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Some argue the taxes from the drug would be a windfall for states.

The dinner with the nation's governors highlighted organic foods.

Saudi Arabia: During Saturday's trading session the TASI-Index dipped more than four percent but eventually closed down 3.47% at 4,384 points, despite higher oil prices. The Saudi market was influenced by falling markets in the US, where the Dow Jones Industrial fell to a 12-year low on Friday, despite recent gains in the GCC. "The global capital market is not really functioning at the moment", the newly appointed CEO of Swiss universal bank UBS Oswald Gruebel says in a comment in the monthly magazine "Bilanz". [AMEInfo.com]

United Arab Emirates: Real Estate Regulatory Agency (Rera) has announced an online scheme which will provide property buyers full information on the construction updates of their homes, whether it is on schedule, delayed or has been cancelled, The National has reported. The online report will be published with photographic evidence of building work and details of the stage reached and pending works. [AMEInfo.com]

How the trillion has become the new billion in America

Nisha Taylor was just about to put her beloved T-Mobile Sidekick in her bag. She thought the cell phone would be safer there than in her pocket. In the few seconds it took for the 18-year-old to unwind the string loop that held the Sidekick to her wrist, someone else eyed the device and made off with it. "He just runs and he hits the phone," Taylor said. "The string pops. The phone goes up in the air. He catches it and he runs." Although the Sidekicks aren't among the country's best-selling phones, they might be the most stolen ones.

Citigroup's latest deal to convert preferred shares into common stock would not affect Abu Dhabi’s $7.5bn investment in the bank, The National has reported. Citi would continue making interest payments to the emirate. Citigroup's latest deal will make the US government owner of as much as 36% of Citigroup, while existing shareholders will see their ownership of the bank diluted. Abu Dhabi Investment Authority (Adia) in 2007 has joined a group of investors to aid Citigroup by buying a $7.5bn debt instrument.

United Arab Emirates: As part of its commitment to inculcate the Gems core values of World Citizenship, Universal Values, Leadership Qualities and Forward Thinking, Gems American Academy (GAA) – Abu Dhabi hosted a Black-Tie Fundraiser event at the Beach Rotana Hotel & Towers. [AMEInfo.com]

United Arab Emirates: Landmark Advisory today launched its new Abu Dhabi Real Estate Report, which examines the price correction now unfolding in the freehold/leasehold market. [AMEInfo.com]

United Arab Emirates: His Excellency Dr. Anwar Gargash, Minister of State for Foreign Affairs and Chairman of the UAE National Committee to Combat Trafficking, said that the UAE is leading the region in its efforts to combat human trafficking. [AMEInfo.com]