UAE

A landmark of intolerance: UAE newspaper

A landmark of intolerance: UAE newspaperDhabi, Nov. 12, 2008 -- A major UAE English daily today commented on the Israeli move to built a so-called "museum of tolerance" over an ancient Muslim cemetery in West Jerusalem. The paper said the move was another clear manifestation of Tel Aviv's determination to create irreversible facts on the ground that would obliterate all symbols of Muslim presence in Palestine prior to the creation of the Jewish entity.

UAE condemns US attack on Syria, calls for diplomatic solution

Abu Dhabi - The United Arab Emirates (UAE) condemned the recent attack by US forces on Syria and called on the US to resolve any dispute with Syria "in a diplomatic way."

Future Group forms JVC with UAE-based Axiom Telecom

Top honours for Disgrace at Abu Dhabi film festival

Abu Dhabi - US film Disgrace, directed by Steve Jacobs, was awarded the prestigious Black Pearl award for best picture late Sunday at the Middle East International Film Festival (MEIFF).

Arab bourses volatile in response to global fluctuations

Amman- Arab stock markets fluctuated violently this week, reflecting turmoil on the world markets and lack of confidence that measures taken by the world's largest economies could succeed in handling the global financial crisis, financial analysts said Friday.

"We believe that the psychological impact of developments on world markets will continue to be felt in the Middle East bourses for some time to come," Wajdi Makhamreh, Chief Operating Officer at the Amman- based Sanabel International Holding told Deutsche Presse-Agentur dpa.

"Fears of retreating results of listed firms in the third and fourth quarters due to recession fears are also expected to have negative impact on investors," he said.

Dubai ruler pumps 19 billion dollars into banking sector

Dubai - Amid the global financial crisis, Dubai ruler Sheikh Mohamed bin Rashid al-Maktoum ordered a further 19 billion dollars to be pumped into the national banking sector to boost liquidity, the Emirates news agency WAM reported on Tuesday.

The decision raised the amount of money that has been pumped into the banking sector to 32.7 billion dollars over the last month.

The UAE Central bank, along with the Ministry of Finance, are to inject the money into the national banking sector.

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