UNITED ARAB EMIRATES

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West Readies Oil Contingency Plan if Iran Blocks Straits

Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles to replace nearly all the Gulf oil that would be lost if Iran blocks the Strait of Hormuz, industry sources and diplomats told Reuters.

Funeral of Bahrain Youth Turns into Street Protest

Bahrain
Bahraini police fired tear gas and sound grenades after hundreds of Shi'ite youths demonstrated on Sunday against the death of a 15-year-old protester a day earlier in the Sunni-ruled Gulf island kingdom, residents and activists said.
'The Dirty Picture'

Qatar Bans Indian Biopic 'The Dirty Picture'

An Indian biopic, “The Dirty Picture”, on the life of “Silk” Smitha, a South Indian actress known for her erotic roles and films, has been banned by a Qatari agency in charge of censoring films to be screened in the country. The film has already been released in other Islamic nations, including Pakistan and the United Arab Emirates (UAE).
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Strait of Hormuz

What is the Strait of Hormuz?

The Strait of Hormuz has been in the news recently because the price of oil spiked on Tuesday after rumors that Iran might close the Strait of Hormuz, disrupting supplies from the Persian Gulf.To get through the Strait, tankers must pass through Iran's territorial waters.
Overview of the Human Rights Council special session on the situation in Syria at the United Nations in Geneva

United Nations Chief Urges Syria's Referral to ICC

The United Nations High Commissioner for human rights on Friday urged the UN Security Council to refer Syria to the International Criminal Court in the Netherlands following a reveal of evidence by an independent panel that suggests the country's security forces have committed crimes against humanity as it attempts to clamp down on an eight-month-old uprising.
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Pardoned UAE blogger vows to carry on campaign

A pro-democracy blogger who was jailed for insulting UAE leaders, then pardoned and released hours later, Thursday vowed to go on with his campaign work, sounding a rare note of defiance in the Gulf Arab oil state.
President of Belarus Alexander Lukashenko

In a Close-knit World, Frontier Debt Loses Out

The escape route from risky peripheral euro zone debt into higher-yielding emerging markets is becoming increasingly tortuous, as the debt crisis marries the performance of all assets closer together.
United Arab Emirates (UAE) is third richest country in the world, and has a world's largest shopping mall, The Dubai Mall. The country is made up of seven emirates, governed by a president and has an impressive GDP per capita of $57,744. The country has 8

Dubai Diversifies With Push Into Diamonds

The United Arab Emirates, the world's fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity: diamonds.
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Indian minister says no Kingfisher bailout

India's civil aviation minister ruled out a public bailout for India's Kingfisher Airlines or any other airline, urging private airlines in India to put their own house in order.
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Safe-haven status puts UAE luxury car sales in high gear

Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined how the safe-haven status of the United Arab Emirates is fuelling dramatic growth in sales of luxury cars.
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Rafale warplane deal stalled, UAE says proposal unworkable

A long-awaited French deal for Dassault to sell at least 60 Rafale warplanes to the United Arab Emirates appeared to hit a roadblock on Wednesday after the Arab country's crown prince said proposed terms were uncompetitive and unworkable.
Local people stand near an Emirates airplane at Dubai airport

Emirates' $18 billion Boeing order kicks off air show

Emirates airline placed a blockbuster order for 50 Boeing 777 jetliners at the Dubai Air Show on Sunday, underscoring the confidence brimming among fast-growing Gulf airlines despite growing fears of stalling global growth.
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Mediclinic H1 profit up 10.7 pct, shares fall

Africa's biggest hospital group by value, Mediclinic International, reported 10.7 percent rise in first-half profit as strong demand and favourable currency swings helped offset the dilutive effect of a rights offer.
Libya"s newly elected Prime Minister Abdul Raheem al-Keeb

Libya Elects Little-Known Scientist New Prime Minister

Libya's ruling National Transitional Council has elected little-known academic Abdul Raheem al-Keeb as the new interim prime minister to guide the country as it emerges from a bitter civil war towards a new constitution and democratic elections.

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