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    Abu Dhabi bucking economic downturn - 24 Sep 08

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    Al Jazeera English

    by Al Jazeera English

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    While the United States staggers through a financial crisis, the contrast couldn't be bigger in Abu Dhabi, in the United Arab Emirates.

    It's now building the first ever branch of the Louvre on a man-made island, paying $520 million to the French museum for the right to use its name.

    A New York landmark is also now owned by Abu Dhabi. It spent $800 million buying a 75 per cent stake in the Chrysler Building back in July.

    And three weeks ago, it forked out around $370 million for a 90 per cent stake in English football club, Manchester City.

    From Abu Dhabi, Hashem Ahelbarra reports on the economy bucking the global trend.