Word: dhabi
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...audition for the role of villain in the world's financial markets, sovereign wealth funds would have pushed sub-prime mortgages close in recent months. Huge, government-controlled investment pools from Abu Dhabi to China have helped to rescue Wall Street banks left short by the credit crisis - and still managed to leave Western governments feeling spooked. Their worry: the funds - swollen with foreign-currency reserves or billions in profits from oil and gas - might be hiding dark political motives behind fuzzy financial aims...
...hard to work themselves into a panic over Norway's Government Pension Fund-Global. That's not to say it's lacking in clout. With assets of $382 billion at the end of March, it's the world's second-largest sovereign wealth fund, trailing only the Abu Dhabi Investment Authority, which weighs in at about $875 billion. Norway's fund, flush with money from the nation's oil and gas, has stakes in 7,000 firms - from Google to Goldman Sachs, Deutsche Post to PetroChina. Astonishingly, the fund now owns about 1% of the entire European stock market...
...Harris' IT team was able to solve one problem for doctors and nurses right away with the digital chart. Hospital policy mandates that every time a Cleveland Clinic patient sees a doctor in any of 37 buildings on the main campus or dozens of satellite locations in Florida, Abu Dhabi and southeastern Ohio, that doctor will be holding his or her medical chart. With paper records, physicians didn't have those records 20% of the time. As soon as charts were digitized, EHRs were at their fingertips. "No more repeat tests, no more taking extensive histories," says Gene Lazuta, marketing...
...Great Oil Bonanza of the early 21st century is helping to transform former backwaters like Dubai, Abu Dhabi, Qatar and Bahrain into glittering hubs for business, travel and culture. Still, there are plenty of threats that could spoil this party. For a start, there are the wildcard geopolitical risks that can never be ruled out in a region plagued by instability. In one nightmare scenario, Tehran would respond to a U.S. strike on Iran's nuclear program by lobbing missiles at cities in Gulf states like Qatar that are closely allied with Washington; in another, a terrorist group such...
...human potential by improving education and training, and luring more skilled workers from overseas. The region's ambitions are vast - from the new economic cities being planned in Saudi Arabia to the huge construction projects rising up in Dubai to the renewable energy research being funded in Abu Dhabi. "But can we attract the talent to execute the projects we have in mind?" asked al-Shaikh...