Somali pirates who seized a Ukrainian freighter carrying arms were on Sunday surrounded by several foreign warships off Haradere, in central Somalia, a ranking Somali official and witnesses said. The MV Faina was seized on Thursday with a crew of 21 people on board as it neared the Kenyan
Abu Dhabi needs to establish business incubators to support its small and medium enterprises (SMEs) as part of a long-term drive to diversify its oil-reliant economy, the government said yesterday. The emirate should also chalk out a strategy to attract women into such businesses, create project
The death toll from a bomb blast in a New Delhi flower market rose to two on Sunday after a man died from injuries, and investigators hunted for the two motorcycle riders who left the explosive, police said. Another 22 market goers were wounded when a package exploded in the Mehrauli area [...]
US Treasury Secretary Henry Paulson said Sunday "great progress" had been made toward a landmark deal on bailing out the troubled US financial industry. "We’ve been working very hard on this," Paulson told an early morning news conference. "And we’ve made great
Cambodia ?s Prince Norodom Ranariddh ended 18 months in exile Sunday after his brother the king pardoned him for an embezzlement conviction. In July, the Supreme Court upheld a lower court ruling that found the prince guilty of breach of trust and sentenced him in absentia to 18 months in
The Middle East has become the fastest growth region for the money transfer and remittance industry due to the huge development projects requiring increasing numbers of expatriates. Jean Claude Farah, Regional Vice-President for the Middle East, Pakistan and Afghanistan at Western Union, said
Torrential rain isolated more than 20,000 people in an area of southwest China still recovering from a devastating earthquake in May, state media said on Thursday, with eight people dead and dozens missing. Heavy rain caused flash floods, cave-ins and landslides in mountainous Sichuan
Dubai residents have expressed deep concern over the imminent eviction of thousands of tenants as the ?one villa, one family? policy comes into force. Dubai Municipality has vowed to strictly uphold the ruling, which states that villas cannot be occupied by multiple families or ’sharers’, and
International Golden Group (IGG) is to start manufacturing military equipment in the UAE, its new chairman revealed. Until now the firm has supplied the armed forces with imported goods. Also, the board is considering plans to convert IGG into a public company. "IGG’s board will attempt to
Dubai is the financial centre with the most potential among world cities, and the number one location for companies to open new offices, according to an influential survey. Dubai led the charge for the Middle East in the Global Financial Centres Index, which ranked the emirate ahead of Qatar