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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Abu Dhabi

Abu Dhabi stories: 28 news summaries

1 - 20 of 28 Stories | 1 2 Next >>

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MARKET Open

 Stocks Flat After Big Rally 


Jun 2, 09 8:52 AM CDT
(Newser) - Stocks were essentially flat at today's open on the heels of yesterday’s huge rally. The Dow inched down 15 points, while the Nasdaq and S&P fell 0.5% and 0.3%, respectively. Commodity prices were backing off, though oil still hovered around $68 a barrel. Financials were mixed,... More »

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oil • stock market • Barclays • Dow Jones • Abu Dhabi • Nasdaq • S&P 500

 'Torture Sheik' Detained 


May 10, 09 6:16 AM CDT
(Newser) - An Abu Dhabi prince captured on videotape torturing a grain merchant has been detained by authorities, CNN reports. Sheik Issa bin Zayed al-Nahyan is under house arrest pending an investigation, officials of the United Arab Emirates have told the US State Department. The videotape shows the prince beating, burning and... More »

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torture • State Department • house arrest • Abu Dhabi • United Arab Emirates • Arab • detention • UAE • Sheikh Issa bin Zayed al-Nahyan

(Newser) - Video of a member of the UAE’s royal family brutally torturing an Afghan salesman threatens to sink a nuclear trade deal between the UAE and the US, the Times of London reports. Sheikh Issa bin Zayed al-Nahyan, a brother of the UAE president, is shown beating the trader... More »

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torture • nuclear power • Abu Dhabi • United Arab Emirates • videotape • videotaped beating • UAE • Obama administration • trade deal

US Puts UAE on Fast Track
to Nuclear Power

Abu Dhabi could have electricity program by 2017

Apr 2, 09 6:43 AM CDT
(Newser) - An Arab state may be on the fast track to developing nuclear power—with the help of the US, the Wall Street Journal reports. American experts have been jetting to Abu Dhabi in recent few months to support the UAE’s nuclear aspirations, which could be speedily realized by 2017... More »

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Congress • nuclear power • nuclear weapons • Abu Dhabi • United Arab Emirates • treaty • nuclear facilities • George W. Bush • President Obama • nuclear energy

 Oil-Rich Abu Dhabi 
 Plans Nuke Plants 

Emirates expected to sign nuclear co-operation deal with US today

Jan 15, 09 7:48 AM CST
(Newser) - Abu Dhabi is planning a shift away from fossil fuels despite being one of the world's major oil producers, BusinessWeek reports. The UAE territory, faced with surging demand for electricity and dwindling natural gas reserves, aims to build nuclear plants to supply a quarter of its power. A cooperation deal... More »

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nuclear power • Abu Dhabi • United Arab Emirates • oil production • nuclear power plant • UAE • nuclear energy

Gulf Oil Powers Pump Green Into Clean Technology

States invest billions to keep atop energy-economy heap

Jan 13, 09 8:44 AM CST
(Newser) - Though the per-capita carbon footprint of the United Arab Emirates dwarfs that of most anywhere else, it and fellow Persian Gulf oil giants like Qatar and Saudi Arabia are becoming the unlikely cradle of green technology, the New York Times reports. Wary of the world’s dependence on crude and... More »

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Saudi Arabia • Persian Gulf • Qatar • Abu Dhabi • United Arab Emirates • energy dependence • carbon emissions • energy independence • oil consumption

Abu Dhabi Invests Another Billion in Hollywood

New subsidiary will work with 3 US producers

Sep 3, 08 6:50 AM CDT
(Newser) - A media branch of Abu Dhabi’s government funneled $1 billion into a partnership with Warner Brothers last year—and now a subsidiary of the same firm is investing a second billion over the next 5 years with three US film producers, the New York Times reports. “Abu Dhabi... More »

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Hollywood • film • partnership • Abu Dhabi • investment • Warner Brothers • producers

