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Latest Headlines:Here is latest headlines as scroll textThursday, May 17, 2012

Biggest Mideast defence fair opens amid tensions

An Arab man walks past an M777 A2 lightweight 155mm Howitzer at IDEX in Abu Dhabi in 2009

ABU DHABI (AFP) - The largest defence equipment exhibition in the Middle East opened in the United Arab Emirates capital Abu Dhabi on Sunday, as military spending continues to grow in the region amid rising tensions.
The International Defence Exhibition and Conference (IDEX) 2011 opened with a parade of helicopters, fighter jets and armoured vehicles, in the presence of UAE Prime Minister [...]

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Oil-rich Abu Dhabi champions ecological cause

Visitors look at the project model of Masdar City in Abu Dhabi in 2008

ABU DHABI (AFP) - It floats on a sea of oil in a country that has the largest ecological footprint, yet Abu Dhabi aims to convince the world of its environmental credentials through its futuristic Masdar initiative.
On the ground, there are few signs of the will to combat climate change in Abu Dhabi, where even simple solar heaters are seldom spotted on the rooftops of the parched emirate [...]

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Abu Dhabi free zone open for 100 percent foreign ownership

Company (ADCP) listens to ADCP chairman Sultan Jaber

ABU DHABI (AFP) - Abu Dhabi launched the region's largest industrial free zone, where foreign companies will be able to set up wholly owned operations, organisers announced on Saturday.
"The Abu Dhabi government has granted status for (Khalifa Industrial Zone Abu Dhabi) Kizad whereby you can have 100 percent foreign ownership ... That is a first for Abu Dhabi," Abu Dhabi Port Co (ADCP) chief ex [...]

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Ferrari theme park opening delayed in Abu Dhabi

The park had been due to be inaugurated on October 27

ABU DHABI (AFP) - The opening of Ferrari World Abu Dhabi, the world's largest indoor theme park, has been delayed due to the death of a ruler in another part of the United Arab Emirates, organisers said on Thursday.
The postponement until November 4 came after the ruler of the tiny but strategic emirate of Ras al-Khaimah, Sheikh Saqr bin Mohammed al-Qassimi, died on Wednesday at the age of 92.
[...]

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Abu Dhabi’s giant wealth fund hires GM’s chief economist

The General Motors Company World Headquarters in Detroit, Michigan

ABU DHABI (AFP) - Abu Dhabi Investment Authority (ADIA), the world's largest sovereign wealth fund, has hired General Motors' Ted Chu as its chief economist, the investing firm said on Monday.
Chu "will be responsible for producing in-depth international and regional economic analyses and making recommendations based on this research," a statement said.
Chu has served in General Motors in Detr [...]

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Abu Dhabi to hike oil output capacity 29.6%: report

A general view for an Oil refinery at Sajaa area in Abu Dhabi

ABU DHABI (AFP) - Oil-rich Abu Dhabi is planning to raise its oil production capacity by 29.6 percent to 3.5 million barrels per day by 2018 from 2.7 million bpd today, according to a report published on Thursday.
"Abu Dhabi has set ambitious targets to increase total production capacity from the current 2.7 million barrels of oil per day to 3.5 million bpd by 2018," said The Oil and Gas Year, [...]

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Abu Dhabi lures tourists with Ferrari theme park

Monaco's Prince Albert II (C) takes a tour of Abu Dhabi's Ferrari World theme park

ABU DHABI (AFP) - A year after its first Formula One race, Abu Dhabi hopes to lure even more tourists with "Ferrari World" -- a grandiose theme park that is the first of its kind for the iconic Italian carmaker.
Ferrari World Abu Dhabi announced on Monday that the park will open in 100 days featuring a record-breaking roller coaster ride meant to emulate the feeling of being in a Ferrari [...]

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Abu Dhabi lures tourists with Ferrari theme park

© AFP/File -

ABU DHABI (AFP) - A year after its first Formula One race, Abu Dhabi hopes to lure even more tourists with "Ferrari World" -- a grandiose theme park that is the first of its kind for the iconic Italian carmaker.
Ferrari World Abu Dhabi announced on Monday that the park will open in 100 days featuring a record-breaking roller coaster ride meant to emulate the feeling of being in a Ferrari [...]

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Abu Dhabi to build ‘world’s largest’ solar plant

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ABU DHABI (AFP) - French oil firm Total and Spain's Abengoa Solar will partner with Abu Dhabi's alternative energy company Masdar to build "the world's largest" concentrated solar power plant, Masdar announced on Wednesday.
The state-owned firm said it has selected a "consortium of Total and Abengoa Solar as a partner to own, build and operate Shams 1, the world's largest concentrated sol [...]

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Abu Dhabi ‘leaning tower’ beats Pisa: press

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ABU DHABI (AFP) - An Abu Dhabi tower has been recognised as the "furthest-leaning man-made tower" in the world by Guinness World Records, local newspapers reported on Sunday.
The 160-metre Capital Gate tower, developed by the Abu Dhabi National Exhibition Company, leans at 18 degrees -- over four times the angle of Italy's famous Leaning Tower of Pisa, Khaleej Times reported.
ADNEC said the to [...]

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