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Bill Clinton: Dubai In “Strong Position” To Win Expo 2020 Bid

The former US President says the emirate’s model of “shared prosperity” is an inspiration for the Middle East.

US Allies Plan Big Gulf Naval Exercise In May

Representatives from over 30 nations will gather in Bahrain to practise minesweeping and escorting ships.

UAE Relaxes Travel Restrictions On Canadians

The UAE withdrew its visa waiver for Canadian citizens more than two years ago amid a dispute over landing rights.

Etihad Starts Washington DC Flights

The Abu Dhabi carrier will also open a $6.8 million premium lounge this week in Terminal A at Dulles Airport for first and business class passengers

Oman Signs Oil, Gas Exploration Deal With US PetroTel

Under the agreement the company will explore for oil and natural gas in Blocks 39 and 67.

Gold Holds Near $1,600, Upbeat US Data Dents Appeal

Gold is likely to remain in consolidation in the next few months, say experts.

Abercrombie & Fitch Joins Hollister In Dubai

The American fashion label will launch its first Middle East store in the emirate in 2014.

Former Deyaar CEO Shahin Sentenced To 15 Years In Dubai Prison

Zack Shahin has been convicted of embezzling Dhs30 million along with the three other men.

US Imports Of Saudi Crude Oil Up Nearly 300,000 bpd Last Week

Shipments to the US from OPEC’s top producer had dipped earlier in the year.

Obama Talks Tough On Syria, Counsels Patience With Iran

The long-running Middle East peace process took a back seat at the start of Obama’s four-day tour.

US Fertilizer Firm Enters Phosphate Joint Venture In Saudi Arabia

US-based Mosaic Co plans to invest up to $1 billion in a joint venture with Saudi firms Ma’aden and SABIC.

Occidental Sees $200m Q1 Hit Due To Qatar Maintenance

First-quarter sales volumes will be down by around 40,000 bpd partly due to production issues in the MENA region.

Obama Picks New US Ambassador To Libya

Deborah Jones, a former ambassador to Kuwait, has been appointed to the post.

Obama Meets Arab American Leaders Before Middle East Trip

Obama met about 10 leaders on Monday to seek input for his meetings in the region.

Gold Bounces From 2-Week Low As Stimulus Seen To Continue

Better-than-expected US jobs data helped push spot gold up 0.2 per cent to $1,580.66 an ounce.

UAE-US Trade Up 34.6% In 2012, Hits Dhs91bn

The UAE’s imports from the US equalled around $22.57 billion, up roughly $6.7 billion over 2011.

Dow Hits Record High, Surges Over 126 Points

The gains came as investors poured money into blue-chip stocks on signs of an improving US economy.

Oil Falls On Slowing Chinese Economy, Ample US Supply

U.S. crude has fallen around $8 per barrel over the last month.

Court Rules Kuwait Venture To Pay $2.48bn To Dow Chemical

Kuwait’s Petrochemical Industries Co (PIC) pulled out of a $17.4 billion joint venture deal in late 2008.

Starwood Relocates Global HQ To Dubai In March

With 80 per cent of Starwood’s pipeline coming from rapidly growing markets, President says it’s not possible to lead a truly global business “from a boardroom in Connecticut”

Abercrombie & Fitch To Launch In Middle East With MAF

American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.

Kerry Makes First Foreign Trip To Middle East

The top U.S. diplomat will visit Saudi Arabia, Qatar and the UAE in his nine-country whistle stop tour.

Tough Diamond: Exclusive Interview With Tiffany & Co CEO, Mike Kowalski

The global boss of Tiffany & Co, Mike Kowalski, plans to put the sparkle back into lost earnings with a focus on emerging markets.

Obama Struggling Over Whether To Intervene In Syria

U.S. President: “In a situation like Syria, I have to ask: can we make a difference?”

Bahrain’s Investcorp sells CCC Information Services

Investcorp sold the insurance industry software provider to US-headquartered Leonard Green & Partners.

Obama Meets New Saudi Minister At White House

The President of the United States met with Prince Mohammed bin Nayef to discuss security issues.

Morgan Stanley To Trim Dubai Staff Amid Global Cuts

The bank plans to slash 1,600 jobs globally to reduce costs.

Abu Dhabi’s TAQA Buys 50% Interest In US Wind Power Project

The acquisition of the 205.5MW Lakefield wind project in Minnesota is expected to close in Q1 2013.

US Fiscal Cliff Avoided: President Obama Hails Deal

The Senate-backed deal was passed late on Tuesday in the House of Representatives.

US Senate Approves Deal To Avert Fiscal Cliff Crisis

The agreement is now pending a vote in the House of Representatives.