loans expected to be rolled over * Bond issues, possibly...