Abu Dhabi’s entertainment arm takes 10% stake in UFC
Wednesday, January 13th, 2010 Posted in JVs, Regional News, SWF | No Comments »Zuffla LLC's Ultimate Fighting Championship (UFC) is potentially a billion dollar-plus company, based on reported prior buyout offers of similar amounts. Abu Dhabi's 10% stake thus, while undisclosed, could be upwards of $100 million. UFC is the largest grossing PPV ...
Abu Dhabi extends $10B lifeline to Dubai
Tuesday, December 15th, 2009 Posted in Islamic Finance, Markets, Regional News, SWF | No Comments »The Dubai Exchange rallied 10.4 percent yesterday in the wake of a $10 billion credit line from Abu Dhabi, coagulating some of the recent hemorrhaging. A portion of the funds will reportedly be used to meet a $4.1 billion bond payment owed by Nakheel--a real estate subsidiary ...
Sovereign wealth funds update: GCC $700B+
Friday, August 7th, 2009 Posted in SWF | No Comments »In a recent blog post at the Council on Foreign Relations, economist Brad Sester and a counterpart at Roubini Global Economics made their best estimate of the size of sovereign wealth funds (SWFs). The financial crisis of 2008 put ...
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 ...
Abu Dhabi-Daimler: cash is king, green is good
Tuesday, March 24th, 2009 Posted in Industrial investment, SWF | No Comments »If not for U.S. Treasury Secretary Geithner's latest toxic asset rescue plan -- which actually finally tickled the stock market -- Abu Dhabi's Aabar Investments' $2.66B (9.1% stake) investment in Daimler AG would have been the headline of the day. ...
Qatar, Abu Dhabi banking on Barclays
Friday, October 31st, 2008 Posted in SWF | No Comments »Details below from MarketWatch, of an announcement by Barclays (UK: BARC) (NYSE: BCS) of an US$11.9B capital raising effort via convertible notes from Qatar Holdings, Sheikh Mansour Bin Zayed Al Nahyan, a member of the Abu Dhabi royal ...
Sovereign wealth funds retain interest in US market
Wednesday, October 29th, 2008 Posted in Markets, SWF | No Comments »As reported in a TradeFlow21 posting on September 29th, it was suggested that sovereign wealth funds may soon join a list of suitors seeking bargains among Wall Street's ruins. In an interview with the Financial Times published today, Deputy ...
ATIC chunks down for AMD foundry while Mubadala doubles down
Tuesday, October 7th, 2008 Posted in JVs, SWF | No Comments »Liquid Abu Dhabi investors to chip-maker AMD's rescue. The cost: $700M and $1.2B in assumed debt for Advanced Technology Investment Co. (ATIC) to acquire a sizable chunk in the JV (Foundry Co). ATIC is also said to have a ...
Wall Street crash may offer Gulf investors unparallelled access to U.S. markets
Monday, September 29th, 2008 Posted in Markets, News, SWF | No Comments »Though Gulf nations have certainly felt the aftershocks of Wall Street's crash, including the UAE, which had to pump billions into their public market to sustain liquidity levels, the region may soon join a growing list of institutional and sovereign suitors seeking bargains among the ruins. As the U.S. Congress ...
Gulf equities down, but not out, idiosyncrasies aside
Thursday, September 18th, 2008 Posted in Financial Services, Hedge Funds, Markets, SWF | No Comments »In consecutive days the FT has reported on the situation for equities in the Gulf region (see clipped excerpts below). In spite of the U.S. induced credit withdrawal felt around the world, the fact remains that the Gulf is ...
