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Source: articles.moneycentral.msn.com --- 28 days ago
HARTFORD, Conn. (AP) - General Electric Co. has agreed to a joint venture with an Abu Dhabi government Investment company that will pump $4 billion of outside capital into its weakened commercial finance business, part of new global partnership to expand on GE's fast-growing sales in the Middle East. ... Source: news.bbc.co.uk --- 29 days ago
General Electric seals a $8bn tie-up with an Abu Dhabi Investment firm to provide finance in the Middle East. ... Source: www.moreover.com --- 42 days ago
NEW YORK: An Abu Dhabi Investment fund has bought a big stake in New York City's landmark Chrysler Building. A spokeswoman for Prudential Financial Inc. ... Source: www.moreover.com --- 29 days ago
HARTFORD, Connecticut-General Electric Co. has agreed to a joint venture with an Abu Dhabi government Investment company that will pump $4 billion of outside capital into its weakened commercial finance business, part of new global partnership to expand ... Source: www.moreover.com --- 41 days ago
NEW YORK - The Associated Press An Abu Dhabi Investment fund has bought a 75 percent stake in the iconic Chrysler Building, one of the best-known landmarks on the New York City skyline, officials said Wednesday. ... Source: www.fark.com --- 42 days ago
Huffington Post ... Source: www.ameinfo.com --- 38 days ago
H.E. Khalifa Mohamed Al Kindi, Chairman of Abu Dhabi Investment Company (ADIC) announced today the appointment of Nazem Al Kudsi as Chief Executive Officer of ADIC, a leading Investment company based in Abu Dhabi, UAE. ... Source: www.moreover.com --- 28 days ago
China Post Jul 24 2008 5:29AM GMT ... Source: www.moreover.com --- 22 days ago
IranMania Jul 30 2008 4:58AM GMT ...
Source: www.baynews9.com --- 29 days ago
GE, Abu Dhabi government-owned Investment co. agree to partnership involving energy, finance ... Source: www.lloydslist.com --- 51 days ago
Abu Dhabi Investment Co has won an Appeal Court case to increase the scope of its damages claim in a legal battle involving alleged misrepresentation over a series of containerships operated by the former Norasia. ... Source: www.bignewsnetwork.com --- 38 days ago
Abu Dhabi University (ADU) today announced that it has signed a Memorandum of Understanding (MoU) with the Securities and Investment Institute (SII) to meet the professional training and development n... ...
Source: mathaba.net --- 11 days ago
more... | PDA ... Source: www.zawya.com --- 10 days ago
(Arabic) Talks between German Daimler automaker and Abu Dhabi Investment Authority have begun. ... Source: www.zawya.com --- 10 days ago
The Qatar and Oman Investment Company (QOIC), as part of a short term strategic plan, has picked up 5m shares in Abu Dhabi's Siraj National Bank. The figure amounts to five percent of the bank's total shares. ... Source: www.zawya.com --- 39 days ago
H.E. Khalifa Mohamed Al Kindi, Chairman of Abu Dhabi Investment Company (ADIC) announced today the appointment of Nazem Al Kudsi as Chief Executive Officer of ADIC, a leading Investment company based in Abu Dhabi, UAE. ... Source: www.pionline.com --- 29 days ago
... Source: www.topix.com --- 13 days ago
Abu Dhabi, the largest sheikhdom in the United Arab Emirates and owner of the world's fifth-biggest oil reserves, will spend $20 billion to raise crude production by 30 percent in the next two years. ... Find more results for Abu Dhabi Investment on RSSMicro.com |
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Filed under: General Electric (GE) , Middle East Bloomberg News reports that General Electric Co. (NYSE: GE ) has cut a deal with Mubadala Development Co., a fund owned by the government of Abu Dhabi, which will yield $8 billion in capital to invest in financial services assets in the Middle East. Mubadala also plans to become one of the 10 biggest investors in GE stock through open market purchases. Depending on which assets they buy, this could be good news for long-suffering GE shareholders. Bloomberg reports that GE and Mubadala will each contribute "$4 billion in equity over three years to the fund, aiming to reach $40 billion in assets." But today's partnership is more modest. Bloomberg reports that GE will also invest "$50 million in Masdar's Clean Tech fund, while Mubadala will invest $200 million in GE Industrial Investment Partners, a new program to provide development money to health-care, energy and transportation industries." The benefit for shareholders will be longer term, if at all. That's because GE did not change its forecast for 2008 as a result of the announcement -- in April GE CEO Jeff Immelt predicted earnings may rise "zero to 5 percent, to $2.20 to $2.30 a share in 2008." At this point, it looks like GE's biggest earnings growth opportunity is in the oil rich regions of the world and those developing nations, like China and India, where that oil is being consumed. Today's deal looks like it will increase G ...
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