We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

THE ECONOMY - INTERNATIONAL INVESTMENTS

Emirates starts development of US$69m Wolgan Valley Resort

Posted on 22/11/2007

Emirates on Wednesday started the development of the US$69 million Wolgan Valley Resort & Spa in Australia's Blue Mountains, a project that will see the transformation of 4,000 acres of distressed farming land into a high-value conservation site. Yesterday's ceremony marked the beginning of Emirates' first resort project outside Dubai. The resort is the second conservation focused property in the expanding portfolio of Emirates Hotels & Resorts - the hospitality division of the airline. ...  >>MORE

Khalifa establishes UAE Investment Authority

Posted on 14/11/2007

A new investment body called the UAE Investment Authority to support the federal budget has been established. President His Highness Sheikh Khalifa Bin Zayed Al Nahyan on Tuesday issued a federal law establishing the UAE Investment Authority to manage assets of the federal government. The law stipulates that the newly-established entity will be the sole authority responsible for investing surplus funds of the federal government. It will also take part in drawing up the policy for such ...  >>MORE

DIFC buys stake in Empire Aviation

Posted on 11/11/2007

Dubai International Financial Centre Investments and Zabeel Investments have signed an agreement to acquire an unspecified strategic stake in Empire Aviation Group (EAG).EAG is a general business aviation company, founded in the UAE in 2007 to manage the regional aviation interests of the Emirates Investments Group. EAG recently signed a distributor agreement with Hawker Beechcraft Corporation for aircraft sales and support in the GCC and Pakistan through its Empire Aircraft Sales subsidiary. ...  >>MORE

Dubai World completes raising US$ 5b loan facility

Posted on 20/10/2007

Dubai World Corporation announced that it had completed yesterday its debut syndicated fundraising of US$ 5.0 billion in loans through a syndicate of three major European banks to fund part of its global acquisitions and investments, as well as for general corporate purposes. Due to overwhelming demand from the market, Dubai World Corporation is pleased to announce that it has elected to increase the total facility size to US$ 5 billion from an initial launch amount of US$ 2.7 Billion. The ...  >>MORE

Jafza acquires 5.260m sq meters land for logistics park in US

Posted on 10/10/2007

In its first investment ever in North America, Jafza International, the global free zone operations arm of Economic Zones World has acquired around 5.260 million square meters (1,300 acres) of land in Orangeburg County, South Carolina, USA, to set up a world-class logistics and business park comprising light manufacturing, warehousing, and distribution facilities. With total investment of around US$600 million, Jafza aim to transform Orangeburg into a major logistical hub in the United States, ...  >>MORE

Dubai World hopes to pen US$5 billion Malaysian deal with MMC

Posted on 09/10/2007

Dubai World and MMC Corporation Berhad signed an MOU here in Dubai on 24 September 2007 to develop a maritime centre master plan for areas in South Johor, including MMC's 2,255-acre (9.125 million square meters) landbank in Tanjung Bin in South Johor, Malaysia. In a statement released yesterday in Dubai, Dubai World Chairman Sultan Ahmed Bin Sulayem said: "We are extremely optimistic about the USD5bn maritime centre to be jointly developed with our partner, MMC, leading utilities and ...  >>MORE

DP World to invest Dh2.6b in Senegal

Posted on 09/10/2007

DP World said yesterday it will invest 500 million euros (Dh2.6 billion) in Senegal's port facilities, 25 per cent more than what it pledged when it won a concession from the Senegalese government in June. The company has signed a formal accord to take over management of the existing Dakar container terminal at the end of this year, and develop a new one at Port du Futur, which is expected to be operational by early 2011. DP World said in a statement it will contribute more than 500 million ...  >>MORE

Emaar to develop projects in Algeria worth Dh73b

Posted on 04/10/2007

Emaar Properties, which is building the world's tallest tower Burj Dubai, yesterday announced the development of four mixed-use projects in Algeria worth Dh73 billion. These include the New City of Sidi Abdellah; a tourist resort at Colonel Abbes; a waterfront development by Algiers Bay and a modern healthcare city at Staouali County. These projects mark the company's biggest involvement in North Africa - a region where Emaar has the biggest project footprint. Emaar's biggest international ...  >>MORE

