Latest Abu Dhabi News

UAE leader designates his eldest son as crown prince

Mar. 29, 2023 16:16 PM EDT

DUBAI, United Arab Emirates (AP) — Sheikh Mohammed bin Zayed Al Nahyan, the president of the United Arab Emirates, appointed his eldest son Khaled as crown prince of Abu Dhabi on Wednesday, placing him as next in line to take over as the leader of the federation. The state-run WAM...

Report: Renewable energy growth falls short of climate goal

Mar. 28, 2023 11:43 AM EDT

BERLIN (AP) — Deployment of new wind and solar power plants needs to be drastically ramped up by the end of the decade to meet the world's climate goals, the International Renewable Energy Agency said Tuesday. In an advance preview of its annual report on the global shift from...

Who is bidding to buy English soccer club Manchester United?

Mar. 27, 2023 06:25 AM EDT

MANCHESTER, England (AP) — The race to buy Manchester United is taking shape. Based on the publicly declared bids for one of the world's most iconic soccer teams, the frontrunners are Qatari banker Sheikh Jassim bin Hamad Al Thani and local boy-turned-billionaire Jim Ratcliffe. ...

Ex-Goldman banker gets 10-year sentence in 1MDB looting plot

Mar. 09, 2023 16:30 PM EST

NEW YORK (AP) — A former Goldman Sachs banker was sentenced Thursday to 10 years in prison for his role in looting a Malaysian sovereign wealth fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013 film “The Wolf of Wall Street.” ...

Actor Nazanin Boniadi asks world to back Iran women protests

Mar. 08, 2023 09:53 AM EST

ABU DHABI, United Arab Emirates (AP) — Actor Nazanin Boniadi on Wednesday urged the world to back the protests in her native Iran calling for women's rights and political change, saying despots fear nothing "more than a free and politically active woman.” Speaking on the...

Abu Dhabi state gas firm looks to raise $2B in IPO

Feb. 23, 2023 02:49 AM EST

DUBAI, United Arab Emirates (AP) — Abu Dhabi's state gas company expects to raise up to $2 billion by selling 4% of its shares in an initial public offering, the company said Thursday. It said the price range for the previously announced sale of over 3 billion shares has been set...

Russia sells weapons at Abu Dhabi arms fair amid Ukraine war

Feb. 20, 2023 20:28 PM EST

ABU DHABI, United Arab Emirates (AP) — Russia offered weapons for sale Monday at a biennial arms fair in the United Arab Emirates, ranging from Kalashnikov assault rifles to missile systems — despite facing sanctions from the West over its war on Ukraine. The arms for sale at...

Abu Dhabi state gas company to sell 4% of shares in IPO

Feb. 17, 2023 01:08 AM EST

DUBAI, United Arab Emirates (AP) — The Abu Dhabi National Oil Company's gas processing firm said Friday it plans to sell 4% of its shares to local investors in the latest initial public offering to be made by a state-run energy company in the Middle East. The move follows a similar...

UAE's COP28 leader: 'Fight climate change, not each other'

Feb. 14, 2023 10:40 AM EST

DUBAI, United Arab Emirates (AP) — The United Arab Emirates' pick to lead the upcoming COP28 climate talks in Dubai called on the world Tuesday to “fight climate change, not each other,” directly addressing the anger activists have felt over his selection. Sultan al-Jaber, the...

From Qatar to Elon Musk, Man United sale rumors grow

Feb. 14, 2023 09:31 AM EST

MANCHESTER, England (AP) — The race is on to buy Manchester United and it will take deep pockets to meet an estimated price of $6 billion. No wonder the oil and gas rich state of Qatar is being so heavily linked with a bid and Elon Musk’s name refuses to go away despite the Tesla...