UAE shoots for stars by acquiring stake in Branson’s space venture
Tuesday, August 4th, 2009 Posted in Defense, General, Industrial investment, Regional News | No Comments »Last week, the Financial Times reported that a UAE state-linked investment firm planned to acquire a 32 percent stake in Sir Richard Branson's civilian space venture, Virgin Galactic. Aabar investments will initially shell out $280 million, plus another $100 million ...
Cessna parent shares fly, regain some altitude on report of ME deal
Saturday, April 11th, 2009 Posted in Defense, SWF | No Comments »On Thursday, shares of Providence, Rhode Island-based Textron (NYSE: TXT) soared 49% to $13.56 on a report by a Kuwaiti newspaper that said investors from the UAE and Kuwait were eying a takeover at $21/share. Textron, the maker of Cessna ...
While OPEC searches for a floor, UAE concludes Patriot purchase
Monday, December 22nd, 2008 Posted in Defense, Oil | No Comments »On Wednesday of this past week, OPEC agreed to slash production of crude by 2.2 million barrels a day in a desperate attempt to find a floor. Its action had little effect as prices tumbled to under $34 on Friday, reflecting declining demand and rising inventories. Current market conditions did ...
Proposed $7B U.S. defense deal with UAE may signal a strategic shift in Middle East relations
Thursday, September 18th, 2008 Posted in Defense | No Comments »When the Bush administration announced last week the proposed sale of the $7 billion Terminal High Altitude Defense system (THAD) to the United Arab Emirates, some observers interpreted the deal as a necessary antidote to Iran's missile capabilities. Behind this ...
