Abu Dhabi

Stories 21 - 40 | << Prev   Next >>

Mideast Markets Dive on US Downgrade

S&P credit rating reverberates overseas, as well

(Newser) - Stocks tumbled across the Middle East today as most regional markets reopened following the historic downgrade of the United States' credit rating. The region's markets mostly operate Sunday to Thursday, meaning they were the first to react to Standard & Poor's decision late Friday to cut the US...

Sheikh Scrawls 2-Mile-Long Name In Sand

And it's so large, you can see it from space

(Newser) - When it comes to flaunting your wealth, nobody does it like Hamad bin Hamdan al-Ahyan. The so-called “Rainbow Sheikh” of the United Arab Emirates is known for outlandish purchases like the world’s largest truck (which has four bedrooms in its cabin) or his earth-shaped motor home (which is...

Clinton: 'We Have Extremists in My Country'

Hillary makes reference to Jared Lee Loughner on UAE talk show

(Newser) - No euphemisms for Hillary Clinton. While speaking on a United Arab Emirates talk show today, the secretary of state compared the Tucson shooter to a ideologically driven terrorist, the Los Angeles Times reports. “Look, we have extremists in my country,” she said. “A wonderful, incredibly brave young...

$11M Christmas Tree Was a Bit Over the Top: Abu Dhabi

UAE hotel apologizes for 'attempts to overload tradition'

(Newser) - Your Christmas tree might be looking a little wan this year, but the party keeps going over in Abu Dhabi in the form of an $11 million Christmas tree. But even the posh hotel that put up the monstrosity now says it might have been a bit overkill: The Emirates...

Knife-Carrying Jonas Brother Stopped at Airport

Joe Jonas tries to board Abu Dhabi plane with slicing set in bag

(Newser) - Teen crush Joe Jonas might find himself getting pulled aside next time he tries to fly: the Jonas brother was stopped this week as he tried to bring a set of knives onto a flight from the Middle East to New York. He made it through one checkpoint before security...

Blackwater Founder Moves to Abu Dhabi

Erik Prince no doubt hoping to leave bad press behind

(Newser) - The rumors were true: Blackwater founder Erik Prince has up and moved to Abu Dhabi, according to court documents. Sources say the former Navy Seal hopes to provide security services to African and Middle Eastern governments—and escape the bad press and legal scrutiny he's faced here. “He needs...

Pisa No Longer World's Furthest Leaning Tower

Honor now goes to Abu Dhabi's Capital Gate Building

(Newser) - The Leaning Tower of Pisa is about to lose a little of its street cred—it's no longer the world's further leaning tower. The Guinness World Record now goes to Abu Dhabi's Capital Gate building, which leans 18 degrees—a slant nearly five times greater than Pisa's, reports the Huffington...

Woman Reports Gang Rape, Hit With Illegal Sex Charge

The 18-year-old Emirati's crime: sex out of wedlock

(Newser) - An Emirati woman who reported that six men raped her in the backseat of a car is facing charges right alongside her alleged assailants—for having sex out of wedlock. And because she was willingly in the car, which was driven by a friend, the charges also state that the...

NYC, Abu Dhabi Not Loving SATC 2
 NYC, Abu Dhabi 
 Not Loving SATC 2 
proposed ban, gets panned
May 17, 2010 8:23 AM CDT

NYC, Abu Dhabi Not Loving SATC 2

May be too racy for officials in Abu Dhabi

(Newser) - Sex and the City 2 isn't getting much love from the city it calls home—or from the one the girls travel to. Though Carrie et al vacation in Abu Dhabi in the film, fans there may have to go elsewhere see it: United Arab Emirates officials may ban its...

11 Wacky Vending Machines
 11 Wacky Vending Machines 
May 16, 2010 3:45 PM CDT

11 Wacky Vending Machines

Forget chocolate: You can get gold, pizza, and raw eggs

(Newser) - When you need to find a bar—gold, not chocolate—the Gold to Go vending machine at the Emirates Palace hotel in Abu Dhabi has you covered. It's one of a number of wacky vending options. Travel + Leisure lists 10 more weird things you can get from a machine:...

