Africa Day in Abu Dhabi
On June 18, starting at 7:30pm, the African Embassies in the UAE come together for Africa Day, celebrating all things Africa. More information at www.crdsom.org.
Showing posts with label abu dhabi. Show all posts
Showing posts with label abu dhabi. Show all posts
Abu Dhabi Louvre
Flic posted yesterday on the Louvre coming to Abu Dhabi.
Here are some excerpts from the New York Times report:
What’s the price of a good name?How about a cool $520 million? That is the amount that Abu Dhabi, the capital of the United Arab Emirates, agreed Tuesday to pay to attach the Louvre’s name to a museum that it hopes to open in 2012. And there is more: in exchange for art loans, special exhibitions and management advice, Abu Dhabi will pay France an additional $747 million. Controversy over the Louvre Abu Dhabi has been swirling in France for the last three months, with critics charging that the French government is “selling” its museums. But only now have the full details of the nearly $1.3 billion package been disclosed.
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Abu Dhabi has also agreed to make a direct donation of $32.5 million to the Louvre to refurbish a wing of the Pavillon de Flore for the display of international art.
This gallery, to be ready by 2010, will carry the name of Sheik Zayed bin Sultan al-Nahayan, the founder and longtime ruler of the United Arab Emirates, who died in 2004.
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For a government-owned cultural institution in France to carry the name of a corporate or foreign donor is also a first and may well raise eyebrows here. In the past, for instance, the Louvre has turned down offers of financial help from philanthropists who asked that galleries be named after them in return.
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In a telephone interview from Abu Dhabi, Mubarak Al-Muhairi, the deputy chairman of the emirate’s tourism authority, dismissed rumors that the new museum would reject loans or exhibitions from France including Christian religious art or depicting, say, nudity. “In principle, there are no restrictions,” he said, “but both sides will agree on what is shown
abu dhabi projects value 1 trillion DHS
"Dubai: The total value of announced and on-going projects in Abu Dhabi has inched close to Dh1 trillion, currently at Dh991 billion ($270 billion), a report says.
Abu Dhabi, the largest among UAE's seven states, is by far the wealthiest and in 2005 had the highest per capita income in the world at $46,147. It has proven oil reserves which are estimated to last for another 150 years and currently pumps 3.5 million barrels of oil per day generating in excess of $90 billion annually," it said.
Major players including Aldar, Sorouh, Escan, Tourism Development and Investment Company, Reem and Tamouh Investments are currently involved in projects estimated at over $60 billion.
The list of projects include the $14.7 billion Al Raha Beach development by Aldar Properties, the $27 billion Saadiyat Island by TDIC, $2.5 billion Shams Abu Dhabi by Sorouh, $1.4 billion Reem Island by Tamouh Investments and $3.5 billion Najmat Abu Dhabi project by Reem Investments.
The latest amendment to Abu Dhabi Property Law will help the emirate to attact more investment into the reality sector."
http://gulfnews.com/business/Construction/10103864.html
ADIA TOWER ABU DHUBAI sinking away :S
One of the most high profile buildings in the capital, the ADIA tower situated at the Abu Dhabi Corniche remains unoccupied long after completion allegedly due to a 'tilting basement' besides problems with wiring and power supply.The unique building, shaped to resemble 'shifting sand-dunes' and featuring a double-glazed facade curtained with automatic blinds took more than 5 years to complete and cost Dhs 500 million. But if the problems remain unresolved (reportedly it has sunk 3 inches and has had frequent fires due to short circuits), who knows, some world-renowned project consultants and architects might give us the world's first leaning tower where people actually work.
Emirates Millionaire Show
H.H. Sheikh Suroor Bin Mohammed Al Nahyan, the Chamberlain of the Presidential Court opened yesterday the first Emirates Millionaire Show (EMS 2006) during an exceptionally alluring ceremony held at Emirates Palace in Abu Dhabi, also the venue for the three-day show (December 14th - December 16th).H.H. Sheikh Suroor Bin Mohammed Al Nahyan said that that there are 59,000 UAE millionaires who own 1,500 billion dirhams (US $408 billion) and the number of UAE millionaires is growing %5 each year because of the rapid growth of UAE economy according to Emirates Today Arabic newspaper. He also added that %60 of those millionaires (35,400) are women.
Read Also:Emirates Millionaire Show 2006Glitter, glamour and fashion's most luxurious product lines unveiled at Emirates Millionaire Show 2006 (AME Info)
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