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UAE markets rally on first day Dubai cancels racecourse deal with Malaysia firm and Arabtec Crude above $46 on Gaza unrest Dubai Duty Free sales increase 23% to Dh3.95b despite global slump Wataniya sees strong demand despite crisis Fearful banks refuse to lend cash Chinese car ownership slows Obama wants big tax cuts Iran and Bahrain call for oil as weapon China to grow 8% in 2009 Small bright spots in a sea of gloom Shop Talk: Discounting is not the solution Office workers tightening their belts 'We should create an environment where people can restructure their payments' Global financial shock biggest threat to companies this year UAE bankruptcy law Coral soft launches its latest property Hotels offer big discounts to boost tourist arrivals Japan's firms in buy-back spree after slump Fed benchmark may be the model for central banks