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The United Arab Emirates will suspend use of Blackberry services in October, citing concerns about security risks, the state news agency said on Sunday.
A Korean-led consortium won a landmark contract, valued at around $20.4 billion, to build four nuclear reactors in the U.A.E., in what officials in this Persian Gulf country have said is the region's largest-ever energy deal.
Wall Street shares were slightly lower as investors tried to assess the fallout from Dubai’s debt crisis as well as retail sales from the kickoff of the Christmas shopping season.
The United Arab Emirates central bank said it stood behind domestic and foreign banks operating in Dubai after a recent announcement about Dubai World’s debt.