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United Arab Emirates

Gates in Abu Dhabi to push for stronger sanctions on Iran
11/03/2010 - DIPLOMACY

Gates in Abu Dhabi to push for stronger sanctions on Iran

US Defense Secretary Robert Gates has arrived in Abu Dhabi for talks with Crown Prince Mohamed bin Zayed al-Nahayan in an effort to win support for harsher economic sanctions against Iran.
President's brother acquitted on charges of torturing Afghan man
11/01/2010 - UNITED ARAB EMIRATES

President's brother acquitted on charges of torturing Afghan man

A court in the United Arab Emirates acquitted the president's brother on Sunday of charges that he brutally tortured an Afghan trader as seen on a videotape. Five co-defendants, including two Lebanese-Americans, were convicted.
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UAE nuclear deal: a French flop?
29/12/2009 - FACE-OFF

UAE nuclear deal: a French flop?

The French nuclear group Areva was trumped by a South Korean consortium in it's bid for 40 billion dollar deal to build nuclear power plants in the United Arab Emirates. Is French nuclear technology losing its competitive edge?
Seoul wins 40-billion-dollar UAE nuclear power deal
28/12/2009 - NUCLEAR

Seoul wins 40-billion-dollar UAE nuclear power deal

A consortium of South Korean firms - including Korea Electric Power Corp, Hyundai and Samsung - has won a deal worth 40 billion dollars to build nuclear power plants in the United Arab Emirates.
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Monetary pact heralds move towards single currency
15/12/2009 - GULF SUMMIT

Monetary pact heralds move towards single currency

Gulf states meeting for a two-day summit in Kuwait have agreed to set up a Gulf monetary council early next year as a first step towards the establishment of a central bank and the creation of a single currency.
Dubai crisis looms over Kuwait talks
14/12/2009 - GULF SUMMIT

Dubai crisis looms over Kuwait talks

The debt crisis that has left Dubai on its knees and sent jitters throughout the region is likely to be the focus of talks at the annual summit of the six-nation Gulf Cooperation Council (GCC), which opens in Kuwait-city on Monday.
Dubai stocks surge 10% on bailout announcement
25/12/2009 - UNITED ARAB EMIRATES

Dubai stocks surge 10% on bailout announcement

Dubai said it would pay $4.1 billion to cover maturing Islamic bonds issued by its Nakheel property developer as news of a $10 billion bailout from oil-rich Abu Dhabi sent shares surging on the United Arab Emirates' main stock exchanges.
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Dubai, spotlight on a crisis
08/12/2009 - THE WEEK IN THE MIDDLE EAST

Dubai, spotlight on a crisis

Our special edition of the Week in the Middle East focuses on the crisis that jolted Dubai and sent shares tumbling across markets.
UAE stocks start to recover after Dubai debt crisis
06/12/2009 - MARKETS

UAE stocks start to recover after Dubai debt crisis

After the shock waves sent through the UAE stock markets on the Dubai debt crisis, the situation seemed to be stabilising Sunday with the Abu Dhabi Security exchange closing 3.89 percent higher and the Dubai main index gaining 1.18 percent.
UAE stocks plunge for second day on Dubai debt woes
01/12/2009 - MARKETS

UAE stocks plunge for second day on Dubai debt woes

Stock markets in the United Arab Emirates plunged for a second day after the government ruled out a guarantee on Dubai World's 59 billion dollars of debt and the troubled conglomerate unveiled major restructuring plans.
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