Latest in Tag: Abu Dhabi Highlight
Latest in Tag: Abu Dhabi
Middle East funds still bullish on equities – survey
Dubai’s market, rebounding from the bursting of a real estate bubble in 2008-2010, is up 80% so far this year, while Kuwait is up 33% and Saudi Arabia has gained 18%.
Two Egyptian movies awarded at the Abu Dhabi Film Festival
The closing ceremony took place last week, with two Egyptian films awarded
Mansour in Abu Dhabi to brief Emirati president on roadmap
The interim Egyptian president arrived in the oil-rich country as part of the president’s second international tour
Egypt left vulnerable after Qatari snub
By Farah Halime It was bound to happen sooner or later. Egypt has returned to Qatar the $2bn the Gulf state deposited in Egypt’s central bank after negotiations to convert the money into three-year bonds failed. Though this represents only a quarter of the total funds Qatar has lent or given to Egypt, the decision …
Making the most of Gulf aid to Egypt
By Farah Halime, Rebel Economy We may not like it, but Egypt desperately needs Gulf money. So why not change the way the Gulf lends money to Egypt to make it count. It won’t be just about wasting away cash to address a symptom without resolving the underlying problem. Indeed, without Gulf aid, the government would have …
Norwegian woman ‘nervous, tense’ as she risks UAE jail
Marte Dalelv, 24, said she remained hopeful that she would succeed in an appeal against the ruling by a Dubai court that convicted her this week of extramarital sex, perjury and consuming alcohol without a licence.
Rat race in the desert, should Egypt be running?
By: Rasheed Hammouda As the Gulf’s major players compete to be crowned the region’s finance king, Egypt may end up benefitting from being left out of the race entirely The race to be MENA’s top financial hub has been heating up over the past few years, a race that Cairo has been noticeably absent from. …
The Arabian Dream: Abu Dhabi’s Mercenaries
The Colombians had entered the United Arab Emirates posing as construction workers. In fact, they were soldiers for a secret American-led mercenary army being built by Erik Prince
Public prosecutor refers Shafiq to Interpol
The former presidential candidate is accused of profiteering, forging official documents, and seizing public funds
Abu Dhabi to exit Daimler: report
By Reuters FRANKFURT: Abu Dhabi is to exit its investment in German carmaker Daimler as the oil-rich state curbs overseas investment deals among its funds, a German magazine reported on Thursday. The Gulf state’s investment fund Aabar is currently discussing ways of disposing of its remaining stake after having cut its direct holding to 3 …
Lady Chichester and Danny Wyler on Royal Opera’s ‘Beloved Friend’
By Joseph Fahim The Royal Opera House’s highly touted production “Beloved Friend” was the highlight of the 8th Abu Dhabi Festival, which closed on April 7. Based on the letters exchanged between Russian music composer Pyotr Tchaikovsky and his muse/patroness Nadezhda von Meck for 13 years, this beautiful, intimate production was the very first Royal Opera …
Abu Dhabi sells stake in electric carmaker Tesla
By Dinesh Nair / Reuters DUBAI: Abu Dhabi National Energy (TAQA), a state-owned oil explorer and power supplier, has sold its 7 percent stake in Tesla Motors Inc, cashing out from the US electric carmaker’s steady stock rally. TAQA, which is 75-percent owned by the government of Abu Dhabi, said it made a profit of $113 …
German think tank says it’s forced out of UAE
By Geir Moulson / AP BERLIN: A pro-democracy think tank with links to German Chancellor Angela Merkel’s party said Thursday it is closing its office in Abu Dhabi after officials there ordered that it end its activities in the United Arab Emirates. The Konrad Adenauer Foundation’s chairman, Hans-Gert Poettering, said no “comprehensible reasons” were given for …