Abu Dhabi-owned carrier Etihad Airways said on Thursday it has ordered two more Airbus A330-200Fs in a deal worth $423 million at list prices.

"We are strongly committed to building our presence in the cargo sector with the platform of Abu Dhabi as our hub to connect global trade lanes," Etihad Airways chief James Hogan said in a statement.

The state developer of an ambitious cultural district in Abu Dhabi on Wednesday outlined a new timetable for the stalled project, with its first attraction — a branch of the Louvre — slated now to open in 2015.

A division of the Guggenheim will follow in 2017, which like the outpost of the French art institution will make its debut in the Emirati capital years later than originally planned.

All eyes will be on the Gulf's booming airlines and how deeply they dig into their wallets when the Middle East's main airshow opens in Dubai next week, though few are expecting a flood of blockbuster deals.

That's because the region's heavyweights — Emirates, Qatar Airways and Etihad Airways — already boast long lists of planes on order designed to fatten their young fleets for years to come.

Ian Walker's Abu Dhabi Ocean Racing team looks set to rejoin the Volvo Ocean Race on Wednesday after the shore crew worked around the clock to repair their dismasted boat Azzam following a devastating first 24 hours in the world's toughest professional sailing event.

The 39,000-nautical mile, nine-month race claimed two victims on the first day after launching the opening leg between Alicante, Spain and Cape Town on Saturday with Walker's and Team Sanya representing China both forced to suspend racing.

The United Arab Emirates soccer player who became an Internet sensation this year when he scored a backheeled penalty kick was killed in a car accident.

Theyab Awana died when a car he was in collided with a truck late Sunday while on the way back to Abu Dhabi after national team training in Al Ain. He was 21.

Voters chosen by the rulers of the United Arab Emirates began casting their ballots on Saturday in only the second-ever polls to elect half of the members of the powerless Federal National Council.

Men dressed in traditional Emirati white gowns and women wearing black abaya cloaks trickled into a large polling center at a conventions complex in Dubai.

Stock markets in the Gulf, except Saudi Arabia, opened up on Sunday after a volatile week trailing the behavior of global markets hit by uncertainty over European and U.S. economic woes.

The Dubai Financial Market index continued its rise on Sunday after returning to the green in the latter part of last week.

It could have picked London or Hong Kong. Instead, the lingerie retailer that styles itself "the original sex symbol" chose the buttoned-down sheikdom of Abu Dhabi for the launch of its first international store.

Frederick's of Hollywood, famed for its curve-cinching corsets and provocative push-up bras, opened up to little fanfare in the Emirati capital last weekend. Another outpost offering the chain's racy lingerie is set to open soon up the road in more freewheeling Dubai.

Shoppers in the United Arab Emirates (UAE) are among the wealthiest and most discerning in the world. Most major malls in Dubai, for instance, feature couture retailers usually associated in the United States with upscale fashion districts. It is not an uncommon sight to see shoppers with several large shopping bags, loaded into a cart just as a family buying groceries would, only the purchases being Gucci shoes and Louis Vuitton handbags. According to Business Monitor International, U.S.$31 billion worth of retail sales are expected this year in the UAE, and will top U.S.$41 billion in less than five years.

As there is more total retail space supply in the country than its entire population -- according to retail surveys, an estimated 5.75 million square meters by the end of 2014, or 1.27 square meters of shopping space for every UAE resident -- online retail has struggled to find room. Because of concerns about fraud, 45% of UAE shoppers said they would not buy online, according to a survey this year by MasterCard.

Far away from the Caspian Sea, sturgeon is raised in ponds cooled in the heart of the Gulf desert of Abu Dhabi, carrying in their wombs a form of black gold strange to these countries -- caviar.

Production of the desert-grown caviar will begin later this year and by 2012, consumers in the oil-rich Gulf region will begin savoring the "food of the kings".