Frederick's of Hollywood, the racy lingerie store that famously introduced the the first push-up bra and brought the first bikini to the U.S., has opened its first international store in a surprising place: the United Arab Emirates. Here's why the move, weirdly enough, might make sense.
The United Arab Emirates will not suspend BlackBerry services next week as threatened. The UAE and Canadian smartphone maker Research In Motion have resolved their dispute over access to email and other data.
BlackBerry maker RIM reached a deal with Saudi Arabia, averting a ban on its service in the country. The pact gives the nation's government the ability to monitor messages to and from RIM's smartphones.
Boeing has had more canceled orders for its 787 jet than new orders now that aircraft-leasing company Dubai Aerospace Enterprise has stopped 25 orders in the past month.
Saudi Arabia has ordered its mobile operators to stop providing services for Research In Motion's BlackBerry smartphones by Friday. The news comes days after the United Arab Emirates said it would halt BlackBerry data services in October.
The Gucci name has gone from designer leather goods to designer clothes -- now, it's getting into the hospitality business. Elisabetta Gucci Hotels, led by the daughter of designer Paolo Gucci, plans to open its first boutique hotel in Dubai this year.
The Dubai government says it will bail out the overstretched companies behind the emirate's ambitious real-estate developments. This is welcome relief for nervous markets and rattled creditors.
It's tempting to view the Burj Khalifa as a prefab artifact, ready-made for future archaeologists to pick over while muttering about hubris and failure. But despite the many experts ready to write Dubai's financial obituary, the emirate is far from dead.
