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UAE safety staff lacking, swimmer says

Tue, 10/26/2010 - 09:27 by Prince damin

Washington -- Too few medical and safety personnel at a United Arab Emirates race played a role in the death of U.S. swimmer Fran Crippen, a fellow competitor said Monday.

Christine Jennings, 23, a Longmont, Colo., swimmer who also competed in Saturday's 10-kilometer world cup open-water event, during which the former University of Virginia star died, told The Washington Post no one responded to her signals for help when she was overcome by blazing heat and warm surf.

Jennings said she vomited, became disoriented and veered off course, eventually turning over to swim on her back with her arm upraised in a distress signal. But no one came to her aid and she eventually struggled to shore, where she was taken to a hospital.

UAE intends to ban BlackBerry services

Fri, 08/06/2010 - 14:52 by Sophie Anderson

The United Arab Emirates as well as countries like Lebanon, India and Algeria are contemplating a ban on the use of Blackberry phones to send and receive messages.

Gold vending machine a hit in UAE

Sat, 05/15/2010 - 12:56 by Pankaj Damin

Abu Dhabi, United Arab Emirates -- The creator of a machine that dispenses gold in exchange for cash at a United Arab Emirates hotel said his invention was an instant hit.

Thomas Geissler of Germany, chief executive of Ex Oriente Lux and creator of the "Gold to Go" machine, said the first of the machines, installed at the Emirates Palace hotel in Abu Dhabi, offers 320 gold items, including bars and coins, in exchange for cash, the Daily Mail reported Friday.

He said the machine, which uses a computer system to adjust its prices in accordance with international markets every 10 minutes, was instantly popular at the hotel.

"On the first night we had a lot of demand," Geissler said. "One customer even bought one item of every product we have."

UAE bank steps up support for Dubai

Mon, 11/30/2009 - 20:27 by Inderjit Singh

Dubai -- The United Arab Emirates central bank pledged support for banks doing business in Dubai to cordon off damage from Dubai World's massive debt restructuring.

Dubai World said Wednesday it would need to restructure $59 billion in debt, causing a quick ripple of concern in equity markets around the globe. On Monday, after the central bank declared its intention to help, markets in Asia rose on average 2 percent, The New York Times reported.

The debt crisis sparked fears other governments would be over their heads when debt payments came due.

The national debt in Greece gained $10 billion in 2008 to $24 billion. In Bulgaria, Hungary, Latvia, Lithuania and Estonia, debt has surpassed 100 percent of the gross domestic product, the Times said.

Dubai gets support from U.A.E. Central Bank

Mon, 02/23/2009 - 11:31 by Jamie Anderson

Dubai, February 23: The once vibrant and pulsating Dubai, with colossal construction and expansion plans that epitomized boom time, is now feeling the heat of recession. The United Arab Emirates’ Central Bank agreed to support the emirate as Dubai is finding it difficult to repay its debt.