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Abu Dhabi’s TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi’s TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi's government-owned Tourism Development Investment Company (TDIC), builder of branches of the Louvre and Guggenheim museums, is mulling asset sales to help repay $2 billion in debt maturing in 2014, its chief financial officer said.

February 27, 2012 12:53
 
Abu Dhabi further delays Louvre, Guggenheim projects

Abu Dhabi further delays Louvre, Guggenheim projects

Abu Dhabi is once again pushing back the opening of local branches of the Louvre and Guggenheim art museums, after a fresh review of the projects, the government's tourism arm said on Wednesday.

January 25, 2012 2:11
 
Prudent Abu Dhabi adjusts development strategy

Prudent Abu Dhabi adjusts development strategy

Prestige property projects reviewed, some put on hold; Abu Dhabi responding to weaker market, global uncertainty; But retrenchment different from Dubai crisis; Government remains very strong financially; Strategy change may please international investors

November 10, 2011 4:07
 

Abu Dhabi delays opening dates for Louvre, Guggenheim museums

Abu Dhabi government-owned Tourism Development and Investment Co (TDIC) said on Saturday it was postponing the opening of three museums, in a fresh delay for one of the largest cultural projects in the Middle East.

October 29, 2011 3:07
 

Saudi artifacts on display at Louvre’s ‘Roads to Arabia’ exhibition

Excavations in the Kingdom continue to uncover large numbers of significant antiquities.

July 17, 2010 10:15
 

GM issues worldwide recall of Hummer H3, citing defective bonnet catch

Most of the UAE’s 3,500 Hummer H3s are included in the recall.

May 7, 2010 1:58