- The UAE is making it more difficult for immigrant laborers to enter the country on tourist and other short-term visas in a bid to prevent foreign criminals from entering the country under the guise of looking for work. The rapidly developing country has been built up with immigrant labor mostly from South Asia, who form a majority of the Gulf nation's 8 million plus population.
- Pakistan's Supreme Court finally got its way late Tuesday in a long-simmering row regarding President Asif Ali "Mr. 10 Percent" Zardari's unwillingness to respond to a Swiss inquiry into his alleged corruption dating back to his days as a high-ranking official under his wife Benazir Bhutto's second administration.
- Each week, the IBTimes Money team picks the six biggest, most dramatic, or most compelling winners and losers in business. For the week of Sept. 3-7, the former include global automakers such as the Honda Motor Co. (NYSE: HMC), and the latter include the Nokia Corp. (NYSE: NOK).
- Dubai International is rapidly becoming a major international connection. For ailing Qantas Airways Limited (ASX: QAN) the move of its European hub from Singapore to the UAE will help lower the cost of shuttling travelers back and forth between Melbourne or Sydney and London.
- Emirates, the world’s largest airline by international passenger traffic, has agreed to a revenue-sharing pact with Qantas Airways Ltd. (Sydney: QAN), Australia's largest airline and the oldest continually operated airline in the world, leaving Emirates' former partner British Airways out in the cold.
- The Dubai Gold and Commodities Exchange traded 938,837 contracts in August, valued at USD 34.81 billion, registering an increase of 71% compared to the same month last year. DGCX Year-to-date (YTD) volumes increased by 153% from last year, aggregating to 5,752,486 contracts. This growth was primarily driven by currency futures, trading 5,279,123 contracts - a 179% increase on last year.
- The UAE is expected to spend an average of $11 billion a year through 2031 on an estimated 882 commercial aircraft, according to a report by Airbus on the global market for aircraft.
- Unless India's Congress-led United Progressive Alliance (UPA) government has been hiding all the ground-breaking policy decisions for next year, the 2014 general elections aren't likely to go their way. However, a latest survey indicates that they won't go the other way either, with the Bharatiya Janata Party (BJP)-led main opposition National Democratic Alliance (NDA) likely to lose seats, raising the hopes for a third political front to come to power.
- Australian Clive Palmer is looking to use DNA and cloning as a way to make the science fiction of ?Jurassic Park? a reality, according to Sunshine Coast Daily.
- Dubai's police chief Dahi Khalfan has warned that Islamists are plotting to overthrow the governments of Gulf Arab states, following a recent spate of arrests of political dissidents.
Shooting Off Dubai Coast: US Says Boat's Crew Ignored Warnings, Indian Fishermen Say Shooting Was UnprovokedThe U.S. officially Tuesday confirmed that shots were fired by a U.S. Navy vessel, killing an Indian national and injuring three others off a Dubai port Monday afternoon, Indian officials said.
- A bit of geopolitics and an upcoming appearance by US Fed Chairman Ben Bernanke before Congress today has sent the oil bears to the sidelines along with some light buying and fresh enthusiasm from the QE crowd over the last twenty four hours. The short covering started yesterday on news that a US Navy vessel fired on a fishing boat off of the coast of Dubai after the vessel ignored warnings not to approach. According to the UAE state news agency the person killed and the three people injured wer...
- It is obvious that the simmering tensions in the Strait of Hormuz are starting to boil over. Yesterday a report that a US ship fired on a boat just outside of the strait send Brent and WTI up to a new high for the session. This comes as the market already had a bullish bias in anticipation of what Fed Chairman Ben Bernanke might say about another shot of stimuli against a backdrop of a slowing global economy. The International Monetary Fund lowered growth Forecasts and more European banks have b...
- A prediction, preview of women's Wimbledon final.
Hamas Says Mossad Responsible For Its Senior Leader?s Death; Syrian Opposition Blames Pro-Assad MilitiaA senior Hamas leader has reportedly been assassinated in the Syrian capital Damascus. The Palestinian group holds Mossad, the Israeli intelligence agency, responsible for the killing.
- From busy lanes along the feet of skyscrapers and a throng of commuters armed with cutting edge technology, to shamanistic shrines and grand palaces, Seoul -- a city of ten million -- is an amalgamation of a modern high-tech metropolis retaining the legacy of age old traditions.
- Tropical Storm Debbie in the Gulf of Mexico looked much more threatening to oil and Nat Gas production on Friday which contributed to the short covering rally in both of these commodity classes. However, over the weekend the storm changed its path (as tropical storms often do) and is now on a path toward the east and away from the oil and Nat Gas rich producing region of the Gulf. TS Debbie is currently projected to remain a TS and make landfall around the Florida - Alabama border. At the moment...