US president Barack Obama said difficult compromises were needed to move the United States forward in a speech after he won a second term in the White House by beating Republican challenger Mitt Romney earlier today.
Re-elected US President Barack Obama will take a tougher stance on the Syrian civil war during his second term and will use the US’s leverage with Gulf states to help resolve the conflict, former US Secretary of Defence William Cohen has said.
Barack Obama tweeted “four more years” shortly after winning the state of Ohio.
Brent futures held below US$111 per barrel on Wednesday as concerns about weak demand in a fragile economy and Greece outweighed supply disruption worries on escalating tension in the Middle East.
Syrian lawmakers urged a fresh economic response from President Bashar Assad’s government after the 2013 budget revealed a more than threefold growth in the deficit amid falling revenue and rising expenditure.
British Prime Minister David Cameron met with Saudi Arabia’s King Abdullah and other top Saudi officials in Jeddah on Tuesday following a two-day visit to the UAE, where he secured a defense partnership with the Gulf state
Dana Gas, the first UAE company to fail to meet a bond redemption, said on Wednesday it reached an "in principle" restructuring agreement with creditors to repay the US$1bn Islamic bond, or sukuk.
Dubai’s Emirates Airline has signed Britain’s low-cost carrier easyJet to its frequent flyer programme Skywards. The agreement will enable Emirates’ frequent flyers to redeem their Skywards miles on easyJet flights across Europe and North Africa from November 6, said the airline.
Abu Dhabi's two biggest property developers Aldar and Sorouh have both reported big Q3 profits increases ahead of the two companies potential merger slated for later this year.