Dubai World plans Rwanda package

Posted on 02/10/2007

Dubai World, an investment holding entity for the emirate, said yesterday it will invest US$230 million (Dh844 million) in Rwanda, giving a boost to the African nation's efforts to recover from the turmoil of the past decade. Its investment arm Istithmar Real Estate, which is already working on tourism projects in South Africa and Zanzibar, will develop eight tourism facilities in Rwanda. These include a 150-room luxury hotel in the capital Kigali, a golf course development and lodges in areas ...  >>MORE

Abu Dhabi's Taqa to buy Primewest trust for C$5 billion

Posted on 25/09/2007

Calgary, Alberta - Abu Dhabi National National Energy Co TAQA.AD will buy Canada's Primewest Energy Trust PWI_u.N for C$5 billion in cash, Primewest said on Monday, as the state-controlled firm makes good on plans to turn its new Canadian unit into a major oil producer. In its biggest acquisition to date, Abu Dhabi National Energy, better known as Taqa, is offering C$26.75 per Primewest unit, a 30 percent premium to the units' closing price on Friday. ‘It's a pretty big value that's being ...  >>MORE

Mubadala to acquire 7.5% Stake in The Carlyle Group

Posted on 21/09/2007

Washington DC - The Carlyle Group and Mubadala Development Company yesterday announced a definitive agreement in which Carlyle will sell a 7.5 percent stake to an affiliate of Mubadala for US$1.35 billion in cash. The deal represents a 10% liquidity discount to the parties' agreed-upon US$20 billion firm valuation. The minority investment includes no associated voting rights and is subject to value-related protective rights. Mubadala also committed US$500 million to an investment fund managed ...  >>MORE

UAE to help Iraq obtain access to global investment

Posted on 30/08/2007

The UAE will play a major role in channelising regional and international private investments to Iraq, Sultan Bin Saeed Al Mansouri, UAE Minister of Development and Public Sector said yesterday. Addressing an Iraqi business delegation headed by Iraq's Vice-President Adel Abdul Mehdi, Al Mansouri said the UAE continues to have strong economic, political and cultural ties with Iraq and will help the nation develop its government and business infrastructure. "The UAE has a strong investment ...  >>MORE

Mubadala to lead consortium for $1.2b Malaysian landmark development

Posted on 30/08/2007

Mubadala Development Company (Mubadala) has announced that a Memorandum of Understanding (MOU) agreements were signed yesterday to develop the first integrated international city development in the Iskandar Development Region (IDR), referred to as Node 1. This partnership with leading blue-chip investors from the Gulf Cooperation Council (GCC) Countries is a major catalyst and a significant milestone in the development of IDR. ALDAR Properties PJSC, a leading Abu Dhabi-based developer, will ...  >>MORE

Rakia signs MoU with EIU

Posted on 27/08/2007

The Ras Al Khaimah Investment Authority - Rakia-has signed an MoU with the London-based Economist Intelligence Unit (EIU) to extend the Authority's pan-European FDI marketing campaign. The initiative will see Rakia and the EIU working to implement and manage a series of top-tier, invitation-only business conferences throughout Western Europe initially in London, Paris and Frankfurt. The move follows a successful pilot seminar of CEOs held in Tokyo recently. "Rakia has ambitious plans to ...  >>MORE

Dubai World to invest US$2.7 billion in City Centre in Las Vegas

Posted on 23/08/2007

Las Vegas - Dubai World and MGM MIRAGE (NYSE: MGM) today announced that they have signed definitive agreements to form a long-term strategic relationship whereby Dubai World will invest approximately US$5 billion in MGM MIRAGE consisting of a US$2.7 billion investment in CityCenter and up to US$2.4 billion in purchases of MGM MIRAGE common stock. The companies will enter into a 50/50 joint venture in the landmark City Centre development in Las Vegas and Dubai World will acquire a significant ...  >>MORE

