Default became a dirty word in the United Arab Emirates after 2009, when Dubai World requested a six-month delay on payments on US$26 billion in debt. So much so that when UAE energy company Dana Gas this month missed repayment on a US$920 million Islamic bond, local press hesitated to label it as a default. […]
Touring the luxurious campus of the American University of Sharjah last week, I was yet again struck by what money, especially petrodollars, can buy. Sharjah is an emirate of the United Arab Emirates, located adjacent to Abu Dhabi. Designed by the ruler of Sharjah, Sultan Bin Mohammad Al Qassimi, one of the more enlightened of […]
The UAE is one of several Gulf nations using its oil wealth to find new ways to build a position of substantial influence in the world. For many years, the ambitions of the Gulf Cooperation Council (GCC) nations were directed internally as they struggled with the mammoth task of building the infrastructure and social systems […]
looking beyond borders 