Dubai receives bailout from Abu Dhabi

Monday, December 14, 2009 The government of Abu Dhabi in the United Arab Emirates has agreed to give US$10 billion to its neighboring emirate, allowing the state-owned Dubai World conglomerate to repay its immediate debt obligations. Dubai says more than $4 billion of the injection will be given to Dubai World’s property firm, Nakheel, to […]

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Saudis boycott Danish dairy produce

Friday, January 27, 2006 On January 26, 2006, a massive boycott of dairy produce from Arla Foods started in Saudi Arabia over what is perceived as a Danish attack on Muslim values. The Saudi ambassador to Denmark has been recalled for consultations. The Danish/Swedish dairy company Arla is facing a massive loss after a spreading […]

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Hurricane Bill now a Category 4 storm

Wednesday, August 19, 2009 Following a period of steady intensification, Hurricane Bill is now a Category 4 major hurricane, as defined by the Saffir-Simpson Hurricane Scale. Bill formed on August 12 and became the 2009 season’s first hurricane on August 17. For the past few days, the storm has been moving toward the west-northwest, but […]

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