InfoAnda - UAE to invest in poorer northern emirates

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Africa Europe Latin America Middle East North America UAE to invest in poorer northern emirates Reuters - Thursday, March 3 Send IM Story Print ABU DHABI to improve infrastructure in less developed emirates, state media said on Wednesday. The decision to expand water and electricity networks by President Sheikh Khalifa bin Zayed al-Nahayan, came after he saw living conditions on a tour of the world's third largest oil exporter last month, the state news agency WAM reported. "Electricity supply is to be provided to buildings and shops belonging to citizens in the northern emirates, the president ordered," WAM said. Revolts against oppressive leaders and economic hardships have been sweeping through the Arab world over the past two months, ousting presidents of Egypt and Tunisia. They now challenge regimes in Libya as well as nearby Bahrain and Oman. The UAE, the second largest Arab economy, has escaped the unrest so far. Its relatively small local population enjoys one of the world's highest economic outputs per capita at over $47,000. "There is unrest in so many Arabic countries. The issue is causing discomfort and has been addressed in the UAE twenty-five to thirty years ago," said Khaled Abdulla al-Qubaisi, a senior advisor at Mubadala, an investment vehicle of the Abu Dhabi government. "Basic necessities are provided for jobs, health, good quality of life in Abu Dhabi and the UAE. We don't see that as an issue," he said on the sidelines of a conference in Abu Dhabi earlier on Tuesday. Potential for unrest would most likely come from the five northern emirates, whose citizens have benefited less from capital Abu Dhabi's vast oil wealth or trade and property-fuelled development in business hub Dubai. Ras al-Khaimah, one of the northern emirates, has seen small protests in past years but they were quickly crushed by Abu Dhabi security forces. The emirate sits on the Strait of Hormuz, through which 40 percent of the world's seaborne oil passes. The Abu Dhabi Water and Electricity Authority was instructed to supply the Federal Electricity and Water Authority with around 1,300 megawatts of power to meet projected demand. Instructions to build a 100 km water pipeline costing 900 million dirhams from northern towns of Kalba to Dibba has been ordered, as well as a 60 km pipeline worth 300 million dirhams in the Umm al-Quwain emirate, WAM said. A range of supermarkets in the UAE have agreed with the economy ministry to cut their prices for food and other essential commodity items by up to 40 percent for one month, an official said on Tuesday. Recommend Send IM Story Print Related Articles UN warcrimes court to name Libyan suspects AFP - Thursday, March 3 South Sudan rebel clashes kill 40 soldiers: army AFP - Thursday, March 3 Libya: live report AFP - 18 minutes ago Anti-gay US church has right to picket funerals: court AFP - 26 minutes ago UK-World Summary Reuters - 29 minutes ago News Search Top Stories Libya: live report Two US airmen shot dead at German airport Expressionism meets fashion on day two of Paris shows Kadhafi warns of bloodbath if West intervenes US growth 'modest to moderate': Fed More Top Stories » ADVERTISEMENT Most Popular Most Viewed Gold hits new record Libya: live report On the nose: Sharks are stunning navigators Global warming means more snowstorms: scientists 'Celebrity' WWI survivor to mark 110th birthday More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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