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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - INTERNATIONAL INVESTMENTS
 Dubai's Zabeel Investments eyes Charlton Athletic football club
Posted on 12/10/2008
Dubai's Zabeel Investments has offered to acquire prestigious English football club Charlton Athletic.
Zabeel had been looking at an opportunity to invest in a leading English football club and had been monitoring the situation at Charlton Athletic closely, the club said on its website on Friday.
The board of Charlton Athletic said the indicative cash offer is subject to a number of preconditions however "it is at a level at which, should the offer be made formally to shareholders, the board
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 London to host Abu Dhabi Investment Forum on Oct. 28
Posted on 10/10/2008
The Department of Planning and Economy (DPE) in Abu Dhabi is organising the Abu Dhabi Investment Forum to be held in London on Oct. 28, 2008. The Forum will be a one-day event involving more than 150 international investors, Abu Dhabi's key industry leaders, financial intermediaries and top-level policy makers.
The event will be held under patronage of Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces HH General Sheikh Mohamed bin Zayed Al Nahyan.
In a press
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![]() Abu Dhabi investors to pioneer Baghdad projects
Posted on 08/10/2008
Abu Dhabi firms pledged to inject hundreds of millions of dollars into Iraq's telecoms and property markets, on a day when Baghdad received a surprise visit from Sheikh Mohammed bin Zayed, the Crown Prince of Abu Dhabi.
The flurry of new deals comes after the Government announced in July that it would forgive a US$7 billion (Dh25.7bn) debt owed to it by Iraq, a hangover from the Saddam era.
In light of a vastly improved security situation in Iraq over the past six months, a consortium of Abu
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 Majid Al Futtaim Group announces US$1 billion investment in 'New Damascus", Syria
Posted on 05/10/2008
UAE's Majid Al Futtaim Group has announced plans to invest an initial US$ 1 billion to build Syria's largest ever mixed-use development.
A press release by the region's premier developer of shopping malls said the development is strategically located in a residential part of Damascus, known as 'New Damascus' where plans are in place to build a landmark master-planned development, which will serve as a new 'town centre' for local residents.
The project's site, located in the Sabboura Yafour
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 Adih signs MoU with Chinese firm to acquire projects worth US$6bn
Posted on 01/10/2008
Abu Dhabi Investment House (Adih) announced yesterday on the company website that it signed a Memorandum of Understand (MoU) with major Chinese construction firm, Shanghai Construction (SCAC) (Asia). The signed MoU is designed to establish a 50-50 joint venture to acquire up to 16 real estate projects across China worth US$6 billion (Dh22bn).
Rashad Janahi, Managing Director and Board Member, Adih, said: "The signing of this MoU signifies Adih's commitment to be part of successful projects
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 Dubai Investments expects double profit in third quarter
Posted on 30/09/2008
Dubai Investments Company, the UAE's largest diversified holding firm by market value, expects profit in the third quarter to more than double on the private placement of one of its units and property sales.
Chief Executive Khalid bin Kalban said the group was planning to expand its real estate business by buying land in Saudi Arabia and said its glass unit planned acquisitions in the kingdom and the UAE.
"We expect profit for the third quarter to be between Dh650 million and Dh700m," Kalban
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 Dubai Group acquires 51% stake in Bahrain's Acacia for US$76.9m
Posted on 29/09/2008
Dubai Group has paid US$76.9 million (Dh282.83 million) for a 51 per cent stake in Bahrain's Acacia Real Estate Ltd. to expand across the region.
Dubai Ventures Group, a unit of Dubai Group, acquired the stake to gain access to Acacia's property deals, knowledge in structuring real-estate financial products as well as a network of partners across developed markets, Dubai Group said on Sunday in an e-mailed statement. TAIB Bank EC is Acacia's founding shareholder.
Acacia, founded in December
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 Aldar and Millennium to develop financial district in Malaysia
Posted on 25/09/2008
Aldar Properties and Millennium Development International will lead the development of the new multi-billion dollar Iskandar Financial District (IFD), located in the southernmost tip of Malaysia, adjacent to Singapore.
