UNITED ARAB EMIRATES

U.S. says UAE BlackBerry ban sets dangerous precedent

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The United States said it was disappointed that the United Arab Emirates planned to cut off key BlackBerry services, noting that the Gulf nation was setting a dangerous precedent in limiting freedom of information.
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Million BlackBerry users face hit after Gulf bans

Over a million BlackBerry users face being cut off from key services in Saudi Arabia and the UAE after authorities stepped up demands on maker Research In Motion for access to encrypted messages sent on the smartphone.
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Gold jewellery purchases soar 291% in India

World Gold Council said jewellery purchases in world's largest gold consumer, India rocketed by 291 per cent to 147.5 tonnes in the first quarter. In its report named Gold Investment Digest, the WGC also said India's total consumer demand surged 698 per cent to 193.5 tonnes.
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Dubai World ready to use tribunal for debt deal

Struggling state firm Dubai Worldis ready to use a special tribunal to force rebel lenders into line on plans to delay repayment of $14.4 billion in debts, according to a source familiar with the matter.
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How do the new anti-Iran sanctions affect oil?

Decades of sanctions against Iran have stunted its economic development and the growth of its all-important oil sector. The international community, led by the United States, has made sanctions more and more stringent as Iran has refused to abandon its nuclear programme.
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BP boss in MidEast as relief well progresses

BP boss Tony Hayward met with an Abu Dhabi state investment fund on Wednesday, part of a quest for cash to ward off takeovers and help pay for the worst oil spill in U.S. history.
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BP CEO Hayward meets UAE's Mubadala

BP Chief Executive Tony Hayward met representatives of Abu Dhabi government investment body Mubadala Wednesday after discussions with the Abu Dhabi Investment Authority .
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Stock futures signal dip along with world stocks

Stock index futures pointed to a lower open on Wall Street on Wednesday after the previous session's tepid gains, with futures for the S&P 500 down 0.2 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent at 4 a.m. EDT.
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BP shares soar as spill spreads

Drilling of a relief well to halt the BP oil spill in the Gulf of Mexico is a week ahead of schedule, the U.S. official overseeing the response to the disaster said on Tuesday.
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BP shares rise on denial of plan to issue stock

BP Plc said on Tuesday that it could cover the costs of the Gulf of Mexico oil spill without selling new shares, despite reports it was talking to government-owned funds in the Middle East about buying a stake to ward off takeover attempts.
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BP approaches funds to fend off takeover bids: source

British oil company BP has approached sovereign wealth funds with a view to securing a strategic investor to fend off takeover bids while it deals with its massive U.S. oil spill, a senior UAE source said on Tuesday.
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Index futures bounce as bargain hunters prowl

U.S. stock index futures rose sharply on Tuesday, tracking gains in global equity markets, as investors looked for bargains after Wall Street closed its worst week in two months.

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