Canada became the first country to announce its withdrawal from the Kyoto protocol on climate change delivering a major blow to an already troubled global treaty. The country's environment minister said Ottawa has better things to do rather than...
Chief analyst at a global bank has termed the pegging of Gulf currencies with US dollar as unsustainable and damaging in the long term. David Bloom, global head of foreign exchange strategy at HSBC, said hard peg of GCC...
United States and other countries are having sleepless nights over prospects that troubled eurozone economies like Italy and Spain might knock IMF's door for bailouts and rescue packages. US officials said last weekend the International Monetary Fund cannot be expected...
For all you tweeps out there, there is something in store for you. To the Android and iPhone users, look carefully at your twitter page, you may just find a difference, or you may find the similarities between Twitter...
Etihad, UAE's national flag carrier, is tipped on taking a stake in Air Berlin, Germany's second-biggest carrier. German media is rife with reports that Etihad is eyeing a minority stake in shape of a capital increase. Speculations helped Air...
�Tell me what you eat and I will tell you who you are. ~ Anthalme Brillant Savarin Just when the world woke up to the delights of Epicurean experience, and the health benefits of going Organic, food trends in Indian...
UAE government has approved a draft of companies law that will allow foreign ownership stake above the current 49 per cent. According to state news agency WAM, the country is looking forward to ways to attract more foreign investment...
Sources inside Indian government insist plans to open up the retail industry have been put on hold, days after giving a formal nod to global retail giants. Opposition parties and senior figures within the government openly criticised the move...
Iranian Foreign Ministry spokesman warned Sunday cornering his country by US-led coalition will push prices to unsustainable levels and lead to dangerous consequences for the whole world. "As soon as such an issue is raised seriously the oil price would...
Gone are the days when criticism of US interventionist policies was exclusive to rogue states like Iran, Syria and North Korea or terrorist organisations like Al Qaeda. Europe's Airbus has accused the White House of sabotaging an open competition...
UAE government Wednesday announced setting up a AED10bn ($2.7bn) debt fund to pay off loans of low-income citizens and increase salaries of some state employed nationals. The state news agency WAM said UAE President Sheikh Khalifa bin Zayed Al...
A spokesperson for Dubai International Capital, on condition of anonymity, announced the investment fund has reached a deal with creditors to renegotiate terms on $2.4 billion worth of debt. DIC is part of Dubai Holding conglomerate, an entity controlled...
Saudi Arabia, OPEC's largest crude oil producer, insisted it will make sure that this week's climate talks in Durban won't have an impact on the Kindgom's and oil exporting cartel's income. Organisation of the Petroleum Exporting Countries (OPEC) members have...
Foreign supermarkets are set to launch their retail operations very soon in India and are promising their shoppers a world-class experience that centres on quality, excellent customer services, cleanliness, and better bargains. This is a far cry from the...
Dubai's real estate market plummeted around 70 per cent seeing less than 1,700 deals in the first ten months this year compared to the housing market boom in mid-2008. Dubai Department of Land figures showed only 1,603 deals were...
A purpose-built aerotropolis, named Dubai World Central, is set to host the 2013 version of Dubai Airshow. According to Sheikh Ahmed Al Maktoum, Chairman Dubai Aviation City Corporation, the aviation district covering 6.8 sq. km will provide both landslide...
Qatar Airways and Airbus patched up their differences to seal a dramatic deal that confirmed the order for five A380 super jumbos and 50 A320neos along with another 30 options. Insiders said the deal stalled on the third day...
Oman Air has also made a spectacular move to match regional rivals Emirates after the Muscat-based airlines announced an order of six Boeing 787-8s Dreamliners at the Dubai Airshow. Oman Air currently operates direct flights to 41 destinations across...
Emirates Airlines stole the Dubai Air Show on Sunday by placing a record-breaking order worth $18 billion that will see the inclusion of 50 Boeing 777s. Other option orders include 20 more 777s that will cost the Dubai flag...
International Energy Agency has warned that oil prices could hit the $150 barrier if Middle East and North Africa countries stop investing in oil production. "If between 2011 and 2015 investment in the MENA region runs one-third lower than...
Sheikh Mohammed has approved an AED2bn construction package that oversees several tourism, residential and commercial projects across Dubai emirate. "The projects include the renovation of Al Maktoum Hospital, expansion of Le Meridien Airport Hotel, development of Al Muraqqabat and...
The massive earthquake in Turkey has grabbed headlines of today's newspapers. Khaleej Times said as many as 1,000 people are feared dead when a powerful earthquake measuring 7.2 on Richter scale hit the scenic city of Van and surrounding districts...
Today's papers have mourned the death of Saudi crown prince with main headlines and photograph of late Sultan bin Abdulaziz Al Saud. The National reported that the UAE President Sheikh Khalifa has sent a condolence message to Riyadh and ordered...
Gaddafi's last moments and brutal death at the hands of his captors has taken UAE's newspapers by storm. Gulf News published the photograph of Gaddafi's bloodied body lying in a storage freezer in a Misurata market. The paper's main headline...
The National main headline said Emirati jobs target will fail without subsidies as GCC ministers gathered to discuss the challenges of localisation of labour. "Why do we need subsidies? Because the gap between the private and government salaries is...
Inspired by the Arab Spring, Americans as well as people in other countries are joining the Occupy Wall Street movement in droves. The protest which started when a few hundred people camped outside corporation offices in Wall Street, New...
Violence in the region dominated the front pages of today's UAE papers. Renewed bloodshed in Syria and Al Assad regime's dismissal of Arab League demands were reported by Gulf News and The National. Syrian opposition has already expressed its anger...
Both Khaleej Times and Gulf News have featured the developments regarding Syria. Gulf News said Arab League has been served an ultimatum to start comprehensive dialogue with the opposition within two weeks. The Dubai-based paper quoted sources within the League...
Today's newspapers have discussed the global riots against the elite in great detail. "The 99% cry for change" Khaleej News' main headline declared along with a large photograph of a half naked protestor hurling a tear gas canister towards police...
The boost in social welfare spending featured big on front pages of today's newspapers. The National reported that cabinet ministers approved a draft budget that will increase spending on social services, health care and higher education by two per cent...