The etymology of the name is a compound of two words, Abbott and Abad. Abbott refers to General Sir James Abbott, a British army officer after whom the city and the district are named. Abad means a place of living in Urdu. Note: Abad is also the old English spelling of the modern word Abode. Oh, yes. Before I forget:
Obama got Osama!
Monday morning update: This article by Juan Cole, Obama and the End of Al Qaeda offers a worthwhile retrospective.