Abu Dhabi

France Commits $30 Million Fund For Protection Of Cultural Heritage Sites

France spearheads the efforts to prevent the destruction of cultural heritage sites by establishing a fund committed for the cause. France has allocated $30 million for the protection of historical sites endangered by militant attacks and wars. Supporters of the initiative plan to establish $100 million.

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$300 Million Fund in Partnership of China and Image Nation Abu Dhabi

China and Abu Dhabi had announced its partnership for a $300 million fund for Film and other fields of entertainment.

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Saudi Aramco, a company bigger than the Apple and Walmart combined

Saudi Aramco, the Saudi Arabian oil company, has emerged as the most valuable company in the world. Talks about a potential public offering have created quite a stir in the stock market, as the investors wait for more details from the oil kingdom.

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New Scotland Yard, storied London police headquarters, sold to Abu Dhabi investor

New Scotland Yard, the headquarters of London's storied police force and one of the British capital's most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.

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Merkel behind Air Berlin in Etihad control dispute: report

German Chancellor Angela Merkel is backing loss-making Air Berlin in a dispute over whether its Abu Dhabi-based partner Etihad is exercising too much control, Focus magazine reported on Saturday.

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Investor group aims to buy Adidas' Reebok unit

An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported Sunday.

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Japan fourth quarter aluminum premiums mostly set at record high $420 per tonne: sources

Japanese aluminum buyers will mostly pay record high premiums of $420 per tonne over London Metal Exchange (LME) prices for October-December shipments, up 3-5 percent from the prior quarter, five sources directly involved in the talks said.

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Dubai's Emaar looks to raise $1.58 billion from malls unit's IPO

Dubai's Emaar Properties is seeking to raise as much as 5.8 billion dirhams ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008.

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Emirates airline says Ex-Im Bank not critical for its plane financing

Emirates, Dubai's flagship airline, would not have trouble buying planes from Boeing Co (BA.N) even if the U.S. Congress fails to renew the U.S. Export-Import Bank's charter later this month, a senior company executive said on Friday.

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Abu Dhabi's Waha Capital in $575 mln hedging deal on half of AerCap stake

Abu Dhabi's Waha Capital has entered into a $575 million hedging deal on half of its stake in AerCap Holdings, the Emirati investment company said on Wednesday.

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Al Noor Hospitals Group acquires Gulf International Cancer Centre in Abu Dhabi

Al Noor Hospitals Group announced it has shelled out an initial cash consideration of AED80 million ($21.8 million) to acquire Gulf International Cancer Centre (GICC) in Abu Dhabi.

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AerCap's largest shareholder to vote in favor of $5.4 billion ILFC purchase

Al Waha Capital, AerCap's largest shareholder with a 26.3% stake, is in favor of the Dutch aircraft leasing company's $5.4 billion acquisition of International Finance Corp. ILFC is owned by American International Group.

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Abu Dhabi wealth fund to invest $250 million in Hines India Real Estate

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is investing $250 million in Hines India Real Estate, the Indian unit of American property management firm Hines, according to a source familiar with the investment.

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Hunt completes merger with Centerline Holding Company

Texas-based national developer and investor Hunt Companies Inc announced the successful acquisition of Centerline Holding Company in a deal that increased Hunt's assets in management to USD24.8 billion.

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South Korean firms enter into joint venture projects with Arabtec

GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.

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