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...small district, but political analyst de Vera estimates Pacquiao will have to spend up to $2 million "to stand a chance of winning." That's nothing by the standards of U.S. elections, but a fortune in a rural backwater with only about 270,000 registered voters. Eric Pineda, one of the boxer's bewildering array of advisers, calls $2 million a "paltry" sum. Another adviser, Jeng Gacal, says "the sky's the limit" when it comes to election spending...
...body of Sheik Ahmed bin Zayed al-Nahayan, managing director of one of the world's largest sovereign wealth funds, was retrieved on Tuesday, fished out from a picturesque lake some 20 miles southeast of the Moroccan capital, Rabat, that his glider had crashed into five days before. The 41-year-old was the half-brother of Sheik Khalifa bin Zayed al-Nahayan, President of the United Arab Emirates and ruler of Abu Dhabi, the most influential - and with some 8% of the world's proven oil reserves - the wealthiest of the seven states that comprise the U.A.E...
...ADIA's managing director, Sheik Ahmed, who was the son of Sheika Mouza, another wife of Sheikh Zayed, held one of the few pillars of the oil-soaked emirate's economy not dominated by the powerful crown prince and his full brothers. Christopher M. Davidson, senior lecturer at Durham University and author of Abu Dhabi: Oil and Beyond, says that with Sheik Ahmed out of the picture, the crown prince and his brothers are likely to move on ADIA. "Then they will control virtually all of Abu Dhabi's economy," he says...
...there are elements within the family that may oppose them, including the President, who may want to place one of his two sons in the role. Sheik Ahmed had four full brothers, and they are also likely to try and keep the position among themselves. His eldest full brother, Sheik Saif, wields significant influence as the powerful Interior Minister...
Dubai's ruler, Sheik Mohammed bin Rashid al-Maktoum, might be pinning his hopes on his son-in-law Sheik Mansour, who is one of the Abu Dhabi crown prince's full brothers. Davidson says "there's no doubt" that he's the one member of the al-Nahayan clan that Dubai would like to see take charge. But Sheik Mansour already controls IPIC. Will he be given the reins of both of the emirate's massive kitties? It's improbable but not impossible, especially in a country where too much is never enough...