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The United Arab Emirates on Sunday launched a new offshore oil export terminal in Fujairah on the Gulf of Oman that will process up to 75 per cent of the Gulf country’s exports. The terminal has eight crude oil storage Read more
The United Arab Emirates has received a boost in realizing its dream of having a nuclear power plant to meet its rising electricity demand and reduce its expenses on the importation of crude oil after the acquisition of the no-objection Read more
Relations between the United Arab Emirates and Switzerland tend to take a different direction following a newspaper report. A report accompanied with a photo emerged in one Swiss newspaper showing what seems to be a Swiss made hand grenade bought Read more
The ratings agency Standard & Poor’s predicted that the Gulf Cooperation Council banks will be shielded from the Euro zone turmoil and will continue recovering steadily from the 2008 credit crisis, despite the persistence of some pockets of risk. Since Read more
The US has shown its support to the United Arab Emirates regarding the territorial conflict in which it is engaged in with Iran. After a closed door meeting between the countries, at the White House, represented by the Crown Prince Read more
Ahmadinejad’s visit, earlier in the week, to Abu Musa which is considered as a provocation by the United Arab Emirates and the Gulf Cooperation Council is gaining momentum. Abu Musa, Greater Tunb and Lesser Tunb are the three disputed islands Read more
The United Arab Emirates is planning to build a US$3.3 billion solar park designed to produce 1,000 megawatts of power by 2030. The first bids for the construction a 10-megawatt unit will be issued during the 3rd quarter of 2012 Read more
The United Arab Emirates smaller businesses have managed to get support and credit access thanks to a partnership sealed with the Arab Monetary Fund and the International Finance Corporation (IFC). This partnership will enable UAE draft a law on secured Read more
Nine million foreign tourists are expected to visit this year the United Arab Emirates, says Business Monitor International (BMI) in its latest forecast report. In 2011, 8.2 million tourists spent their holidays in the UAE, the second largest Arab economy. Read more