Abu Dhabi
| Use attributes for filter ! | |
| Area | 972 |
|---|---|
| Local time | Sunday 15:45 |
| Weather | 37°C, Wind N at 14 km/h, 30% Humidity |
| Population | 1. 206 million (2014) |
| Colleges and universities | New York University Abu Dhabi |
| Date of Reg. | |
| Date of Upd. | |
| ID | 764169 |
About Abu Dhabi
Abu Dhabi, the capital of the United Arab Emirates, sits off the mainland on an island in the Persian (Arabian) Gulf. Its focus on oil exports and commerce is reflected by the skyline's modern towers and shopping megacenters such as Abu Dhabi and Marina malls. Beneath white-marble domes, the vast Sheikh Zayed Grand Mosque features an immense Persian carpet, crystal chandeliers and capacity for 41,000 worshipers.
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... The UAE s presidency of the COP28 talks has attracted criticism because the country is one the top 10 oil and gas producers in the world and the summit s president Sultan al-Jaber also heads the giant Abu Dhabi National Oil Company (Adnoc)...
Sultan al-Jaber: A quick guide to the COP28 president
... As chair of Abu Dhabi National Oil Company (Adnoc), Sultan al-Jaber leads a company that pumped 2...
Government intervenes in Abu Dhabi's bid to buy Telegraph
...By Simon JackBusiness editorThe culture and media secretary has intervened to scrutinise a sale of the Daily Telegraph and the Spectator magazine to a company backed by the Abu Dhabi ruling family...
Toxic gas putting millions at risk in Middle East, BBC finds
... " BreathlessHow the hidden toxic air pollution of the oil giants is spreading hundreds of kilometres, putting the health of millions of people at risk in Dubai, Abu Dhabi, Kuwait, Iran and Iraq...
Telegraph: Ministers may order probe into newspaper's sale
...By Noor NanjiCulture reporterThe culture secretary has said she may order a probe into the sale of the Telegraph newspaper and Spectator magazine to an Abu Dhabi-backed fund, citing " concerns" about the deal...
Richard Teng: Who is the new boss of Binance?
... He then moved on to the become CEO of the Abu Dhabi Global Market (ADGM), an international financial centre in the United Arab Emirates, where he stayed for six years...
Abu Dhabi-backed fund poised to take over Telegraph
...An Abu Dhabi-backed investment fund is poised to take control of the Telegraph newspaper and Spectator magazine...
Ethiopia PM Abiy eyes Red Sea port, inflaming tensions
... Abu Dhabi also supports Sudan s paramilitary Rapid Support Forces (RSF) group led by General Mohamed Hamdan Dagolo, known as " Hemeti" who controls much of Sudan including most of its capital, Khartoum, and may soon be able to form a government...
Government intervenes in Abu Dhabi's bid to buy Telegraph
By Simon JackBusiness editor
The culture and media secretary has intervened to scrutinise a sale of The Daily Telegraph and The Spectator magazine to a company backed by the Abu Dhabi ruling family.
The titles were taken over by Lloyds Bank as it sought to recover £1. 1bn owed by The Owners , the Barclay family.
An Abu Dhabi -backed firm this month agreed to pay the sum and take control.
It was understood that after The Debt was paid to Lloyds, the titles would be passed on swiftly to the new owners.
Sheikh Mansour bin Zayed Al Nahyan, best known in the UK for his ownership of Manchester City football club, has thrown his considerable financial heft behind RedBird IMI, the investment consortium looking to take control of the Telegraph and The Spectator .
The consortium is run by Jeff Zucker , the former president of CNN.
As the, The Secretary of State, Lucy Frazer , did not feel it appropriate to intervene in a debt repayment transaction.
However, as she has previously indicated and now confirmed, the transfer of the politically important titles to what is essentially a foreign power is a matter the UK government and other regulators need to scrutinise.
Jeff Zucker is a very experienced news chief and has hit back at any suggestion that the editorial independence of The Daily Telegraph, the Sunday Telegraph and The Spectator would be compromised by Gulf ownership.
But former editors, senior politicians and grassroots Conservatives have voiced grave concerns about The Deal .
Simply put, the Barclay family, who have twisted and turned for many years from Lloyds to preserve their ownership of the Telegraph, have now replaced their Lloyds debt with a debt to the Abu Dhabi Royal Family .
Lionel Barber , the former editor of the FT, has pointed out that the UK has allowed a convicted fraudster, Conrad Black , to own the Telegraph and The Son of a former KGB agent, Evgeny Lebedev , to own The Independent and the Evening Standard .
But former Telegraph editor Charles Moore insists that the nature of those involved Here - a foreign state alongside a Tory-leaning Paper - makes these circumstances different.
Sheikh Mansour is taking a financial risk in wiring The Money to Lloyds when it is unclear whether he will ever get to take control of The Assets he is paying for, but as someone close to The Deal said, that seems to be " a risk he's willing to take".
Related TopicsSource of news: bbc.com
Abu Dhabi Photos
