The arrival of the Queen of Pop to the UAE capital is one more step towards the UAE capital’s long-term goal of becoming a global entertainment and cultural hub. How much dividends will it pay back?
February 28, 2012 11:47
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
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
It's a marketing tactic and not economic realities that led to the decision to delay some of their projects, says TDIC. Of course, it is.
October 30, 2011 2:31
IPIC roadshows ended this week; May want to use shrinking window for issuance this year; Hope for euro zone crisis could facilitate this; Company's 2020 bonds have been performing well; But may not be willing to pay risk premium on Gulf bonds
October 29, 2011 6:19
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
Abu Dhabi's government-owned Tourism Development and Investment Co (TDIC) has cancelled a tender related to the construction of the Guggenheim museum in the UAE capital, it said in a statement on Sunday.
October 23, 2011 2:24
Reuters columnist Una Galani things that even with debts between TDIC and Aldar, the UAE capital has not learnt any lessons from history at all. Will it survive its next financial move?
July 12, 2011 10:26
Abu Dhabi's Tourism Development and Investment Company (TDIC) launched a $1 billion global bond issue under...
July 1, 2009 3:57
Journalists at a Human Rights Watch press conference in Abu Dhabi reacted explosively to the watchdog’s report of labor abuse at Saadiyat Island. But the authority insists its report is accurate.
May 19, 2009 5:05