The Abu Dhabi Investment Authority has accused US banking giant Citigroup of misrepresentation over a $7.5 billion (£4.6 billion) investment it made in the bank in 2007... more
Arab stock markets crashed as fears spread to Europe that Dubai’s financial crisis could infect its rich and powerful neighbour Abu Dhabi and could yet hammer lending to stricken Dubai World... more
The Stock Exchange in London breathed a sigh of relief as oil-rich Abu Dhabi stepped in to prevent neighbouring Arab emirate Dubai going to the wall... more
Residents in Dubai have grown accustomed to mega projects coming with mega delays. During the boom times, a year or even two behind schedule was normal. Invariably, developers blamed soaring demand for men and machines for the setbacks... more
A shopping mall in the desert city of Al Ain has banned male construction workers at evenings and weekends after wealthy customers complained about them staring at women. Labourers are allowed to enter Al Bawadi Mall during weekdays, but only through a side entrance ... more
Abu Dhabi is taking the green shoots of recovery a step further, winning the race to host the International Renewable Energy Agency (Irena). Abu Dhabi hopes it will add fuel to its Masdar project - a $15 billion (£9 billion) green city designed by Sir Norman Foster ... more
Only a day after the Abu Dhabi ruling family made £1.5 billion profit in just seven months from selling its stake in Barclays, it has emerged that a rival sovereign wealth fund has lost as much as £800 million through investing in the bank
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Challenger brands, I learned this week, are upstart companies snapping at the heels of established rivals. Virgin Atlantic taking on British Airways is the textbook example of a successful challenger (while Virgin Cola's lame assault on Coke and Pepsi is a popular case study for the opposite reason) ... more
Kevin Pietersen has spoken of standing "shoulder to shoulder" with India before starting a journey which is due to end with England playing cricket in a country which has been hit by a new terror warning... more
Barclays today won shareholder backing for its highly controversial £7 billion fundraising, for which most of the money comes from Qatar and Abu Dhabi... more
Analysis: The Abu Dhabi Royal Family has announced that it will spend at least $1 billion over the next five years co-funding Hollywood and other international movies
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The soaring price of oil is bad news for credit crunch London - but it means a boom time for the Middle East producers who are embarking on a massive property spending spree
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Afternoon:
8°c