Abu Dhabi Group invests in telecom

Posted on 22/08/2007

The venture capital arm of the Abu Dhabi Group has acquired a 50 per cent stake in Arvato Middle East Sales (AMES), the regional affiliate of Germany's Bertelsmann Arvato Mobile Middle East Group. The deal is part of Abu Dhabi Group's strategy to tap into the high growth telecom industry. AMES will bring to the regional market a full range of digital media services, designed to dominate the areas of mobile and PC entertainment in the Middle East, Africa, the subcontinent and selected Pacific ...  >>MORE

Taqa eyes acquisition in North America

Posted on 22/08/2007

The Abu Dhabi National Energy Company (Taqa), a company with global interests, on Tuesday said it is eyeing a new acquisition in North America in the petroleum sector. Taqa said its board of directors met on Monday to discuss and approve the possible new acquisition. "This acquisition remains subject to agreeing acceptable terms and conditions with the seller and we will communicate any further developments in due course," Taqa said in a notice to the Abu Dhabi Securities Market, where it is ...  >>MORE

Dolphin loads its first cargo of condensate produced in Ras Laffan

Posted on 13/08/2007

Dolphin Energy Limited, a joint venture company comprising Abu Dhabi government's investment arm, Mubadala Development Company, Total of France and Occidental Petroleum of the United States, yesterday said it had successfully loaded its first-ever cargo of 500,000 barrels of condensate, produced from its natural gas processing plant at Ras Laffan, Qatar. Dolphin Energy, however, did not disclose where the cargo was headed."Our customers are all signed up. When we reach full production early ...  >>MORE

Istithmar wins the battle to acquire retailer Barneys

Posted on 10/08/2007

Japan's Fast Retailing yesterday backed out of the bidding war over Barneys New York, paving way for Istithmar to acquire the luxury retail chain from Jones Apparel Group for US$942.3 million (Dh3.4bn). On Wednesday, Jones accepted Istithmar's sweetened offer and gave Fast Retailing a day to raise its offer. "We won't make another proposal,” Fast Retailing spokesman Takashi Igarashi told Bloomberg yesterday. "The price we suggested was very different from what they had in mind,” he added. ...  >>MORE

Istithmar sweetens offer for Barneys chain to US$942.3m

Posted on 09/08/2007

Istithmar has increased its offer to buy Barneys New York chain by 4.7 per cent to US$942.3 million to rival a US$950 million counter-bid by Japan's Fast Retailing Company. Jones Apparel Group, the owner of Barneys, which first agreed to sell its wholly-owned subsidiary to Istithmar in June for US$825 million, accepted the amended offer yesterday. If Jones decides to terminate the new Istithmar agreement in order to accept a revised Fast offer, the US firm would be required to pay Istithmar a ...  >>MORE

Sama Dubai's 'Century City' in Tunisia costs TD18bn

Posted on 08/08/2007

Tunis - Sama Dubai, the international property investment arm of Dubai Holding, is investing 18 billion Tunisian Dinars in the construction on the Tunis southern lake of a new city covering 830 hectares, meant to reconcile the capital with its sea front through the construction of a marina, and to make it an international business, services and leisure centre, the Agence Tunis Afrique Presse (TAP) reported yesterday. Materializing President Zine El Abidine Ben Ali's vision for Tomorrow's ...  >>MORE

Istithmar raises bid for Barneys to $900 million

Posted on 06/08/2007

Istithmar, the Dubai-based private equity and alternative investment house, announced yesterday that it has revised its offer to acquire Barneys New York, the luxury retail chain, to $900 million. The government-owned firm was forced to increase its initial offer of $825 million, made in late June to the retail chain's owner Jones Apparel Group, to match an unsolicited offer put forward by the Japanese retailer, Fast Retailing Co. Ltd in early July. According to the company statement, ...  >>MORE

Istithmar plans spending up to US$2b on four deals

Posted on 25/07/2007

Dubai's Istithmar is working on four deals to invest up to US$2 billion and may still buy a controlling stake in a US$4 billion European media firm, the state-owned investment agency's chief executive said on Monday. Istithmar, which bought the luxury cruise ship Queen Elizabeth 2 and a stake in Standard Chartered, first said it was looking for a European media purchase last year. The deal was now on "life support" but had not been completely ruled out, said Istithmar chief executive David ...  >>MORE

