U.S. financial giant Citigroup to cut another 53,000 jobs

U.S. financial giant Citigroup to cut another 53,000 jobs    0 ...

Brazilian Embraer Wins Jet-Plane Orders Worth $208.2 Million

Brazilian Embraer is the world's fouth-largest aircraft maker ans still growing even with the global financial crises. These are good news for the Brazilian economy. See also: Brazil's Embraer delivers 48 jets in 3rd...

Australia Gets Top Spot in Country Brand Index, Canada and US Trail Behind

Australia has come out at the top of the pack for the third year in a row by the Country Brand Index, with Canada and the United States trailing in 2nd and 3rd place, respectively. The rankings were pulled by well known brand consultancy FutureBrand and the PR firm Weber...

Dubai Sex-on-Beach Couple Appeal Conviction

The British couple who were caught having sex outside of marriage, drunkenness and public indecency in Dubai are appealing their guilty verdict, which left them with three months in prison and deportation from Dubai....

OPEC eyes cutting output by 1-1.5 mbpd - UAE agency

The falling crude prices along with looming recessionary threat ,The OPEC is going to cut the production of crude by1- 1.5 mb per day.This panic move of OPEC clearly opens up the story behind the crude price movent,...

Whale Shark to be held Captive Indefinitely... what a surprise!

Following on from my earlier story about the Whale Shark caught off the coast of the UAE and taken to the newly opened Atlantis hotel for 'observations', new information has come to light on the future of this...

News: Dubai builds the world's tallest tower (again)

Currently, the world's tallest structure is the soon to be finished the Burj Dubai, which is rumoured to stand at 818 meters. Today, Dubai revealed its successor, the Nakheel Tower, to be "over one kilometre" high...

Iraq resumes oil supplies to Jordan

For the first time since the 2003 U.S.-led invasion, Iraq is now able to ship oil to energy eager Jordan at a discount price.  "Jordan expects about 10,000 barrels of Iraqi oil to be trucked everyday to the...

Oil soars as global financial turmoil continues

" Oil prices have jumped more than $25 a barrel to record their biggest ever one-day gain as US stocks took another beating amid the continuing global financial turmoil.  Uncertainty about what the US...

Zardari to launch ‘Friends of Pakistan’ initiative in NY

" President Asif Zardari will launch a “Friends of Pakistan” initiative in New York next week to garner urgently- required economic and security assistance from leading members of the international community official sources said here Saturday. The Friends of Pakistan...

Syria names first ambassador to Iraq since 1980s

As The second round of indirect Israeli-Syrian peace talks -which were set to be held in Turkey on Thursday- is likely to be postponed because of Israel's political situation, Damascus continues its rapprochement...

Answering the gold (and silver) price conundrum « Peter J. Cooper’s Weblog

"I am absolutely convinced that the answer to the gold and silver price conundrum is that the market this week is seeing liquidation of commodities by funds that urgently need cash for other reasons, such as margin calls, which is being balanced by physical buying of gold and...

Beggars found staying at five-star hotels in UAE

Begging is a sin in the Islam and banned in most of the Islamic countries. Now Police in the Gulf  state of Abu Dhabi have started a special campaign against  begging. Much to their shock some beggars who were caught red-handed, were found staying in expensive...

Iran slams territorial claims on its islands

" Wed, 03 Sep 2008 14:55:31 GMT Iran has responded to a recent statement by Arab countries, dismissing territorial claims made by the UAE on three Persian Gulf islands.  "All of our country's policies and initiatives on the island of Abu Musa are legal and in line with...

British Couple on Trial for Sex on Dubai Beach

If convicted they can get two years in jail. But, please, don't overreact. We are dealing with a different culture and we need to respect it. That's how they do it in Dubai and I don't think any of us have the moral authority to judge."A British couple on trial for allegedly...

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