G8 Leaders look to head off Eurozone Crisis

G8 Leaders look to head off Eurozone Crisis

,
Leaders of major industrial economies are meeting to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the Eurozone bloc, threatening the future of the common currency. President Barack Obama, the G8…
UAE keen to increase Energy Exports to India

UAE keen to increase Energy Exports to India

, ,
(New Delhi) - United Arab Emirates is keen to increase its energy exports, as well as downstream investments in India, UAE Foreign Minister H.H. Sheikh Abdullah bin Zayed Al Nahyan told reporters during a joint press conference with Indian Minister…
UN talks take first steps on 2015 climate deal

UN talks take first steps on 2015 Climate Deal

, ,
(Bonn) - UN members have taken their first steps in a marathon to negotiate a new global pact by 2015 that for the first time will place rich and poor under a common legal regime to tackle climate change. Meeting in Bonn, the 195 parties to…
Cameron urges action to resolve Euro Crisis

Cameron urges action to resolve Euro Crisis

,
(Manchester) - British Prime Minister, David Cameron urged Europe to sort out its currency crisis, calling on the 17-country eurozone "to make-up or it is looking at a potential break-up". "Either Europe has a committed, stable, successful eurozone…
UAE joins 11-Member Gas Exporting Countries Forum

UAE joins 11-Member Gas Exporting Countries Forum

, ,
(Abu Dhabi) - The Gas Exporting Countries Forum is an intergovernmental organisation of 11 of the world's leading natural gas producers made up of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and…
Greece set for new elections

Greece set for new elections

, ,
(Athens) - Greece will go to the polls for the second time in six weeks on June 17 as fears grew of more instability over the troubled country's future in the Eurozone, the Athens News Agency said. The agency in its statement added that the…
GCC ministers of commerce hold 45th meeting

GCC Ministers of Commerce hold 45th Meeting

,
(Riyadh) - UAE Minister of Economy, H.E. Sultan bin Saeed Al Mansouri is participating in the 45th GCC ministers of commerce meeting being held in Riyadh within the framework of the committee of trade cooperation. Dr. Toufic Al-Rabi’ah, the…
EU slaps 15th round of sanctions on Syria

EU slaps 15th round of sanctions on Syria

,
(Brussels) - European Union Foreign Ministers have decided to impose fresh sanctions on Syria, without publicly providing precise details. Diplomats said the fresh restrictions applied to three people and two firms. Foreign ministers from the…
Merkel faces showdown with Hollande over eurozone crisis

Merkel faces showdown with Hollande over eurozone crisis

, ,
(France) - German Chancellor Angela Merkel, faces showdown with the new French president over crisis in the eurozone, as Greek brinkmanship raises a risk of break-up. Hollande rode to victory in France on a platform of bolstering growth as…
World stocks drop as worries over Greece intensify

World stocks drop as worries over Greece intensify

,
(Milan) - World stock markets dropped as worries intensified over the condition of the eurozone and whether Greece is edging towards leaving the single currency union. In Athens, Greek party leaders were scheduled to resume talks aimed at forming…
China, Japan, S. Korea warn N. Korea off atom test

China, Japan, S. Korea warn N. Korea off atom test

,
(Beijing) - China, Japan and South Korea warned North Korea that they will not tolerate further nuclear tests as the South Korean President amid fears said that Pyongyang is preparing a third atomic blast. Lee Myung-Bak made the remark after…
Sheikh Mohammed to head UAE delegation to GCC Summit

Sheikh Mohammed to head UAE delegation to GCC Summit

, ,
(Abu Dhabi) - President H.H. Sheikh Khalifa bin Zayed received UAE Vice-President and Prime Minister of the UAE and Ruler of Dubai H.H. Sheikh Mohammed bin Rashid and Supreme Council Member and Ruler of Fujairah H.H. Sheikh Hamad bin Mohammed…
India agrees $560 million US artillery deal

India agrees $560 million US artillery deal

,
(New Delhi) - India has agreed a $560-million deal to buy 145 howitzer guns from BAE Systems of the United States as it upgrades its antiquated military hardware, an official said. Indian government will spend 30 billion rupees ($560 million)…
UAE participates in NAM's 17th Foreign Ministers meeting

UAE participates in NAM's 17th Foreign Ministers meeting

, ,
(Sharm el-Sheikh) - The 17th meeting of the Foreign Ministers of the Non Aligned Movement (NAM) opened in the Red-Sea resort of Sharam el-Sheikh with the participation of UAE along with 119 other member countries from around the globe. 17 other…