Dubai World focuses on Philippines

Posted on 15/07/2007

Dubai World, the holding company for Nakheel, DP World and several other Dubai entities, is looking for potential projects in the Philippines. Dubai World chairman Sultan Ahmad Bin Sulayem held talks with Philippines President Gloria Macapagal Arroyo on Friday to explore investment opportunities. The talks covered Dubai World's interest in exploring investment in the Philippines in areas of ports, free trade zones, property development and the hospitality sector, according to a company ...  >>MORE

Emaar Misr unveils Cairo Gate

Posted on 12/07/2007

Cairo - Emaar Misr for Development S.A.E, the wholly-owned subsidiary of Emaar Properties PJSC, has announced Cairo Gate, the largest lifestyle and entertainment mall to be developed in Egypt, at the EGP 4 billion (Dh 2.58 billion, USUS$700 million) Cairo-Alexandria Desert Road project, Emaar's mixed-use development spread over 160 acres (670,000 square metres). Phase 1 of the mall, with a gross leasable area of 250,000 square metres located near the Sheikh Zayed Residential development, 6 ...  >>MORE

Mubadala says not in race to buy Jaguar, Land Rover

Posted on 02/07/2007

Abu Dhabi's Mubadala Development Company on Sunday denied a British newspaper report that it is looking to acquire Jaguar and Land Rover, the luxury British car brands of US automaker Ford. The Observer newspaper reported the Dubai government's private equity vehicle Dubai International Capital and Mubadala "have instructed their financial advisers to draw up plans for bidding for one or both of the companies." The newspaper did not say where it got the information. "That is not true," ...  >>MORE

Emirates Investments Group seeks opportunities in Moscow

Posted on 28/06/2007

With the substantial growth currently being witnessed in the Russian economy, casting a favourable light on Russian private institutional sectors, the Russian private sector is seeking the foreign resources with which to implement its ambitious plans. Sheikh Tariq Al Qasimi, Chairman of Emirates Investments Group (EIG), met with the Deputy Mayor of Moscow, Ordzhonikidze Iosif, to discuss investment opportunities in the private and public sectors in Russia, and specifically in the Moscow ...  >>MORE

Istithmar sees great growth future in Asia

Posted on 28/06/2007

Istithmar Real Estate is not looking at buying more assets in London and wants to reduce its holdings in New York in favour of more assets in other major US cities, its head said yesterday. Instead, the private equity property investor sees the greatest growth potential in Asia, where about five per cent of its US$8 billion (Dh29.3bn) global portfolio is situated. Earlier in the day, sister company Istithmar Hotels said it would take an 80 per cent stake in a US$130 million (Dh477m) Bangkok ...  >>MORE

Istithmar starts work on Morocco resort

Posted on 26/06/2007

Dubai World investment firm Istithmar said yesterday it has started work on its US$350 million (Dh1.28 billion) resort development in Morocco as the company hunts for assets in key tourist destinations. Istithmar and luxury resort operator Kerzner International have 50 per cent stake in the venture with the rest being held by Moroccan companies. The Mazagan Resort, to be managed by Kerzner, will include a 500-room five-star hotel, a golf club and 150 private residential villas. The resort is ...  >>MORE

Istithmar set to pay Dh3bn for Barneys

Posted on 23/06/2007

Istithmar, the investment arm of Dubai World, is likely to announce a $825 million (Dh3.02bn) deal today to acquire Barneys, a New York luxury department store chain owned by Jones Apparel Group, according to a New York Times report published yesterday quoting sources close to the deal. Istithmar officials were not available for comment. The price negotiated is more than double the $400m (Dh1.46bn) that Jones Apparel paid for Barneys several years ago, the paper said. Istithmar is expected ...  >>MORE

