UAE scolds EU over Human Rights resolution
The European resolution was not backed up by any threat of action against the UAE, but international criticism of the U.S. ally in the Gulf has caused friction in the past.
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The European resolution was not backed up by any threat of action against the UAE, but international criticism of the U.S. ally in the Gulf has caused friction in the past.
October 27, 2012 9:31China is Iran's largest crude oil customer and, along with Russia, has resisted putting sanctions on Tehran.
October 16, 2012 1:52While welcomed by European leaders, the award will have little practical effect on the debt crisis afflicting the single currency zone.
October 13, 2012 8:47David Van Oss, Principal Consultant of PRTM Management Consultants, talks about challenges in the eurozone and American presidential elections.
June 4, 2012 4:30The International Monetary Fund (IMF) flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.
February 25, 2012 12:14Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international pressure on Friday and said it was ready to block Iranian banks from using its network to transfer money.
February 19, 2012 10:09Abu Dhabi's Etihad is interested in holding talks with the Irish government over the sale of its 25 percent stake in Aer Lingus, the Middle East airline's Chief Executive James Hogan told the Irish Independent newspaper.
February 11, 2012 6:16Cyprus will announce a second hydrocarbons licensing round for oil and gas offshore in mid-February, its energy minister said on Tuesday.
February 7, 2012 3:29Iran lawmakers may ban crude exports to EU within days; NIOC chief says this could hurt companies owed Iranian oil; Italy's ENI has said Iran owes it $1.4-1.5 bln in oil
January 29, 2012 11:12Asian stocks pause after rallying on Fed, gold up; EU will lose, rather than Iran, from sanctions, says Ahmadinejad; Brent to revisit low of $108.91/bbl
January 28, 2012 1:28Dubai's real economic growth is expected to slow to 4.1 percent in the first quarter, due to the impact of lower economic activity in China, India and the European Union, according to a report from the Dubai Economic Council.
January 24, 2012 1:52EU foreign mins target Iranian oil revenues; Grace period to blunt initial impact; Debt woes complicate EU foreign policy
January 23, 2012 2:55The United Nations will make a new attempt next week to break a deadlock over ethnically split Cyprus as peace talks crucial to Turkey's bid to join the European Union close in on a deadline.
January 22, 2012 11:29Iran warned its Arab neighbours on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran's OPEC Governor Mohammad Ali Khatibi was quoted as saying.
January 15, 2012 2:31The European Union is expected to bring forward a meeting of foreign ministers due to decide on an oil embargo on Iran by one week to January 23, EU diplomats said on Monday.
January 10, 2012 10:58