November 8, 1992 |
Gulf Arabs will soon have their own Disneyland--Islamic style. The emirate of Abu Dhabi is in the final planning stages of a Disneyland-style entertainment park to be built on a spectacular man-made island. The government of Abu Dhabi, the capital of the United Arab Emirates (UAE), has spent millions of dollars in the last six years on dredging and stacking boulders to mold the Gulf's first artificial island for the park that could cost up to $2 billion.
January 23, 2008 |
Dubai will be first country in the Middle East to test General Motors Corp.'s "green" cars as the United Arab Emirates seeks to cast off its reputation as the world's biggest polluter. In Abu Dhabi, GM executive Mary Beth Stanek said the company would bring 10 hybrid cars to Dubai next month for testing by police and taxis. The U.A.E. emits more pollution per capita than any other country, according to the World Wildlife Fund's "Living Planet" report of October 2006.
April 12, 2009 |
Should the United States sell advanced civilian nuclear reactors to a Middle East country that doesn't seem to need them? A country that can keep pumping oil for the next 100 years, that has a pipeline to a vast natural gas field next door and enough desert for a solar panel array of biblical proportions? No, it's not Iran. It's the United Arab Emirates, that federation of seven states, proposing the efficient and safest nuclear-generating program money can buy.
July 1, 1988 |
A buildup in crude oil inventories that is pushing the price of petroleum lower took its toll on oil company stocks Thursday, pushing them lower after industry analysts told their clients to sell. "There's a continuing buildup of inventories and the unraveling of the OPEC consensus," said oil analyst Albert Anton of Carl H. Pforzheimer & Co. Traders said three oil analysts made bearish comments about the group Thursday, sending oil issues lower.
November 26, 1989 |
Ministers of the Organization of Petroleum Exporting Countries on Saturday made what delegates said was agonizingly slow progress toward reconciling rival ambitions to sell more oil within a new system of output quotas. The 13 oil ministers held a brief formal opening session and then adjourned with differences unresolved. The ministers resumed bilateral talks at their hotel.
June 16, 1997 |
The last two former Bank of Credit & Commerce International executives held in prison in the United Arab Emirates have been released but must remain in the country, judicial sources said. They said Hassan Mahmoud Kazmi and Abdul-Hafeez Mohammed Ahmed were released from their Abu Dhabi jail on Wednesday after they completed six-year sentences. The two cannot leave the country pending appeals to the supreme court, the sources said.
September 27, 1989 |
OPEC oil ministers Tuesday extended their talks to a fifth day after Iran put up surprise proposals to end a deadlock on assigning production quotas among its members. Delegates of Iran told lobby reporters that higher world petroleum prices was one goal. The 13 ministers of the Organization of Petroleum Exporting Countries have been stymied for four days trying to agree on output quotas to remove excess supply from the world market.
December 31, 1990 |
Oil revenues of the Persian Gulf Arab states other than Kuwait and Iraq jumped by more than 50% during 1990 due to higher crude prices precipitated by the Gulf crisis, it was reported Sunday. Gulf International Bank economist Henry Azzam said the combined oil income of Saudi Arabia, the United Arab Emirates, Qatar, Oman and Bahrain rose 55% to $70.5 billion from $41.9 billion in 1989.
July 24, 1990 |
Iraq wants no further increases in OPEC oil output or any increases in members' production quotas until prices climb to $25 per barrel, the Middle East Economic Survey said Monday. The authoritative newsletter said the idea was likely to meet considerable resistance among key producers when they meet in Geneva Thursday. But it said there was a consensus within OPEC to restore oil prices to more than $18 per barrel. World prices are now just below OPEC's $18 benchmark.