UAE. Enormous oil revenues and a far-sighted government have powered Abu Dhabi's economy for 40 years. But as the UAE heads into its fifth decade, it is time for private enterprise to lead the way. But is private industry ready to take up the offer?
INTERNATIONAL. Economic crime in financial services outpaces other industries; Increased spending on compliance fails to reduce economic crime; 10% of economic crime reported by UK respondents was perpetrated internally.
INTERNATIONAL. Iran received its first delivery of Russian-made S-300 air defense systems in May; Satellite imagery shows intensive construction underway at an air base near Tehran to accommodate the systems.