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Are we too dependent on Wall Street for our financial wellbeing?

The world markets waited with bated breath for the US bailout decision. Are we too dependent on Wall Street for our financial wellbeing? Is it time to reintroduce cross-border financial controls to lessen international dependence on New York?

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Majid Al Futtaim to buy Carrefour hypermarkets

Carrefour in Mall of the Emirates, Dubai. Pawan Singh / The National

Majid Al Futtaim will own 100 per cent of Majid Al Futtaim Hypermarkets’ shares, the Dubai-based retailer said in a statement after buying Carrefour's 25 per cent stake for €530 million.  Majid Al Futtaim to buy Carrefour hypermarkets

China tourists asked to behave

The Emirates is becoming an increasingly popular destination for Chinese tourists. Fatima Al Marzouqi / The National

Chinese tourists, who have been flooding global destinations, including the Emirates, have been asked by a top Communist Party official to behave when abroad.  China tourists asked to behave

IMF official urges caution amid resurgence in Dubai property

bz22-IMF

Controls are required to help guard against the risk of a repeat of the boom and bust cycle in the Dubai property market, Masood Ahmed, the director of the IMF’s Middle East and Central Asia Department, said yesterday.  IMF official urges caution amid resurgence in Dubai property

UAE companies law talks back on the agenda

The Minister of Economy Sultan Al Mansouri said the companies law was one of

Stalled discussions to push through the revised 'most critical' companies law will resume next week, Sultan Al Mansouri said. While foreign ownership will not form part of those talks, the issue is not dead.  UAE companies law talks back on the agenda

Obstacles to Emiratisation remain

Visitors check out job opportunities at Careers UAE 2012. Ninety per cent of the 225,000 Emiratis in the workforce are employed in the public sector. Jeff Topping / The National

Barriers are still holding back Emiratis from joining the private sector despite 2013 being designated the year of emiratisation.  Obstacles to Emiratisation remain

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Video: TDIC on the Louvre and Saadiyat Beach Villa project

Video: TDIC on the Louvre and Saadiyat Beach Villa project(Video)

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Video: Aldar optimistic about key developments

Video: Aldar optimistic about key developments(Video)

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Video: Facebook ventures into the travel sector

Video: Facebook ventures into the travel sector(Video)

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Video: A look inside the Kaloti gold refinery

Video: A look inside the Kaloti gold refinery(Video)

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