 Ambitious Director
 Revives the Louvre

Henri Loyrette has global ambitions that grate traditionalists

Jul 29, 08 10:04 AM CDT
(Newser) - France's publicly funded museums once eschewed the big-money efforts that are common in American art institutions. Not anymore. BusinessWeek profiles Henri Loyrette, the ambitious director of the Louvre in Paris, who has coaxed major corporations to pony up cash, rented out its galleries for the filming of The Da Vinci ... More »

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art museum • France • art • museum • Paris • Abu Dhabi • The Louvre • Henri Loyrette

ANALYSIS

Weak Dollar Scaring Off Foreign Funds

US policy has big China, Gulf spenders looking to divest

Jul 17, 08 4:18 PM CDT
(Newser) - With the dollar declining and US economic outlook uncertain, some large sovereign wealth funds are looking to cut down on greenbacks, the Financial Times reports. One such Persian Gulf fund has cut its dollar-denominated investments from 80% to 60%, and China’s State Administration of Foreign Exchange is aggressively exploring... More »

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China • inflation • Abu Dhabi • investment • weak dollar • Abu Dhabi Investment Authority • sovereign wealth funds • divestment • State Administration of Foreign Exchange

Petrodollars Snap Up Americana

Foreigners 'recycle' bucks with trophy buys
like Chrysler Building

Jul 10, 08 4:33 AM CDT
(Newser) - Foreign investors flush with dollars from the global commodities boom are using those greenbacks to buy flashy American properties, the New York Times reports. The government of Abu Dhabi bought a 75% stake in the Chrysler building Tuesday. Other recent "trophy" buys have included Donald Trump's Palm Beach mansion... More »

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foreign investment • Abu Dhabi • USA • petrodollar • Chrysler Building • Abu Dhabi Investment Authority • sovereign wealth funds

 Abu Dhabi
 to Buy
 Chrysler
 Building 

Sovereign wealth fund offers $800M for
NYC landmark

Jun 11, 08 10:02 AM CDT
(Newser) - The Chrysler Building—a jewel of the New York City skyline since 1930—is poised to be sold to the Abu Dhabi Investment Council, reports the New York Post. The nation's oil-rich sovereign wealth fund is offering $800M for a 75% stake in the skyscraper. More »

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New York real estate • New York City • Abu Dhabi • skyscraper • Chrysler Building • Abu Dhabi Investment Council • skyline

 Dubai Sheik Pays
 $2.7M for Camel 

May have been a record; then Abu Dhabi sheik shelled out $7M for pair

Apr 9, 08 12:28 PM CDT
(Newser) - A Dubai prince broke the bank yesterday at an Abu Dhabi event billed as the world's top camel festival, spending $2.7 million on a prize-winning female. That was a record—until an Abu Dhabi sheik outdid him, shelling out $7 million for a pair of racing camels, RIA Novosti... More »

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Dubai • Abu Dhabi • United Arab Emirates • camel • Hamdan bin Mohammed bin Rashid al-Maktoum • Mazayin Dhafra Camel Festival

Dubai Is the New Mecca
for Theme Parks

Abu Dhabi, Shanghai also among locations planning impressive amusements

Apr 3, 08 3:56 PM CDT
(Newser) - The big US amusement companies—Six Flags, Universal, SeaWorld, Warner Bros., MGM—have all seen the future, and it's in Dubai. That's where the world's largest playland—a sprawling $64-billion collection of theme parks, golf courses, museums and hotels—is going up, but it's only the most dramatic of projects... More »

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South Korea • Universal Studios • Dubai • amusement parks • Singapore • Abu Dhabi • DreamWorks • theme park • Shanghai • Six Flags • Dubailand

 Jean Nouvel Wins Pritzker Prize 

Pritzker jury praises Guthrie designer Jean Nouvel's 'inquisitive mind'

