UNITED ARAB EMIRATES

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Honda aims to kick-start Acura with new models

Honda Motor Co <7267.T> unveiled three Acura models at the Detroit auto show on Monday including an entry-level sedan and an NSX supercar as it aims to put the struggling premium brand back on the map in the crowded U.S. luxury market.
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Israel vows to hit back after credit cards hacked

Israel said on Saturday the online publication of thousands of its citizens' credit card details by a hacker who says he is based in Saudi Arabia was comparable to terrorism, and promised to hit back.
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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.
Bahrain

Funeral of Bahrain Youth Turns into Street Protest

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.
&#039;The Dirty Picture&#039;

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).
Oil Prices

Oil Prices Rise on Middle East Unrest

U.S. February crude jumped 90 cents to $99.57 per barrel after reaching a high of $99.87. Brent February crude rose 46 cents to $108.17 per barrel. Trading volumes were light. The oil price increase was different than a week ago when Europe concerns pushed prices below $100.
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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