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A company owned by the government of Abu Dhabi has pumped an additional $1.41 billion into Aabar Investment PJSC, giving the emirate majority control in the investment firm set to become Daimler AG's biggest shareholder.
Daimler AG's shares rose Monday as investors cheered the announcement that Aabar Investments PJSC bought a 9.1 percent stake in the automaker, making it the biggest shareholder.
Police have arrested an American accused of being behind a hoax phone call that prompted the brief closure of the U.S. consulate in Dubai over security concerns, a newspaper reported Friday.
The head of a green-energy project in Abu Dhabi says the oil-rich emirate plans to generate 7 percent of its energy needs from renewable sources by 2020.
The New York Philharmonic will perform for the first time in Hanoi and Abu Dhabi next season and is getting Alec Baldwin to host its weekly national radio broadcasts.
Chip maker Advanced Micro Devices Inc. said Monday it will end up owning less of its factories than previously negotiated after they're spun off into a venture with the investment arm of the Persian Gulf state of Abu Dhabi.
American International Group Inc. on Monday said it has agreed to sell its wealth management arm AIG Private Bank Ltd. to Aabar Investments PJSC of Abu Dhabi.
Abu Dhabi launched a new home loan provider Wednesday in the latest effort by the United Arab Emirates to protect its property boom from the global credit crisis.
Fresh off presiding over a global financial summit, President George W. Bush on Sunday conferred privately about the world's economic downturn with the leader of a wealthy Persian Gulf emirate.
Iraq's prime minister welcomed the crown prince of Abu Dhabi to Baghdad on Tuesday, the latest high-level visit by regional Arab dignitaries.
For years, Advanced Micro Devices Inc.'s scrappy image was best summed up by an insult that founder Jerry Sanders lobbed against rivals: "Real men have fabs."
New York University has appointed the president of Swarthmore College to run its Abu Dhabi campus in the United Arab Emirates.
At first, the differences between the United Arab Emirates two leading cities were merely cultural. Abu Dhabi built world-class museums as fast as Dubai put up extravagant shopping malls — one with a ski slope inside.
General Electric Co. has agreed to a joint venture with an Abu Dhabi government investment company that will pump $4 billion of outside capital into its weakened commercial finance business, part of new global partnership to expand on GE's fast-growing sales in the Middle East.
An Abu Dhabi investment fund has bought a 75 percent stake in the Chrysler Building, one of the best-known landmarks on the city skyline.
In a May 27 story on a Picasso retrospective opening in Abu Dhabi, The Associated Press erroneously reported the name of the organizer. It was the Picasso Museum in Paris, not the Reina Sofia art museum. The story also erroneously reported that local sponsors contributed some works. The Picasso Museum contributed all the works that appeared in the show.
A unique Picasso retrospective has gone on display in Abu Dhabi, bringing some of the Spanish artist's favorite works to this Gulf city-state that aspires to become the region's cultural capital.
A friend of mine was in a wireless retail store recently, and wanted to buy a smartphone. In an unusual move, the sales rep tried to dissuade her, saying my pal didn’t need Internet and e-mail service. She disagreed, left, and returned later to buy the smartphone she had eyed.
Dubai's crown prince paid $2.7 million for a camel during a desert festival celebrating Bedouin traditions in the emirate of Abu Dhabi, state-run media said Tuesday.
Hollywood studio Metro-Goldwyn-Mayer Inc. reached an agreement with one of Abu Dhabi's largest real estate developers for an entertainment destination likely to cost billions of dollars, MGM said Wednesday.
The Bush administration said Thursday it had reached agreement with Abu Dhabi and Singapore that they will not use their huge government investment funds to further their political goals.
Related Cos., developer of the Time Warner Center in New York, received equity and debt investments of nearly $1.4 billion from the investment arm of the Abu Dhabi government and others, the privately held real estate company said Monday.
Citigroup said late Monday that the Abu Dhabi Investment Authority will invest $7.5 billion in the nation's largest bank, offering needed capital to offset big losses from mortgages and other investments.
With oil prices surging and U.S. stock prices slumping, chip maker Advanced Micro Devices Inc.'s sale of an 8.1 percent stake to the Abu Dhabi government's investment arm represents the latest plunge by a wealthy Middle Eastern nation into a troubled U.S. corporation.
A Zero-Emissions City in the DesertOutside Abu Dhabi City in the United Arab Emirates construction has already began on Masdar, a $15 billion dollar investment by the Abu Dhabi Government to create a zero-waste, zero-emission city. It is slated to be done 2016.
Dubai gets a bail-out! - UAE to Help Dubai Ease Debt Load DUBAI -- This city-state said the federal government of the United Arab Emirates would provide $10 billion in funding, allowing Dubai to service its heavy debt load as it copes with a tanking real-estate market and tepid appetite among international lenders to extend further cre …
A Gulf Over Debt Bailout Lies Between Two Divided Arab Emirates "Will oil-rich Abu Dhabi bail out neighbor Dubai, currently groaning under $70 billion of debt racked up by its government-owned companies? Don't count on it".
