Word: dhabi
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...appearance of a storybook stronghold from One Thousand and One Nights, Anantara's Desert Islands Resort & Spa stands alone on the shores of Sir Bani Yas - a large island in the Persian Gulf, lying just 5 miles (8 km) off the coast of the emirate of Abu Dhabi. And in truth, there is a whiff of fantasy about this sand-colored, 64-room property, fringed by cobalt-blue sea on one side and, on the other, a saltwater lagoon fronting desert scrubland and a jumble of rocky central hills...
Before the recession hit, establishing a presence in the Persian Gulf was fast becoming the “in” thing for American universities: Georgetown’s School of Foreign Service in Doha, New York University in Abu Dhabi, Michigan State University in Dubai—the list goes on and on. So being the global, ambitious, and well-endowed institution that it is, it’s no surprise that Harvard is keeping up with the times...
...financing Dubai's real estate boom have pulled out, leaving behind a significant burden on local banks, who have turned to the U.A.E. government for help shoring up their liquidity. To date, approximately $15 billion of federal money has been pumped into local banks. Company buyouts financed by Abu Dhabi - the capital of the U.A.E. and the only emirate with petroleum wealth - are believed to be forthcoming, though no officials will discuss details. "Any bailout from Abu Dhabi will come very privately," says Christopher Davidson, author of Dubai: The Vulnerability of Success. "Abu Dhabi doesn't want the Dubai brand...
...limitless funding Abu Dhabi can pour into Masdar, however, success is not guaranteed. Some urban-design experts question just how sustainable Masdar City will really be. The settlement is being built miles outside Abu Dhabi, contributing to the energy-intensive sprawl growing throughout the emirate. And while Masdar City promises to use the greenest technologies on the market, that won't make it livable. "It looks a bit like a prison to me," says Steffen Lehmann, an urban-design professor at the University of Newcastle in Australia who spoke at WFES. "It's going to be a 1% token-green...
...business as usual in Abu Dhabi is extremely carbon-intensive. Gasoline costs less than 50 a gal. (13 per L), and public transport is all but nonexistent. The World Wildlife Fund says the U.A.E. has the biggest per capita carbon footprint in the world, and parched Abu Dhabi uses more water per person than anywhere else. There are no plans to put a price on carbon, as even the U.S. is considering. Lehmann and others would prefer to see Masdar spend its billions greening Abu Dhabi itself, not building an entirely new settlement in vacant desert. "We have to have...