Mubadala signs MoU with Boeing

Posted on 19/06/2007

Paris - Mubadala Development Company (Mubadala), a strategic investment and development vehicle established and wholly-owned by the Government of the Emirate of Abu Dhabi, yesterday signed a Memorandum of Understanding (MOU) with The Boeing Company to forge an alliance to further the emirate's emerging aerospace strategy. The MOU was signed at the Paris air show by Waleed Al Mokarrab Al Muhairi, COO of Mubadala, and the leaders of the aerospace giant's two biggest business units, Jim ...  >>MORE

Istithmar close to Barneys deal

Posted on 14/06/2007

Istithmar, a Dubai government-owned private equity firm, is close to acquiring Barneys, a New York luxury department store chain owned by Jones Apparel Group for US$950 million, according to a New York Post report. Istithmar officials did not confirm or deny the news. "We do not want comment," David Jackson, Istithmar's CEO, told Gulf News yesterday. Jones Apparel Group has been in talks with potential suitors over the past several months. A final deal with Istithmar is expected late this ...  >>MORE

UAE-Qatar set up Dh 3.7 billion investment company

Posted on 13/06/2007

The UAE and Qatar signed yesterday an agreement for establishing a joint investment company with a total capital of Dh 3.7 billion. Vice President, Prime Minister and ruler of Dubai H.H. Sheikh Mohammed bin Rashid Al Maktoum and his guest Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jasim bin Jabr Al Thani, attended the signing ceremony. Mohammed bin Abdullah Al Gergawi, Minister of State for Cabinet Affairs, who inked the agreement with Dr. Hussein Al Abdullah, Director of ...  >>MORE

DI sets up Dh500m firm in Fujairah

Posted on 13/06/2007

Dubai Investments (DI) has announced that it has partnered with the Fujairah Investment Establishment (FIE), the investment arm of the Fujairah Government, to launch Al Taif Investments, an investment company based in Fujairah. Al Taif Investments will begin operations this month with a capital of Dh500 million. DI has acquired a stake of 60 per cent in the venture, with the rest owned by FIE. The company, which will begin by investing in real estate and industry ventures, also plans to ...  >>MORE

Mubadala, CapitaLand sign JV to create a landmark real estate development in Abu Dhabi

Posted on 12/06/2007

Singapore – UAE's Mubadala Development Company (Mubadala) and Singapore's CapitaLand have signed a Joint Venture Agreement to set up an integrated real estate development company. The announcement of the new JV follows closely the launch of the Abu Dhabi. Singapore Business Forum. Using the resources and expertise of both partners, the JV company will develop and manage a prime integrated real estate development in the heart of Abu Dhabi - the capital of the UAE - comprising residential, ...  >>MORE

Taqa buys Canadian Oil exploration firm

Posted on 30/05/2007

The Abu Dhabi National Energy Company (ADSM: TAQA) announced yesterday the purchase of Northrock Resources Ltd, a subsidiary of the US firm Pogo Producing Company (NYSE: PPP) for USUS$2 billion. When finalized, the deal will provide TAQA with an additional 142 million barrels of proven oil and gas reserves, over 37,000 boe/d (gross) and a best-in-class exploration and production team. Calgary based Northrock Resources Ltd. ("Northrock") is a Canadian oil and gas exploration company with ...  >>MORE

Bahrain and UAE firms launch two crude oil funds worth US$150m

Posted on 28/05/2007

Bahrain-based Islamic investment bank Gulf Finance House (GFH) and Abu Dhabi Investment House (ADIH) yesterday announced the launch of two Sharia-compliant crude oil funds that will enable investors to benefit from price movements of crude oil over a two-year investment period. Both GFH (as lead manager) and ADIH (as co-manager) will be investment managers and placement agents. Hetco Advisory Services UK Limited has advised on the structuring and will provide market research. "Enhanced ...  >>MORE

Dubai Ventures buys 5% stake in India's largest hotel company

Posted on 27/05/2007

Dubai Ventures, a subsidiary of Dubai Investment Group, yesterday signed an agreement for an equity investment of 40 million US dollars, approximately five per cent, stake in Bharat Hotels Ltd., India's largest and fastest growing privately-held hotel company. Bharat Hotels, which operates under 'The Grand' banner, currently has a portfolio of eight luxury, five-star deluxe hotels as well as six hotels under construction. Dubai Ventures is the equity investment arm of Dubai Investment Group ...  >>MORE