Mar 31, 08 2:45 AM CDT
(Newser) - The French designer of the Arab World Institute in Paris and Minneapolis’ Guthrie Theater has won architecture's top award, the Pritzker Prize, reports the New York Times. Jean Nouvel’s projects "greatly expanded the vocabulary of contemporary architecture,” the Pritzker jury noted. “His inquisitive and agile mind... More »

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architecture • Abu Dhabi • The Louvre • honor • Jean Nouvel • Pritzker Prize • Guthrie Theater • Arab World Institute

 Sovereign Funds 
 Agree on Conduct 

Treasury's Paulson works deal on keeping investment from crossing political bounds

Mar 20, 08 5:35 PM CDT
(Newser) - Investment funds bankrolled by the governments of Abu Dhabi and Singapore agreed today with US Treasury Secretary Henry Paulson on guidelines aimed at allaying fears of political interference by the sovereign wealth funds, the Wall Street Journal reports. Decisions should be “based solely on commercial grounds," a statement... More »

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International Monetary Fund • Henry Paulson • Singapore • Abu Dhabi • sovereign wealth funds

Spending Spree Puts Abu Dhabi Under Spotlight

After US grabs, officials focus on secretive sovereign wealth fund

Feb 28, 08 3:23 PM CST
(Newser) - When Abu Dhabi's investment arm poured $7.5 billion into Citigroup, to bail out America's biggest bank, the move didn't escape notice in Washington. The world’s biggest sovereign wealth fund has been flexing its muscle, making increasingly aggressive investments  in foreign interests, the New York Times reports. And though... More »

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Citigroup • hedge fund • Abu Dhabi • United Arab Emirates • Toll Brothers • Evan Bayh • Abu Dhabi Investment Authority • sovereign wealth funds

Arabs Building First Green City

Run on solar power, Masdar City will cost $22 billion and take 8 years to construct

Feb 10, 08 5:14 PM CST
(Newser) - Earth's first carbon-free city is being built in the United Arab Emirates and will take 8 years and $22 billion to complete, the BBC reports. Called Masdar City, it will run on solar power and shuttle residents on travel pods via magnetic tracks. But critics say the $22 billion project,... More »

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biotechnology • Abu Dhabi • United Arab Emirates • clean energy • green • Masdar City • sustainability

To Save Energy, Prince Charles Beams to UAE

Hologram speaks up for environment at international summit

Jan 22, 08 11:39 AM CST
(Newser) - Prince Charles popped over to Abu Dhabi yesterday to underscore the importance of finding a solution to global warming, then went out like a light. And he used as much energy as a light bulb—instead of spewing 20 tons of carbon waste into the air by taking a jet,... More »

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Al Gore • Prince Charles • Abu Dhabi • British royals • hologram • World Future Energy Conference

For Hurting US Companies, World Supplies Band-Aid

In economic sea change, 'we need the money,' one US Rep. says

Jan 16, 08 12:02 PM CST
(Newser) - The subprime collapse has US financial institutions in uncharted waters—asking for help from foreign investors and governments, the Wall Street Journal reports. Citigroup, Merrill Lynch, and Morgan Stanley all have recently sought bailouts, a dramatic switch from a tradition that saw US banks coming to the “rescue of... More »

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China • Saudi Arabia • Japan • Citigroup • subprime mortgages • Morgan Stanley • Merrill Lynch • Singapore • Abu Dhabi • Kuwait • sovereign wealth funds

UBS Writes Down $10B; Sells $11.5B Stake

Subprime exposure will cost bank Q4 profit, result in loss for the year

Dec 10, 07 7:32 AM CST
(Newser) - Investors from Singapore and the Mideast will breathe $11.5 billion in new capital into UBS as the Swiss banking giant announces that it will write down an additional $10 billion in subprime holdings, Bloomberg reports. The bank said the subprime losses, the biggest  by a European bank, will wipe... More »

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subprime mortgages • UBS • Singapore • Abu Dhabi

1 - 20 of 28 Stories | 1 2 Next >>


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