- - Sunday, March 25, 2012

UAE

Abu Dhabi seeks bidders for planned Louvre branch

DUBAI | The developer of a branch of the Louvre in Abu Dhabi has begun a search for a contractor to build the museum following a series of delays.

The state-owned Tourism Development and Investment Company placed an ad in local newspapers Sunday seeking bidders to carry out the main construction work on the arm of the French art institution.

The Louvre is the first of several high-profile projects, including a branch of the Guggenheim, planned for the Emirati capital’s multibillion-dollar Saadiyat Island development. Its future was called into question when TDIC scrapped a major construction contract in October.

The company said in January it now aims to open the Louvre branch in 2015, years later than previously planned.

CALIFORNIA

Indictment unsealed in Coliseum contracts probe

LOS ANGELES | A felony indictment unsealed Friday accused former executives and concert promoters of a scheme to embezzle millions of dollars from the historic Los Angeles Memorial Coliseum as the once venerable site of Olympics, Super Bowls and political events was reduced to hosting rave concerts.

The 29-count, grand jury indictment released by Los Angeles County prosecutors alleges bribery, embezzlement, conspiracy and conflict of interest. It names two former Coliseum executives, two rave promoters and two other Coliseum contractors.

It claims that millions of dollars were stolen from the operations of the stadium that has been a landmark since the 1920s.

IRAQ

Oil exports, revenues decline in February

BAGHDAD | Iraq’s oil ministry says oil exports in January have declined by nearly 4.5 percent compared with the previous month.

Sunday’s statement said last month’s oil exports averaged 2.0137 million barrels per day, down from an average of 2.107 million barrels per day in January.

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