INTERNATIONAL. This is not how the West, nor many Egyptians, thought the Arab Spring would turn out in Egypt. Their mistake was overestimating the significance of the democratic secularists, how representative the anti-Mubarak demonstrators were of Egypt as a whole, and the degree to which those demonstrators were committed to Western-style democracy.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
UAE. UAE textile industry is undergoing major reorientation toward non-clothing applications; UAE export share ahead of Germany, France, Italy, Spain, Netherland and China; World textile and apparel trade expected to reach US$805 billion by 2015.