Oil-Rich UAE Buys Distressed East 46th Street Site

The United Arab Emirates has dropped a princely sum on a stalled development site in midtown east.

In an odd denouement to a development story that began in 2007,  the Middle Eastern nation has paid $44.7 million to take the property at 313-317 East 46th Street, between First and Second avenues, off the hands of seller Read More

The Abu Dhabi Experiment

ABU DHABI—By 8 a.m. on a September morning in Abu Dhabi, the sun is already so strong that if you forget to put on your sunglasses before you step outside, your eyes start to tear up and you sneeze from the sheer burnt whiteness of the light. By midday, the flat landscape is bright beyond Read More

Bush Puts Port Safety In Some Dubious Hands

When Washington politicians protest the purchase of American port facilities by an Arab company, it is natural to suspect prejudice or protectionism or both. When normally supine Republicans such as Bill Frist and Peter King defy the Bush administration to join Democrats like Hillary Rodham Clinton and Charles Schumer, the smell of election-year opportunism is Read More

Myrick to Bush: Hell No

A reader writes in to point out a letter sent to President Bush today by republican congresswoman Sue Myrick of North Carolina.

Myrick writes, “In regards to selling American ports to the United Arab Emirates, not just NO—but HELL NO!”

—Nicole Brydson