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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
 UAE second largest Arab investor abroad
Posted on 04/01/2009
The UAE and its partners in the six-nation Gulf Cooperation Council (GCC) pumped more than US$63 billion (Dh231bn) during 2006-07 in foreign direct investment (FDI) to other markets to maintain their position as the top capital exporters in the Middle East, official figures showed yesterday.
The UAE emerged as the second largest Arab FDI investor after Kuwait, with an outward investment of more than US$17bn during that period, showed the figures by the Inter-Arab Investment Guarantee
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 ADIH partners with University of the Arts London
Posted on 22/12/2008
Abu Dhabi Investment House (ADIH) has announced that University of Arts London will join it as a consultant for developing a series of Style cities in Asian and African countries.
The Style City, named Porta Moda is a USD7 billion project that will seek to attract international brand names in the style, design of fashion, jewellery, furniture and luxury living from both academic and retail aspects to create style and design hubs in select emerging markets.
The Style City concept will be
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![]() RAK firm to acquire 24% stake in Nalco's smelter in Indonesia
Posted on 22/12/2008
The Ras Al Khaimah Minerals and Metals Investment Company (RMMI) yesterday said it will acquire a 24 per cent equity stake in the Indian National Aluminium Company (Nalco)'s new aluminium smelter in Indonesia.
Following Nalco's agreement with the Government of Indonesia to set up a smelter, Nalco signed a Memorandum of Understanding (MoU) with RMMI to leverage RMMI's existing coal mine operations and infrastructure to provide the coal energy for the plant and manage the logistics needed for
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 TAQA and RBS Sempra Commodities announce creation of TAQA Gen X joint venture
Posted on 11/12/2008
Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, and RBS Sempra Commodities, a leading commodity company, yesterday announced the creation of TAQA Gen X, a joint venture focused on investments in the downstream energy business in North America.
TAQA Gen X also announced its first investment today; an agreement to acquire from JPMorgan all of the outstanding equity interest in JPMorgan's indirect subsidiary BE Red Oak Holding LLC, which will result in the transfer of
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 Emaar may invest in Philippines' mining sector through JVs
Posted on 10/12/2008
Emaar Properties is looking at investing in the Philippines mining sector using controlling stakes in joint venture companies, a newspaper reported yesterday.
"There is a resurgence of development in the region, as China, India and even Japan require continued supply of minerals," the Philippine Daily Inquirer quoted Environment and Natural Resources Secretary Lito Atienza as saying. "We need to take advantage of this as we are in the centre of the region, near the markets for such minerals."
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 Mubadala signs deal in Kazakhstan
Posted on 06/12/2008
Almaty - Conoco-Phillips and the UAE's Mubadala Development will pay Kazakhstan a US$100 million signing bonus as part of a deal to buy a stake in a Kazakh offshore oil block, officials said.
Conoco and Mubadala agreed in October to buy 24.5 per cent each in a Caspian block known as "N" from Kazakh state energy firm KazMunaiGas, but have not given details of the deal.
"According to the agreement, our foreign partners will pay a signing bonus of US$100 million," KazMunaiGas chief executive
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 RAK firm owns all shares in Georgian port
Posted on 04/12/2008
Tbilisi - Georgia has sold the remaining 49 per cent of its Black Sea port of Poti to RAK Investment Authority of the UAE for US$65 million, its deputy minister Vakhtang Lezhava said on Wednesday.
"Now RAK Investment owns all the shares in the port," he said.
Earlier this year RAK Investment purchased the controlling 51 per cent stake in the port from the government for $90 million, plus a further 300 hectares of land in its vicinity. – Reuters
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![]() Chinese investors channel over US$ 36 million into Dubai real estate market in first three quarters of 2008
Posted on 01/12/2008
Chinese investors have channelled over US$ 36 million (Dh 132 million) into the real estate sector in Dubai in the first three quarters of 2008, according to REIDIN.com.