The development will be undertaken on behalf of Global Capital, an investment entity representing prominent Gulf and Malaysian Investors.
As the lead investor in Medini Iskandar, Global Capital - made up of a Mubadala consortium of investors that includes Aldar, Malaysia
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 Mubadala acquires 50% stake in Kor
Posted on 24/09/2008
California-based Kor Hotel Group and Mubadala Development Company (Mubadala), a business development and investment company headquartered in Abu Dhabi, announced the formation of a strategic partnership through Mubadala's acquisition of fifty-percent of Kor Hotel Group.
The agreement will focus on aggressive global expansion of The Tides and Viceroy brands in key gateway cities and top resort destinations.
"Kor's Viceroy and Tides brands have a reputation for fine luxury, avant-garde design,
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![]() Abu Dhabi wealth fund eyes U.S. bargains
Posted on 23/09/2008
Abu Dhabi Investment Company (ADIC) is considering acquiring U.S. assets that are looking attractive due to financial turmoil and the surging dollar, the state-owned group's chief executive told Reuters.
But ADIC, flush with cash from oil revenues, will be cautious about investing in Europe where regulators are not as active as in the United States in containing the crisis, he said.
"We think U.S. assets are getting very very attractive vis-a-vis other G7 assets," Nazem Al Kudsi said in a
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 Abu Dhabi's IPIC eyes Mediterranean investments
Posted on 23/09/2008
Abu Dhabi government-owned International Petroleum Investment Co (IPIC) discussed in a meeting late on Sunday potential investment opportunities in North Africa and the Mediterranean region.
IPIC, which told Reuters earlier this month that it was aiming to double its investment portfolio to US$40 billion in the next five years, did not give details of planned acquisitions.
"The board looked at the first half results of the company and the implementation of its projects as well as the
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 TAQA to invest US$2-2.5b into North Sea E&P Business
Posted on 23/09/2008
Abu Dhabi National Energy Company (TAQA) plans to invest US$2-2.5 billion over next 4-5 years to increase its production and buy oil and gas reserves in the north sea.
"At present, we have oil and gas assets worth US$5 billion in the north sea, which we intend to expand to US$20 billion by 2016”, said Peter Barker-Homek, chief executive officer of TAQA while talking to reporters on Monday.
He said that TAQA's investment aims at increasing the offshore oil output by 50 per cent to 82000 by
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 Dubai World pulls out of Russian OGK-1 deal-source
Posted on 23/09/2008
The Dubai government's sovereign wealth fund, Dubai World, has pulled out of a US$5.3 billion deal to buy control of Russian power firm OGK-1 due to poor market conditions, a source close to the deal said on Monday.
"The investor (Dubai World) is not ready to put in money under the market conditions we're seeing now," the source said.
Dubai World spokeswoman Sana Maadad said the company, which guaranteed US$100 million in July towards the acquisition of the electricity generator, could not
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 Dubai Group to acquire up to 18 per cent
stake in Citigold Corporation
Posted on 23/09/2008
Dubai Group announced on Monday that it intends to acquire up to 18 per cent stake in Citigold Corporation Limited (Citigold). The placement will make Dubai Group a strategic investor on Citigold's share register.
The investment, which was made through its subsidiary Dubai Ventures Group, marks Dubai Group's entry into the Australian market.
Citigold, listed on the Australian Stock Exchange (ASX) and the Dubai International Financial Exchange (DIFX), is a gold mining company with an
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![]() Dubai Group plans new fund for US and European markets
Posted on 21/09/2008
Dubai is moving quickly to seize opportunities created by the turmoil in the US real estate and banking sectors.
Financial services giant Dubai Group, part of Dubai Holding, is planning to launch a fund of funds in the first half of 2009 to invest in the US and European markets, said Chief Executive Tom Volpe.
"We're gearing ourselves up to expand our business in the US," he said. "The fund will invest in real estate and equity and will have a private equity component."
Dubai Group, whose
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