The Arab royal who's going off oil"Abu Dhabi announced at a summit of world leaders on renewable energy yesterday that it would become the first petro-driven economy to make a significant commitment to renewables – and it is partly thanks to Prince Charles.
Examination of Tape Raises Questions about Osama bin Laden's HealthThis indicates to me that something is amiss. Perhaps it is a result of all these years living wherever it is he's living – in a cave, in a series of tunnels, in a mud fort somewhere. Perhaps, his body just can't take the strain of all these years living in the rough.
Pakistan al-Qaeda Leaders 'Dead'A Pakistan government official, requesting anonymity, confirmed to the BBC earlier US statements that the two men were killed along with a militant from Pakistan's Punjab province in South Waziristan, on Pakistan's border with Afghanistan. 'Significant'
Iraq Bombings Raise Spectre of al-Qaeda | BBC NEWSFor Iraqis it was a depressing reminder not only of the recent past, but also of the reality that the stability they crave is still far away.
New head for US Central Command | BBC NEWSUS General David Petraeus is to take control of US military operations throughout the Middle East and much of Asia as head of US Central Command. More Articles
Five Suicide Blasts Rock Somalia, 25 Killed | AHN | October 30, 2008Five suicide bombing explosions hit government and foreign offices in Somalia's two autonomous regions Wednesday killing at least 25 people. More Articles
Syrian Riot Police Ring U.S. Embassy - NYTimes.comHundreds of Syrian riot police ringed the closed U.S. Embassy here Thursday as tens of thousands of people gathered about a mile away for a government-orchestrated protest to denounce a deadly U.S. raid near the Iraqi border. More Articles
Suicide Blast Rocks Ministry in Kabul - NYTimes.comThe Taliban, which is fighting the government of President Hamid Karzai and his American-led backers, have made repeated attacks in the capital on government buildings and convoys of foreign forces. More Articles
Bomb Attacks in India Kill Dozens - NYTimes.comA series of at least nine explosions tore through crowded markets in four towns in the troubled state of Assam in northeastern India on Thursday. More Articles
Gates Expands U.S. Right to Defend Against Plots - NYTimes.comDefense Secretary Robert M. Gates declared Tuesday that if terrorists tried to acquire or use biological, chemical or nuclear weapons, the United States would have the right to move against any nation or group that assisted them in any way. More Articles
Abu Dhabi buys 20% of London offshore wind farm"This is an excellent example of the partnership we need between oil-producing and oil-consuming countries to develop new energy sources and technologies, diversifying their economies and reducing our dependence on carbon," Brown said.
Media & internet - CNN to open new hub in Abu DhabiCNN has chosen Abu Dhabi as the site of a new broadcast facility to match its international hubs in London, Hong Kong and Mexico City, as the network seeks to cut its reliance on other news organisations.
3 Suicide Attacks In PakistanThree separate bombings across the country killed 11 people and wounded at least 14 on Thursday, including an attack at a police complex in the capital as lawmakers gathered for a secret security briefing. More Articles
We need slaves to build monumentsThe sun is setting and its dying rays cast triangles of light on to the bodies of the Indian workers. Two are washing themselves, scooping water from tubs in a small yard next to the labour camp's toilets. Others queue for their turn.
Pakistan Facing Bankruptcy - TelegraphOfficially, the central bank holds $8.14 billion (£4.65 billion) of foreign currency, but if forward liabilities are included, the real reserves may be only $3 billion - enough to buy about 30 days of imports like oil and food.
Sheikhs plan to add royal hotel to shopping spreeWhile the credit crunch causes chaos among London's bankers, it has presented a golden opportunity for the royal familes of the Middle East.
Big prizes offered to Films From Around the World nominated for the Middle East International Film Festival CompetitionMEIFF is offering $1Million in prize money to the winners of it's competition in October.
Abu Dhabi Makes Move On General ElectricAbu Dhabi's state investment fund just announced it will now be one of the largest investors in General Electric . The two companies are setting up an $8 billion (£4 billion)finance venture in the Middle East and Africa.
Sovereign wealth: Abu Dhabi fund gains General ElectricA stream of oil-rich sovereign funds have pumped money into US companies in recent months, taking advantage of valuations hammered by the credit crunch and economic slowdown.
Chrysler Building On The Block - New York Post The latest Big Apple trophy being coveted by oil-rich sovereign wealth funds is the landmark Chrysler Building.
ADAC showcases Airport Free Zone at Global Business Forum in Hannover Messe, Germany | ADAC (SCADIA)The business potential and clear growth opportunities offered by the planned Abu Dhabi Airport Free Zone were among key discussions between business executives and representatives from Abu Dhabi Airports Company on the first day of the Global Business Forum at Hannover Messe, Ger …
Abu Dhabi pours $2B in solar effortAbu Dhabi's clean technology venture--the Masdar Initiative--has announced a $2 billion investment in thin-film photovoltaic solar technology.
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