United Arab Emirates

Iran?s nuclear deal with world powers will have a significant effect on world trade for sure. Many countries have already started to develop commercial and economic plans about the country with the population of 75 million, around 60 percent of whom are under the age of 30. 

A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy.

The agreement has made some seek a foothold in Tehran's $100 billion stock market even before sanctions are lifted, although others are taking a more cautious approach.

A customs ministry report has showed that several companies of Reza Zarrab, an Iranian-Turkish businessman who was embroiled in Turkey?s huge graft probe that went public in December 2013, made both money and gold transfers to Babek Zencani, another Iranian businessman currently imprisoned in Iran on accusations of corruption. 

The United Arab Emirates carried out a rare execution on July 13, putting to death by firing squad an Emirati woman convicted of the jihadist-inspired murder of a US school teacher, media reported.

The Bulgarian men's national football team dropped six positions in the latest FIFA/Coca-Cola World Ranking, which was released on Thursday.

At present, Bulgaria occupies the 68th place with 489 points, being behind the team of Norway and ahead of the United Arab Emirates.

A government-linked Saudi news website reported on July 2 that King Salman ordered an investigation and trial of a pro-Muslim Brotherhood scholar and a television host after an episode that was critical of his predecessor King Abdullah's policies toward the outlawed Islamist group.

European aerospace giant Airbus won a $1.33 billion deal on June 30 to supply air refuelling tankers to South Korea, beating US rival Boeing, Seoul's military procurement agency said.

Shelling by Yemen's Houthi militia killed four soldiers from Saudi Arabia and the United Arab Emirates stationed on Yemen's border with the kingdom, Saudi state media reported on June 25.

The Houthis have stepped up attacks on Saudi border posts in recent weeks, despite three months of bombardment by a Saudi-led coalition intent on restoring Yemen's government in exile. 

At least three people were killed when a car bomb targeting military trainers from the United Arab Emirates hit their convoy in the Somali capital but the officials were unharmed, police said on June 24.

The Islamist militant group al Shabaab claimed responsibility for the attack and said it carried out the attack and "inflicted casualties" without giving details. 

Mastic, or masticha (Pistacia lentiscus), the “gold of Chios”, the eastern Aegean island, has found a new home in high-flying Dubai.

Local entrepreneur Mansoor Al Bastaki is the owner of a Mastihashop outlet and cafe in the UAE emirate, which since February offers a range of skincare products and confectionery featuring the iconic ingredient.