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Abu Dhabi Gives Dubai $10 Billion for Use on Debt

Dec. 14, 2009
The pledge by the oil-rich governing emirate on Monday eased fears about an outright debt default, lifting stock markets.
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Abu Dhabi comes to Dubai's rescue

Abu Dhabi comes to Dubai's rescue

DUBAI, United Arab Emirates, Dec. 14 (UPI) -- Abu Dhabi said Monday it would rescue its neighbor, Dubai, with a $10 billion fund to cover a portion of a $59 billion in debt that needs restructuring.

OPEC champion boosts renewable portfolio

ABU DHABI, United Arab Emirates, Jan. 19 (UPI) -- Abu Dhabi, one of the most oil-rich places in the world, has decided to make an ambitious push for renewable energy sources.

Abu Dhabi boosts oil infrastructure

ABU DHABI, United Arab Emirates, Aug. 20 (UPI) -- Abu Dhabi's International Petroleum Investment Co. will team up with the Abu Dhabi National Oil Co. on infrastructure development, officials said.

Dolphin Energy assumes pipeline management

ABU DHABI, United Arab Emirates, June 17 (UPI) -- The Abu Dhabi gas firm Dolphin Energy assumed management responsibilities for roughly 190 miles of gas pipelines owned by the Abu Dhabi National Oil Co.

Abu Dhabi eyes Shah Deniz gas field

ABU DHABI, United Arab Emirates, June 11 (UPI) -- The Abu Dhabi National Oil Co. plans to announce a $10 billion contract to treat sour gas in the Shah Deniz field in Azerbaijan, industry officials said.

Lyon to rise in the Dubai desert

DUBAI, United Arab Emirates, Jan. 5 (UPI) -- A Dubai business mogul is about to replicate the French city of Lyon in the Arab desert emirate.

Abu Dhabi buys AMD stake for $622 million

NEW YORK, Nov. 16 (UPI) -- An investment arm of the Abu Dhabi government has bought an 8.1 percent stake in Advanced Micro Devices for $622 million.

Cleveland Clinic to build hospital in UAE

ABU DHABI, United Arab Emirates, Sept. 13 (UPI) -- Cleveland Clinic and Abu Dhabi's Mubadala Development will jointly build a hospital in the United Arab Emirates.

New UAE president elected

ABU DHABI, United Arab Emirates, Nov. 3 (UPI) -- The Supreme Council of the United Arab Emirates Wednesday elected Sheik Khalifa bin Zayed as president, succeeding his late father, Sheik Zayed bin Sultan.

UAE president dies at 86

ABU DHABI, United Arab Emirates, Nov. 2 (UPI) -- United Arab Emirates President and ruler of Abu Dhabi Sheik Zayed bin Sultan al-Nayhan died Tuesday, official television reports. He was 86.
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Vietnam Veterans Memorial Commemorated in Washington
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A U.S. Air Force B-52 flies over the Vietnam Veterans Memorial during commemoration of 50th anniversary of the war on May 28, 2012 in Washington, DC. President Barack Obama is at the base of the wall left center. More than 58,000 names of the servicemen who were killed or missing in the war are engraved on The Wall. The B-52 bomber was used extensively during the Vietnam War. UPI/Pat Benic