Abu Dhabi and Dubai Blog

Here is an interesting piece from the Guardian on the recent announcement of Abu Dhabi’s ambitious goals for a greener emirate.

Abu Dhabi announced at a summit of world leaders on renewable energy yesterday that it would become the first petro-driven economy to make a significant commitment to renewables – and it is partly thanks to Prince Charles. Sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi, has decreed that 7% of power will come from green energy sources by 2020.

Thanks Prince Charles.

http://www.guardian.co.uk/environment/blog/2009/jan/20/energy-oil-abudhabi

But now Dubai’s debt-driven splurge on flashy hotels and residential properties is not looking as stable as Abu Dhabi’s more stealthy oil-driven expansion, especially as a bursting of the property bubble and a crunch on credit are hurting financial activity in Dubai.

http://www.forbes.com/economy/2008/11/24/dubai-abu-dhabi-markets-econ-cx_ll_1224markets12.html