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Obama rejects G20 pressure on Syria strike planUS President Barack Obama resisted pressure on Friday to abandon plans for air strikes against Syria and enlisted the support of 10 fellow leaders for a "strong" response to a chemical weapons attack. Obama refused to bl More… |
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US, rebels seek Moscow help to oust AssadSyria's rebel leadership and the US seized on Russian pessimism over President Bashar al-Assad's future to urge Moscow to help push its ally into ceding power and end the battles closing in around his capital. "We wan More… |
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Global resources 'face pressure over output'In the final decade of the 20th century alone, 23 per cent of all output was generated at a rapid pace, putting a great stress on resources, according to a leading economic expert. The trade-off between growth and commodity growth More… |
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Abu Dhabi residential rents down 6pcAbu Dhabi has witnessed a six per cent drop in its average residential rents in the third quarter compared to the previous one mainly due to a rapidly increasing housing inventory across the emirate, according to a report. As resi More… |
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Kuwait inflation cools, but food prices a worryWith food price inflation slowing in Kuwait, a major source of upward pressure has abated. However, the recent pick-up in global food prices suggests that inflationary pressures in this category could yet return, said a report. Th More… |
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India cenbank defies pressure to leave rates on holdIndia's central bank has left interest rates on hold but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may ease policy in early 2013. More… |
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UAE real estate recovery 'under pressure'The property markets in Abu Dhabi and Dubai are expecting prices to adjust further owing to the arrival of more fresh supply of housing units, according to a report. The UAE capital is set to see a two per cent drop in its rents a More… |
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Iran on brink of nuke bomb, warns NetanyahuIsraeli Prime Minister Benjamin Netanyahu warned on Sunday that Iran was just six to seven months away from being able to build a nuclear bomb, adding urgency to his demand that President Barack Obama set a clear "red line" for Tehran More… |
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Swiss banks sweat it out as US ups pressureSwiss banks hoping to atone for decades of complicity in tax evasion may be left to sweat it out for months as the US and Germany ponder the right level of punishment. Switzerland has long dodged US accusations of hiding money for wealt More… |
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UAE banks under pressure as Dubai debt talks falterThe UAE sentiment is seen negative and banks are likely to be hit after Royal Bank of Scotland and two other banks abandoned talks on restructuring Dubai Group's $10 billion debt and threatened legal action, said experts on Tuesday. Th More… |
