United Arab Emirates Donated At Least $1M To Bush Library
POSTED: 7:37 am CST February 24, 2006
HOUSTON -- A sheik from the United Arab Emirates contributed at least $1 million to the Bush Library Foundation, which established the George Bush Presidential Library at Texas A&M University in College Station.
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A political uproar has ensued over the deal, which the White House approved without congressional oversight. Dubai Ports World offered Thursday night to delay part of the takeover to give the Bush administration more time to convince lawmakers the deal poses no security risks.
The donations were made in the early 1990s for the library, which houses the papers of former President George Bush, the current president's father.
The list of donors names
Sheik Zayed Bin Sultan al Nahyan and the people of the United Arab Emirates as one donor in the $1 million or more category.
more...
http://www.click2houston.com/news/7397234/detail.html?rss=hou&psp=newsUnited Arab Emirates president dies at 86
By Tarek Al-Issawi, Associated Press Writer | November 2, 2004
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He became the ruler of Abu Dhabi, the largest emirate, in 1966, four years after the emirate first began exporting the oil it had just discovered off its shores. At the time, Abu Dhabi city was a collection of huts clustered around the ruler's fort.
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Billions of oil dollars were invested to make Abu Dhabi an oasis of high-rises, parks, fountains, manicured flower beds, restaurants and a wildlife island. The country has also sought to diversity the economy, becoming a center for banking and finance. Dubai, the second largest emirate, now gets most of its revenues from trade.
Following the Sept. 11 attacks on the United States, the Emirates were among several Arab countries pressured by Washington to reform their financial sectors, which had been linked to the funneling of funds to international terrorist groups like al-Qaida.
The Al Nahran family held more than three-quarters of the stock in the bank BCCI, which in the early 1990s was at the center of one of the world's biggest bank frauds. Severe losses in securities trading and phony loans and insider stock trades led to the collapse of the bank, which had offices in 69 nations. Twelve top executives from the bank were convicted and forced to pay some $9.13 billion in restitution to the Abu Dhabi government.more...
http://www.boston.com/news/world/middleeast/articles/2004/11/02/uae_president_sheik_zayed_dies_at_86/
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