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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