Emaar Turkey unveils Tuscan Valley Houses

Posted on 27/05/2007

Emaar Turkey, the country-subsidiary of Emaar Properties, is unveiling its pioneering residential master-planned project, Tuscan Valley Houses, at a special preview and country seminar in Dubai. A preview of the project located in Buyukcekmece will be made at an event at The Old Town Sales Centre on Monday and Tuesday. Amlak Finance is offering home finance options to investors. The US$700 million Tuscan Valley Houses marks Emaar's entry into the Turkish market, and will replicate the ...  >>MORE

Dubai sets up Dh1 billion Deira Investment Company

Posted on 22/05/2007

Seoul - H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in his capacity as Ruler of Dubai, has given the directives for the establishment of a private joint stock company with an initial capital of one billion dirhams. Sheikh Ahmed bin Saeed Al Maktoum, will head the new company named Deira Investment, while Major General Rashid Al Fattan and Abdullah Ahmed Al Habbai have been appointed as the new company's Board Chairman and Deputy Board ...  >>MORE

Abu Dhabi Investment Authority accumulates an 8 per cent stake in EFG-Hermes Holding

Posted on 22/05/2007

The Abu Dhabi Investment Authority (ADIA), one of the leading investment institutions in the world, has accumulated an 8 per cent stake in regional investment bank EFG-Hermes. The deal gives ADIA a seat on EFG-Hermes Holding's Board of Directors, and further institutionalises the EFG-Hermes shareholder base. Over the last twelve months EFG-Hermes has seen impressive regional growth and continued positive financial performance. Driven by diversification of services into retail products and ...  >>MORE

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19

RETURN TO TOP | WAM UP TO THE MINUTE NEWS

Quick List

Emirates starts development of US$69m Wolgan Valley Resort


Khalifa establishes UAE Investment Authority


DIFC buys stake in Empire Aviation


Dubai World completes raising US$ 5b loan facility


Jafza acquires 5.260m sq meters land for logistics park in US


Dubai World hopes to pen US$5 billion Malaysian deal with MMC


DP World to invest Dh2.6b in Senegal


Emaar to develop projects in Algeria worth Dh73b


Dubai World plans Rwanda package


Abu Dhabi's Taqa to buy Primewest trust for C$5 billion


Mubadala to acquire 7.5% Stake in The Carlyle Group


UAE to help Iraq obtain access to global investment


Mubadala to lead consortium for $1.2b Malaysian landmark development


Rakia signs MoU with EIU


Dubai World to invest US$2.7 billion in City Centre in Las Vegas


Abu Dhabi Group invests in telecom


Taqa eyes acquisition in North America


Dolphin loads its first cargo of condensate produced in Ras Laffan


Istithmar wins the battle to acquire retailer Barneys


Istithmar sweetens offer for Barneys chain to US$942.3m


Sama Dubai's 'Century City' in Tunisia costs TD18bn


Istithmar raises bid for Barneys to $900 million


Istithmar plans spending up to US$2b on four deals


Dubai World focuses on Philippines


Emaar Misr unveils Cairo Gate


Mubadala says not in race to buy Jaguar, Land Rover


Emirates Investments Group seeks opportunities in Moscow


Istithmar sees great growth future in Asia


Istithmar starts work on Morocco resort


Istithmar set to pay Dh3bn for Barneys


Mubadala signs MoU with Boeing


Istithmar close to Barneys deal


UAE-Qatar set up Dh 3.7 billion investment company


DI sets up Dh500m firm in Fujairah


Mubadala, CapitaLand sign JV to create a landmark real estate development in Abu Dhabi


Taqa buys Canadian Oil exploration firm


Bahrain and UAE firms launch two crude oil funds worth US$150m


Dubai Ventures buys 5% stake in India's largest hotel company


Emaar Turkey unveils Tuscan Valley Houses


Dubai sets up Dh1 billion Deira Investment Company


Abu Dhabi Investment Authority accumulates an 8 per cent stake in EFG-Hermes Holding