Bush greets Crown Prince of Abu Dhabi at Camp David
U.S. President George W. Bush (L) walks with Sheikh Mohammad bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, the United Arab Emirates, upon his arrival, on June 26, 2008 at Camp David, Maryland. The Crown Prince is scheduled to stay over night at the presidential retreat (UPI Photo/Mark Wilson/POOL)
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Brazilian entrepreneur Eike Batista faces a further blow to his fortunes after he defaulted on a multimillion dollar interest payment on a $3.6 billion loan, a setback set to drag other Brazilian and international investors into the debacle, analysts said.
Officials in a Spanish city said an Arab sheik escaped punishment for his illegally parked car because it didn't have European plates and was too large to tow.
Hard Rock Cafe in Beirut closes in a sign of the region's problems affecting tourist visits.
Energy services company Technip announced it secured an Emirati contract for construction of a complex of offshore installations at the Umm Lulu field.
A human rights coalition said Tuesday the sentencing of activists in the United Arab Emirates failed to meet international standards.
Austrian energy company OMV said Tuesday its second-quarter results were weak but expressed optimism about its operations.
The drive for renewable energy in the oil-rich Middle East has suffered a major setback with the apparent collapse of a project to build a vast solar power grid in the Moroccan Sahara.
Natural gas is expected to play a major role in meeting the energy demands from Middle East and North African consumers, the Abu Dhabi National Oil Co. said.
The United Arab Emirates has bought two surveillance satellites from France that will give the region's Arab monarchies the capability of spying on Iran.
Officials in the United Arab Emirates pardoned 1,598 prisoners as part of observing the Muslim Ramadan holiday.
