Dubai’s ruler finally broke his silence over the emirate’s financial troubles today as regional stock markets tumbled again.

Debt-swamped Dubai today asked for a six-month reprieve on paying its bills, causing a drop on world markets.

LEBANESE troops bombed Islamic militants holed up in a Palestinian refugee camp yesterday, as mediators met senior military officials to discuss a possible ceasefire deal that would disarm the al-Qaida-inspired fighters.

Kuwait’s parliament today voted to severe diplomatic ties with Denmark over the controversial Prophet Mohammed’s cartoons and to spend about €37m to defend the prophet’s image in the West.

TRY imagining stripping famous people of their wealth and think how they might fare, it can be quite amusing.