Abu Dhabi: Rising Power

To track Barack Obama's path through the Middle East in recent days was to stick a pin in the region's bloodiest spots: Iraq, Israel and the Palestinian territories. But another Middle East was also on show this past week, and it is a place — a new world, actually — that is overflowing with wealth, confidence and ambition.

On July 22, General Electric announced a string of deals with the Mubadala Development Company, a government-controlled investment fund in the tiny Persian Gulf emirate of Abu Dhabi. Among other things, GE and Mubadala pledged to invest $8 billion in...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!