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.
Oil firms commit to major fossil fuel cut by 2050 at COP28
... 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...
Telegraph: Ministers may order probe into newspaper's sale
By Noor NanjiCulture reporter
The 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 .
Lucy Frazer said she was " minded to" issue An Intervention notice on public interest grounds.
Earlier This Week , RedBird IMI said it was poised to take control of the titles.
The Bbc has approached RedBird IMI for comment.
In a written statement on Wednesday, Ms Frazer said had contacted the publication's previous owners the Barclay family, their bank Lloyds and Redbird IMI to inform them of the possible intervention.
'Further investigation'She said: " This relates to concerns I have that there may be public interest considerations… that are relevant to The Intended loan repayment by the Barclay family and the planned acquisition of Telegraph Media Group by Redbird IMI and that these concerns warrant further investigation. "
She added: " It is important to note that I have not taken a final decision on intervention at this stage. "
If Ms Frazer does issue An Intervention notice, it could lead to an investigation by regulators.
The parties have been given until 15:00 GMT on Thursday to respond to The Secretary of state.
It Comes after six Conservative MPs wrote to Deputy Prime Minister Oliver Dowden and The Business and culture secretaries over the weekend to raise concerns about how RedBird IMI's offer could affect National Security and press freedom.
The Telegraph and Spectator were taken over by Lloyds Bank five months ago as it sought to recover debts owed by the Barclay brothers.
Lloyds launched a sales process of The Business to recover More Than £1bn that was outstanding.
However, on Monday RedBird IMI investment fund, which is a Joint Venture Between Us firm RedBird Capital and International Media Investments (IMI) of Abu Dhabi , confirmed it had reached a deal with the Barclays.
This would see the debts owed to Lloyds repaid, and The News titles Taken Out of receivership.
If The Deal is approved, Redbird IMI's chief executive, former CNN boss Jeff Zucker , would run The Business .
Related TopicsSource of news: bbc.com
Abu Dhabi Photos
