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Flight attendants at a graduation ceremony last year in Abu Dhabi, the United Arab Emirates. (Tamara Abdul Hadi for The New York Times)Flight attendants have become the public face of the new mobility for some young Arab women, just as they were the face of new freedoms for women in the United States in the 1950s and 1960s. They have become a subject of social anxiety and fascination in much the same way.
AMD will be split into two firms, one designing and the other making computer chips [AP]
Advanced Micro Devices, the second largest computer chip maker in the US, has announced that it will split into two firms, with its factories becoming a joint venture with investors from the Gulf emirate of Abu Dhabi.
A Manchester City fan wears an Arab headdress to a recent game to hail an Abu Dhabi investment group’s purchase of the English soccer team. Abu Dhabi investment groups have interests in places such as China, the Balkans and Central America.
"Abu Dhabi has a more sophisticated vision than just making more money," said Edward Borgerding, an ex-Disney executive who is chief executive of the Abu Dhabi Media Co., which recently signed a deal to spend $1 billion over five years to finance Hollywood projects. "It wants to invest in businesses that in 10 or 20 years will flourish and continue to sustain the economy of the UAE."
"Citigroup's rescue did not come cheap. The deal was structured in the form of convertible securities that will require the company to pay junk-bond levels of coupon interest, reported by Barron's to be close to 11%, for the privilege of selling part of America's premier consumer financial institution into foreign hands."
"Citigroup Inc (NYSE:C - News) is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive."
Flight attendants at a graduation ceremony last year in Abu Dhabi, the United Arab Emirates. (Tamara Abdul Hadi for The New York Times)
