Yesterday it was reported by News agency AFP that at a Dubai court Arnold has got the life imprisonment. Hussain al-Jaziri was his lawyer; he held that this sentence is identical 25 years in the United Arab Emirates.

On Sunday there was a change in the decision of the Court of Appeals which was issued by the Court of First Instance on June 7. In the earlier judgment Arnold of 42, was found accountable of first degree killing and locked up for
15 years.

The globe's biggest tea cultivator McLeod Russel is preparing to start up a tea blending component at Dubai. The component will supply mainly to customers in CIS and Middle East regions.

The theme of the upcoming China Sourcing Fair will be portability and convergent devices. The electronics fair will be held from June 8 to 10 at the Dubai International Convention & Exhibition Center.

It is expected that the focus will be on mobile computing. The products are getting sleeker and increasing in features and getting more powerful. The mobile internet devices are expected to sell like hot cakes.

A mere days after committing 130 Million Pounds in order to set into motion the London Gateway container port scheme, Dubai's giant DP World is now aspiring to get its shares listed on the London Stock Exchange.

The global ports group, which is a unit of the struggling Dubai World Empire, has shared that the development would help in addressing its "continued disappointment" as far as its market valuation goes.

It was confirmed by Dubai World Group that its debt restructuring procedure of $26 billion would be relevant only to the Dubai World and the Nakheel and Limitless.

In a statement on the state-owned firm's debt obligations, it was explained that the process would not contain Infinity World Holding, Istithmar World and Ports & Free Zone World (which includes DP World, Economic Zones World, P&O Ferries and Jebel Ali Free Zone).

The group told that all of these were on a stable financial footing.

Recently the Singapore-based DBS Bank declared that its total exposure to Dubai is around $1.28 billion and out of this only $400 million is to the troubled Dubai World. However the bank considers that the situation is manageable.

A statement released Monday by the bank specified that a notable portion of the $1.28 billion exposure is to Dubai government-owned companies functioning in Asia that are sound, including Labroy and South Beach, which is collateralized.

As concerns about Dubai's unstable and troubled financial situations grow and grip the whole world, stocks in Australia fell almost 3%, pulling down market value by $38 Billion. The country's benchmark exchange S&P/ASX200 slipped 136.5 points, or 2.9%, to stand at a new low of 4571.1.

The broader index All Ordinaries fell 130.4 points, 0r 2.76%, to 4597.2.