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Saif bin Zayed receives four Ambassadors

Saif bin Zayed Dhabi, Nov.

Era of cheap oil is over says leading energy body

International Energy AgencyLondon - The era of "cheap oil" is definitely over and prices could again soar, to as much as 200 dollars per barrel, the International Energy Agency (IEA) warned Wednesday.

"One thing is certain. While market imbalances will feed volatility, the era of cheap oil is over," said IEA Executive Director Nobuo Tanaka in London Wednesday.

The IEA's World Energy Outlook 2008, presented in London, said the oil price could soon be back up to 100 dollars a barrel from the current level of around 50 dollars.

Berlin's economic advisors call for growth boost

Germany FlagBerlin - The German government's panel of economic advisers roundly criticized as inadequate Berlin's plans for spurring growth in Europe's biggest economy, in a report released Wednesday.

In their report presented to Chancellor Angela Merkel, the so-called "five wise men" said that after emerging from a protracted economic downturn three years ago, the German economy will slump into recession in 2009.

This is likely to come amid rising unemployment and a contraction in exports with the advisers calling on the government to press on with much-needed reforms.

Ruler of Sharjah orders construction of Sharjah Book Fair at new site

Sharjah International Book FairSharjah, Nov. 12th, 2008 --Team tasked by the Department of Culture and Information and the organising committee of the Sharjah International Book Fair, have inspected the new exhibitions centre at Al Mouelah district in Sharjah ahead of construction of the Sharjah International Book Fair as per the-state-of-art architecture.

The allocation of the new site was ordered by HH Dr Sheikh Sultan bin Mohammed Al Qasimi, UAE Supreme Council member and ruler of Sharjah.

Arab League hails Sheikha Fatima's efforts in the woman's cause

Arab League hails Sheikha Fatima's efforts in the woman's causeDhabi, Nov 12th, 2008 : The second conference of the Arab Women Organization is a spontaneous translation of HH Sheikha Fatima's genuine concern for the human security in general and the human rights of women in particular, a senior official of the Arab League said.

City's hefty offer may seriously interest Mourinho

Italy FlagMilan- The rumours that Manchester City have made a massive, and possibly convincing, offer to Jose Mourinho comes at a time when the Portuguese coach seems to have had enough of Italian football after just four months at Inter Milan.

The English tabloid The Sun this week wrote that the wealthy Arab owners of the English club have had contacts with the coach "and have received a positive response" about his possible takeover from Mark Hughes at the end of the season.

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