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Abu Dhabi bails out Dubai…again 25, November 2009

Posted by thegulfblog.com in The Emirates.
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Two Abu Dhabi banks have lent some $5 billion to Dubai which is by all accounts still struggling massively since its credit-crunch collapse. For this ‘investment’ Abu Dhabi have demands both large and small. For example, Abu Dhabi sought and gained a huge stake in Dubai’s flagship airline Emirates and also changed a bill-board in a prominent place in Dubai from a picture of Dubai’s ruler to a pointedly different message proclaiming ‘Long live our Emirates Union’ with a picture of UAE President Shiekh Khalifah bin Zayed Al Nayhan, just to rub it in.


US Navy leads the way with new Zumwalt Class 25, November 2009

Posted by thegulfblog.com in American ME Relations.
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Aside from having a rather nifty name, it appears as if the US Navy’s newest generation of boats ships will be rather uesful. Indeed, at a cost of some $3.3 billion each along with $4 billion in lifetime running costs for of each Zumwalt Class Destroyer, this is probably just as well. For a more detailed (i.e. a remotely useful article…) looking at the new Zumwalt class ships, go to the ever-useful and interesting ISN website.

Picture: Defense Industry Daily