Gold Vending Machine Debuts in Abu Dhabi

For when you really need a block — fast

(Newser) - How rich: A vending machine that dispenses blocks of gold made its debut Wednesday at the Emirates Palace hotel in Abu Dhabi. "Gold to Go" carries special one-ounce bars (current cost: about $1,264) alongside one, five, and 10-gram options. The machine, itself encased in 24-karat gold, is meant...

Sheik Who Ran $650B Fund Found Dead

Power fight looms after Abu Dhabi royal dies in glider crash

(Newser) - The body of the Abu Dhabi royal who oversaw the world's biggest sovereign wealth fund has been pulled out of a Moroccan lake four days after his glider vanished. Sheik Ahmed bin Zayed al-Nahyan, head of the Abu Dhabi Investment Authority and younger brother of the emirate's ruler, was ranked...

Arabs Buck Ban on Child Camel Jockeys

10-year-old kids still used in dangerous sport

(Newser) - Children as young as 10 are still being used as jockeys in dangerous camel races in the United Arab Emirates, despite a law banning the practice. Observers from the group Anti-Slavery International photographed children racing at a recent event in Abu Dhabi attended by police officers and government officials, the...

Dow Up 30 on Dubai Rescue
 Dow Up 30 on Dubai Rescue 
MARKETS
Dec 14, 2009 3:10 PM CST

Dow Up 30 on Dubai Rescue

Exxon down 4.7% after XTO Energy acquisition

(Newser) - Stocks posted solid gains off the news that Abu Dhabi had given Dubai $10 billion to head off its credit woes, soothing worries of a sovereign default, the Wall Street Journal reports.
  • The Dow rose 29.55 points to close at 10,501.05.
  • The Nasdaq gained 21.79, closing
...

Abu Dhabi Sinks $10B Into Dubai

Regional markets up on news of funds to pay Nakheel's bond

(Newser) - Dubai markets soared today on news that the troubled sheikdom has received $10 billion in financing from neighbor Abu Dhabi. The funds come just in time for $4.1 billion to repay an Islamic bond of Dubai World's real estate arm, Nakheel, which matures today. The remaining money will be...

Will Cash-Rich Abu Dhabi Bail Out Profligate Dubai?

Weak UAE statement stokes fears of tension between emirates

(Newser) - The United Arab Emirates’ vaguely-worded statement of support yesterday for Dubai—which didn’t actually mention the city-state by name—isn’t reassuring investors, who fear rocky relations between emirates, the cash-strapped Dubai and oil-rich Abu Dhabi. The latter could easily wipe out Dubai World’s delinquent $59 billion debt,...

UAE Backs Dubai Banks
 UAE Backs Dubai Banks 
Nov 29, 2009 11:20 AM CST

UAE Backs Dubai Banks

Central bank steps in to reassure jittery markets

(Newser) - The UAE got behind domestic and foreign banks in troubled Dubai today, with its central bank setting up a "liquidity facility" on the eve before battered global markets were to re-open after a holiday break. The move was widely seen as countering the perception that Dubai might be the...

Abu Dhabi Won't Bail Out Dubai With Blank Check

UAE capital will 'pick and choose' its aid

(Newser) - Investors who hoped that oil-rich Abu Dhabi would write a blank check to cover the massive debts of Dubai—its flashier UAE sister city—got some bad news today. The capital city will instead "pick and choose" where to help. "We will look at Dubai's commitments and approach...

Stocks Flat After Big Rally
 Stocks Flat After Big Rally 
MARKET Open
Jun 2, 2009 8:52 AM CDT

Stocks Flat After Big Rally

(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,...

'Torture Sheik' Detained
 'Torture Sheik' Detained 
May 10, 2009 6:16 AM CDT

'Torture Sheik' Detained

(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...

Stories 21 - 40 | << Prev   Next >>
Most Read on Newser