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(Bloomberg) -- At the height of the global pandemic, as Dubai faced an exodus of expatriates and mounting competition from neighboring business hubs, the government opened up. That decision is now helping the city dodge the commercial real estate crisis rippling across the globe.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilTop Investors Share the Toughest Lessons They Had t

(Bloomberg) -- Some Russian banks appear to have maneuvered around a ban on shipping dollars and euros to the country by trading gold in the United Arab Emirates and Turkey, according to research from a financial-intelligence company.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets Shift‘Money Dysmorphia’ Traps Millennials and Gen ZersNYCB’s Cred

(Bloomberg) -- Abu Dhabi wealth fund ADQ and Turkey are in talks to build a railway over Istanbul’s Bosphorus strait as part of a planned trade corridor linking Europe to the Middle East and Asia, according to Turkish officials familiar with the matter.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields

The European Union’s top official is expected to increase pressure on the United Arab Emirates to clamp down on the export of sanctioned goods to Russia, according to people familiar

(Bloomberg) -- Over the past year, the oil-rich emirate of Abu Dhabi has explored a string of ambitious acquisitions in the international banking sector in an attempt to become a global financial powerhouse. None have panned out so far. Most Read from BloombergThese Are World’s Most Expensive Cities for High-Class LivingNoises Detected in Search for Titanic Sub as Oxygen DwindlesHedging Failure Exposes Private Equity to Interest-Rate SurgeWhat We Know About the Missing Titanic SubmersibleTitanic