united arab emirates

Why Frederick's Move Into Abu Dhabi Makes Sense

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.

Orders for Boeing's 787 Jet Keep Falling

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.

Gucci Has Designs on the Luxury Hotel Market

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.

Monument or Tombstone for Dubai?

The emir of Dubai opened the world's tallest building Monday amid talk of his nation's massive debt, its overextended real estate market, rising unemployment and a host of other recession-linked miseries. But despite the many experts ready to write Dubai's financial obituary, the emirate is far from dead yet.