Speedy electric cars will soon compete with gas-guzzling SUVs on Abu Dhabi streets as the oil-exporting emirate buys into alternative energy, including, on Monday, a stake in electric-car start-up Tesla Motors Inc.
IBT Staff Reporter
Jul 13, 2009
Treasury Secretary Timothy Geithner will seek to reassure Gulf Arab states this week that U.S. dollar assets they hold in large quantities remain a strong investment.
IBT Staff Reporter
Jul 13, 2009
The United States joined the International Renewable Energy Agency (IRENA) on Monday as part of the Obama administration's commitment to developing a new energy policy, Secretary of State Hillary Clinton said.
IBT Staff Reporter
Jun 30, 2009
Thousands of red shirt supporters of ousted Thai prime minister Thaksin Shinawatra rallied in Bangkok on Saturday in their biggest protest since violent street clashes two months ago.
IBT Staff Reporter
Jun 27, 2009
Japan has concluded a basic agreement with the United Arab Emirates to start receiving oil from Abu Dhabi National Oil Co (ADNOC) to help stock up its oil reserves, the government said on Thursday.
IBT Staff Reporter
Jun 25, 2009
Abu Dhabi state investment agency Mubadala Development said on Wednesday it was interested in partnerships with leading aerospace groups but denied a report it planned to take stakes in major European aerospace companies.
IBT Staff Reporter
Jun 18, 2009
The Norwegian government said on Wednesday it would assess the impact of climate change on financial markets and urged global investors to join forces.
IBT Staff Reporter
Jun 03, 2009
Abu Dhabi sold an 11 percent stake in Barclays on Tuesday, making $2.5 billion from an investment that helped the British bank through the financial crisis and raising fears that the rally in bank shares may be over.
IBT Staff Reporter
Jun 02, 2009
Abu Dhabi on Tuesday sold about 3.5 billion pounds ($5.7 billion) of shares in UK bank Barclays , traders said, to reap a near 1.5 billion pound profit in just seven months.
IBT Staff Reporter
Jun 02, 2009
The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.
IBT Staff Reporter
May 25, 2009
The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.
IBT Staff Reporter
May 25, 2009
The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.
IBT Staff Reporter
May 25, 2009
(Corrects paragraph 10 to read 'cap-and-trade system' instead of 'capping grade system')
IBT Staff Reporter
May 25, 2009
The World Trade Organization (WTO) chief urged the United States and India to start talks as soon as possible to tackle protectionism and called on Gulf Arabs to open up to international business.
IBT Staff Reporter
May 25, 2009
Dubai property developer Deyaar DEYR.DU is looking to expand into five countries to tap into cheap valuations stemming from the global financial crisis, the company's chief executive said late on Friday.
IBT Staff Reporter
May 16, 2009
Global hoteliers are pinning their hopes on the east's underserved leisure markets to offset falling revenue as holidaymakers and business travelers cut back to save money in the global downturn.
IBT Staff Reporter
May 10, 2009
The German government is examining competing plans to invest in carmaker Opel and aims to decide by the end of the month whether to provide the firm with financing guarantees, a leading Social Democrat said.
IBT Staff Reporter
May 10, 2009
Dubai-listed Air Arabia AIRA.DU, the Middle East's largest low-cost carrier by market value, earned 103 million dirhams ($28 million) in the first quarter, up 32 percent from the year-earlier period.
IBT Staff Reporter
May 09, 2009
Saudi Arabia is a Middle Eastern country that occupies most of the Arabian peninsula and has both Persian Gulf and Red Sea coast lines. Its surrounding countries are Jordan to the northwest, Iraq to the northeast, Kuwait and Qatar to the east, United Arab Emirates to the south east, Oman and Yemen to the south.
IBT Staff Reporter
Apr 30, 2009
Mexico said a new flu virus has killed up to 149 people and it ordered all schools to close across the country on Monday as the disease spread in the United States, Canada and Europe, raising fears of a pandemic.
IBT Staff Reporter
Apr 27, 2009
Oil slid over 7 percent to $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.
IBT Staff Reporter
Apr 20, 2009
Oil slid nearly 8 percent to $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.
IBT Staff Reporter
Apr 20, 2009