
Is is Abu Dhabi not Dubai that is heart of the United Arab Emirates. It is the wealthiest of all the seven emirates and the capital city. Dubai sits on $50 billion of debt while Abu Dhabi is so wealthy is recently loaned Dubai $10 billion.
And...

The head of a green-energy project in Abu Dhabi says the oil-rich emirate plans to generate 7 percent of its energy needs from renewable sources by 2020.
Oil executives and political leaders told a major petroleum conference Monday that the era of cheap energy is over, and warned of another price spike if investment in oil production is curtailed.
British Prime Minister Gordon Brown on Monday called on the new U.S. president to show further leadership on the global economy and not retreat into protectionism.
The United Arab Emirates canceled billions of dollars of Iraqi debt Sunday and moved to restore a full diplomatic mission in Baghdad, evidence of Iraq’s improved security and growing acceptance of its Shiite-led government.The Abu Dhabi government...
The United Arab Emirates canceled billions of dollars of Iraqi debt Sunday and moved to restore a full diplomatic mission in Baghdad, evidence of Iraq’s improved security and growing acceptance of its Shiite-led government.The Abu Dhabi government...
The United Arab Emirates is canceling all the debt Iraq owes to the tiny oil-rich Gulf state.Emirates’ official news agency quotes the UAE president as saying he will cancel $4 billion in debt owed by Iraq.The announcement came as Iraq’s prime minister...
The U.S. Navy commander in the Persian Gulf says Iran will never be allowed to seal off the Strait of Hormuz.5th fleet commander Vice Adm. Kevin Cosgriff and Gulf state navy commanders are discussing security at conference.The 5th Fleet is based in...
The British government has raised its terror warning to the highest level for its citizens living in the United Arab Emirates, an embassy spokesman said Monday.A statement posted on the Web site of the British Embassy in Abu Dhabi said the country has...
The Emirati president has appointed the first female judge in this conservative Muslim country.The appointment makes the United Arab Emirates only the second Persian Gulf nation _ after Bahrain _ with a woman in a high-profile judiciary position.Kholoud..
OPEC decided Wednesday to keep output ceilings steady for now, in a move that briefly propelled crude prices above $90 a barrel.Other delegates said the 13-nation group will meet again early next year to review that decision.The formal announcement by...
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