With the aim of highlighting the emergence of Chinese and other Asian investors, REIDIN.com has recently hosted a high-profile 'Investment Seminar' as a part of its participation at MIPIM Asia, the world's premier real estate summit. Charlie Nixon, Regional Manager Asia, REIDIN.com delivered a keynote presentation focusing on
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 Taqa acquires stake in US power plant
Posted on 25/11/2008
Abu Dhabi National Energy Company is poised to complete the acquisition of a majority stake worth just under US$1 billion (Dh3.68 billion) in a US based power plant within the coming 30 days, its chief executive said on Monday.
"This is a joint venture between three companies around a specific asset, a power plant," Peter Barker-Homek said. "We are the 85 per cent shareholder in the joint venture."
The company said its majority stake was part of its strategy to pick up distressed energy
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 ADIH launches fashion city project in Morocco and creates 8,000 jobs
Posted on 23/11/2008
Abu-Dhabi Investment House (ADIH) inaugurated in Morocco last week its first phase of a US$7 billion (Dh25.69 billion) project to build fashion cities in several parts of Asia and Africa.
The launch of the US$400 million Porta Moda Marrakesh project in the current international circumstances goes to show that ADIH's investments and plans are not affected by the global financial crisis, company executives stressed.
"First of all," Rashad Janahi, board member and managing director of ADIH
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 Dubai World cleared to up Mirage stake
Posted on 23/11/2008
Dubai World's intentions to increase its investment in MGM Mirage have been given a green signal, according to an official at Dubai World.
However, the executive added that it won't happen in near future, "or at least until market conditions warrant such a move".
Dubai World took over 9.4 per cent of MGM Mirage last year with an investment of US$6 billion (Dh22bn) and a 50 per cent interest in the US$9.1 billion City Center development, which is now under construction. Dubai World will
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![]() Abu Dhabi private equity fund to acquire OrasInvest
Posted on 21/11/2008
ADIC MENA Partners, LP, a private equity fund advised by ADIC PE Management LLC, a subsidiary of the Abu Dhabi Investment Company, has agreed, along with other investors, to purchase OrasInvest from Orascom Telecom Holding SAE (OTH), in a leveraged buyout worth US$180 million (Dh661.32 million).
OrasInvest, a telecom support company that focuses on mobile telecommunication tower construction, as well as other corporate services such as inventory management, packaging, delivery, and
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 Nakheel Hotels to pause in US investments
Posted on 16/11/2008
As Nakheel Hotels celebrated the opening of the Fontainebleau Miami Beach resort this weekend, Gulf News has learned that the company is planning a "pause" in US hotel investments as it eyes markets in Asia and the Middle East for its future developments.
Following the announcement in April that Nakheel Hotels had bought a 50 per cent stake in Florida's iconic Fountainebleau Miami Beach Hotel, the grand opening of the newly renovated resort was celebrated by dignitaries, businesspeople and a
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 Mubadala Infrastructure Partners announces first closing of regional fund
Posted on 11/11/2008
Mubadala Infrastructure Partners Ltd (MIP), a joint venture between Mubadala Development Company PJSC (Mubadala), GE and Credit Suisse announced yesterday the first closing of its regional infrastructure fund, Mubadala Infrastructure Partners ("the Fund") in the amount of US$ 300 million.
MIP, as the manager of the Fund, will invest in a range of infrastructure projects and assets in the Gulf Cooperation Council (GCC) countries, the Middle East and North Africa (MENA) region, and Turkey. The
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 DP World signs Algerian ports deal
Posted on 11/11/2008
The Algerian Government yesterday signed agreements, which will see DP World taking over the operation of the ports of Algiers and Djen-Djen.
The agreements were signed in Algiers in the presence of the Algerian Minister of Transport, Amar Tuo and Minister of Industry and Investment Promotions Abdelhamid Temmar and Dubai World and DP World Chairman Sultan Ahmed bin Sulayem and DP World Executive Vice-Chairman and Group CEO of Port and Free Zone World (P&FZ World) Jamal Majid bin Thaniah. Other
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