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Abu Dhabi further delays Louvre, Guggenheim projects
Jan 25, 2012 07:12 EST
ABU DHABI (Reuters) - Abu Dhabi is once again pushing back the opening of local branches of the Louvre and Guggenheim art museums, after a fresh review of the projects, the government's tourism arm said on Wednesday.
Abu Dhabi resumes Louvre, Guggenheim projects
Jan 24, 2012 10:59 EST
ABU DHABI (Reuters) - Abu Dhabi has approved a raft of projects including the delayed branches of the Louvre and Guggenheim museums after a review of development plans, signaling the oil-exporting Gulf emirate's support to state-linked enterprises.
Paymasters wary as IMF starts new funds quest
Jan 18, 2012 07:54 EST
PARIS (Reuters) - Two years after it requested $500 billion to fight off a global slump, the International Monetary Fund's call for a further $600 billion to limit the fallout from Europe's debt crisis prompted supportive words from Brussels on Thursday but no stampede in the rest of the world to commit the cash.
UAE supports peg, Oman says no alternative to U.S. debt
Aug 07, 2011 05:44 EDT
ABU DHABI/DUBAI (Reuters) - The United Arab Emirates will keep its currency peg to the U.S. dollar even after Standard & Poor's downgraded the world's biggest economy, and Oman sees no risk in investing in U.S. treasuries, officials said on Sunday.
UAE offers $3 billion aid package to Egypt
Jul 04, 2011 18:05 EDT
CAIRO (Reuters) - The United Arab Emirates (UAE) announced on Monday a $3 billion aid package to Egypt, the state news agency WAM said.
Egyptian PM says elections will be in late September
Jul 04, 2011 17:30 EDT
ABU DHABI (Reuters) - Egypt's prime minister signaled his country's parliamentary elections will be held in late September, during a visit to the United Arab Emirates Monday.
Gulf states plan to complete customs union by 2015
May 07, 2011 09:12 EDT
ABU DHABI (Reuters) - Gulf Arab countries plan to resolve all outstanding issues about their customs union over the next three years in order to have it fully operational by 2015, a top United Arab Emirates official said on Saturday.
Oil price "great concern" for economy: Energy Secretary Chu
Apr 07, 2011 10:41 EDT
ABU DHABI (Reuters) - Energy Secretary Steven Chu said on Thursday high oil prices posed a threat to the global economy.
Yemen toll rises as U.S. seen pressing Saleh to go
Apr 04, 2011 15:20 EDT
SANAA (Reuters) - Police and armed men in civilian clothes opened fire on anti-government demonstrators in the Yemeni cities of Taiz and Hudaida on Monday, witnesses said, as a drive to oust President Ali Abdullah Saleh gathered pace.
Germany to phase out nuclear power: deputy minister
Apr 04, 2011 09:55 EDT
ABU DHABI/BERLIN (Reuters) - A German deputy environment minister said the government would phase out all nuclear power in the country before 2020, taking a hard line stance that may not be reflective of the center-right coalition.
Raytheon wins $42.8 million Afghan pilot training deal
Feb 20, 2011 03:16 EST
ABU DHABI (Reuters) - U.S. defense major Raytheon <RTN.N> has won a $42.8 million contract to train Afghan air force pilots in the Middle East, its first such contract in the region, Raytheon's regional chief said on Sunday.
Nadal and Vonn win Laureus sports awards
Feb 07, 2011 12:12 EST
ABU DHABI (Reuters) - Spain enjoyed a double celebration on Monday when tennis champion Rafael Nadal and their World Cup winning soccer team walked away with the top prizes at the Laureus Sports Awards.
UAE, Blackberry may soon resolve spat: diplomats
Aug 17, 2010 11:14 EDT
ABU DHABI (Reuters) - Talks between the United Arab Emirates and Canada's Research In Motion (RIM) may soon resolve a spat over BlackBerry security, two UAE diplomats said on Tuesday.
UAE's Abu Dhabi Islamic Bank Q2 profit jumps
Jul 18, 2010 08:20 EDT
ABU DHABI (Reuters) - UAE lender Abu Dhabi Islamic Bank <ADIB.AD> reported a 56 percent increase in second quarter profit as it recorded lower credit provisions, beating analysts' forecasts.
UAE's Shah gas project 40-50 percent cheaper than expected
Jul 12, 2010 09:15 EDT
ABU DHABI (Reuters) - Contracts for the UAE's $10 billion Shah gas project were 40-50 percent cheaper than expected, the chief executive of the Abu Dhabi Gas Development Company (ADGDC) said on Monday, after economic crisis made firms cut prices.
BP CEO Hayward meets UAE's Mubadala
Jul 07, 2010 12:10 EDT
ABU DHABI (Reuters) - BP Chief Executive Tony Hayward met representatives of Abu Dhabi government investment body Mubadala Wednesday after discussions with the Abu Dhabi Investment Authority (ADIA).
New Abu Dhabi investment bank eyes women's wealth
Jun 07, 2010 05:16 EDT
ABU DHABI (Reuters) - A new investment bank in Abu Dhabi is targeting wealthy women in the oil-exporting emirate, which has one of the highest levels of income per capita in the world, saying women have different investment needs than men.
UAE banks likely to take Dubai World hit in Q2
Apr 25, 2010 09:37 EDT
DUBAI (Reuters) - UAE banks are likely to face the brunt of the Dubai World restructuring in the second quarter, after the central bank told lenders they are not required to book provisions until there is more clarity.
U.N. rights chief to visit Iran next year
Apr 24, 2010 11:58 EDT
ABU DHABI (Reuters) - The top U.N. human rights official, who has expressed concern about a crackdown on dissent in Iran after last year's disputed election, said Saturday she would pay a rare visit to the Islamic Republic next year.
ADCB sees response to Dubai World debt talks in weeks
Apr 12, 2010 13:48 EDT
ABU DHABI (Reuters) - Creditors of state-owned Dubai World <DBWLD.UL> will give their response to the indebted conglomerate's debt restructuring proposal within weeks, one of its main lenders said on Monday.
