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Abu Dhabi buys into NY landmark
One of New York's most famous landmarks, the Chrysler Building has got a new owner from middle east. This is not the first deal from a middle eastern business man but lately number of symbolic buildings in... Abu Dhabi fund buys NYC Chrysler building for $800m
Here's some good ol' fashioned wheeling and dealing for the Tech & Biz channel: earlier today, an investment fund controlled by the government of Abu Dhabi bought New York City's famous Chrysler Building for $800...MIT goes AbuDhabi Masdar green city
" Abu Dhabi's green ambitions don't end with the city. It has persuaded the Massachusetts Institute of Technology to create the Masdar Institute of Science and Technology, a graduate school and research institute...TURBO charged event set to give petrol heads a buzz in Abu Dhabi
"Abu Dhabi (ANTARA News/PRNewswire-AsiaNet) - The internationally acclaimed CMPi, is set to captivate car and bike enthusiasts from around the world with their recently announced festival; 'TURBO: For A Custom Nation'.'For avid motor enthusiasts looking to experience the very...Ultra wealthy families welcome to join the DIFC « Peter J. Cooper’s Weblog
" The DIFC Family Office was created to promote DIFC as an ideal domicile for family offices and is a further extension of the DIFC value proposition across businesses within the centre. The DIFC has now established an environment that combines a robust legal and regulatory...Abu Dhabi mounts $3bn Picasso exhibition and plans a cultural revolution « P...
" Picasso remains an enigma and Abu Dhabi wants to be seen as more than an oil reserve. Yet for most of Picasso’s life Abu Dhabi was a tiny village on the edge of the Persian Gulf with an impoverished population. As late as 1966 Sheikh Shakhbut was deposed because he...Warren Buffett, ADIA turn against the average hedge fund « Peter J. Cooper...
" Buffett’s logic appears to be that over time hedge fund fees will weigh so heavily on overall performance that the basket will under perform the market. By creating a fund-of-funds the focus is on average performance rather than the next George Soros, and it will be... Shaikh Nasser Bin Zayed Al Nahyan dies
The brother of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan died in a helicopter crash last night, and today began a three-day mourning period for Shaikh Nasser Bin Zayed Al Nahyan."The Ministry of... Revaluation urgently needed in the Gulf States « Peter J. Cooper’s Weblog
If even the US Treasury realizes that the status quo has to change then this ought to be a green light to GCC policymakers to find a face-saving compromise. It might be that the peg is kept until the planned currency union in 2010 but a coordinated series of revaluations is... US Treasury green light for Gulf currency revaluation « Peter J. Cooper’s ...
This is a highly significant report because it is widely believed that US opposition to revaluation is the only reason that it has not happened this year. Gulf countries are all running double-digit inflation, and wholly inappropriate low interest rate regimes due to the... Reporting on The National: setting new Gulf press standards « Peter J. Coope...
Let us just flick through today’s edition and look at what The National is getting right. I see proper news standards being applied to stories with reporters following up in depth and quoting original sources rather than lifting press releases off AME Info. India Backs Iran's Nuclear Program
"ABU DHABI: India on Monday backed Iran's "peaceful" nuclear programme and said New Delhi would continue its "significant" engagement with Tehran since the oil-rich nation is an important-role player in the Middle... UAE real estate boom good for local media including The National « Peter J. ...
Even Abu Dhabi’s new newspaper The National is well placed to pick up on the boom in real estate advertising. This week the Cityscape 2008 show hits the capital amid a blaze of publicity.Fed interest rate cuts will feed food inflation and Gulf real estate « Peter...
First came the US dot-com stock market bubble; then the US and global house price bubble; now food, energy and real estate in the Gulf States.UAE market scams typical sign of a booming economy « Peterjcooper’s Weblog
UAE hit by con-artists as oil boom mounts
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