- Scores killed and wounded in ongoing battles in Homs
The number of people killed in the Syrian army's bombardment of Homs on We... - El-Ganzouri: military council to maintain power until June 30th
Egyptian Prime Minister Kamal El-Ganzouri said in a press conference Wedne... - Fourteen terrorism defendants executed in Iraq
Fourteen individuals convicted of terrorism charges, including the former... - Security forces launch mine clearing campaign in Baghdad farms
Iraqi police in Baghdad announced the beginning of a security campaign to... - Convicted al-Qaeda leader arrested in Kirkuk
A senior al-Qaeda leader who was sentenced to death in absentia was arrest... - Iraqi army arrests nine suspected al-Qaeda members north of Bagh...
The Iraqi army said nine suspected al-Qaeda members were arrested in al-Ta... - Red Cross warns of deteriorating situation in Yemen
The International Committee of the Red Cross (ICRC) published a report Tue... - FIFA donates $250,000 to families of Port Said victims
FIFA donated $250,000 to the families of victims of the football riots in...
Dubai to reform financial system
Following the world debt crisis, Dubai announced it will reform its financial system to address existing "vulnerabilities", wire services reported Sunday (May 23rd). "At a federal level, urgent steps are being taken to address the gaps in the UAE legal and regulatory infrastructure," said Sheikh Ahmed bin Saeed al-Maktoum, head of Dubai's Supreme Fiscal Committee. The federal government is implementing financial restructuring consistent with international standards, he added.
This year, the UAE will issue a law regarding public debt that will "establish a debt management office to co-ordinate the raising of debt for government-related entities," al-Maktoum said.
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