UAE. The United Arab Emirates' public finances swung into a surplus of 2.9% of economic output in 2011 after two years of deficits as robust oil income offset an increase in government spending, a report by the International Monetary Fund showed.
INTERNATIONAL. The rare show of friction among the six members of the Gulf Cooperation Council threatens to undermine efforts to integrate their US$1.6 trillion economies, which supply about a fifth of the world's oil.
INTERNATIONAL. A catastrophic disaster can - and will - happen again if the lessons of Macondo and other similar incidents are not learned and shared routinely; Change required to prevent future disasters, industry warned.