IDEX weapons exhibit in Abu Dhabi as the Middle East erupts

Amid a bloodbath in Libya and the Arab world in turmoil amid much Western hand wringing about selling weapons to dictatorial Arab regimes, the world’s arms dealers are touting their wares at the Middle East’s biggest defense exhibition in Abu Dhabi. The 10th International Defense Exhibition — IDEX 2011 — opened in the Persian Gulf […]

Sex and the City rejected by Abu Dhabi

Carrie Bradshaw and her friends are packing their suitcases, putting on their high heels and heading to Abu Dhabi, where luxury hotels and pristine beaches serve as a glamorous backdrop for their next adventure. But the “Sex and the City” sequel was actually filmed thousands of miles away in Morocco, because the film’s premise is […]

UAE pledged $650 million to help Yemen

The UAE Government yesterday pledged Dh2.4 billion (US$650 million) to help Yemen reverse the instability that blights the country. The grant is one of the largest ever made by the Abu Dhabi Fund for Development (ADFD). The money will be spent on development projects in Yemen covering infrastructure, energy, water, transport and education. The fund […]

Stocks in Dubai and Abu Dhabi fell sharply for a second day

Stocks in Dubai and Abu Dhabi fell sharply for a second day. The Dubai Financial Market’s main index closed down 5.6% Tuesday, after falling 7.3% the previous day. Abu Dhabi shares closed 3.6% lower. Shares in Qatar and Kuwait were also hit, with benchmark measures down 8.3% and 2.7% respectively. Abu Dhabi’s ruler and President […]