Directed Research_8_UAE_H
Article Title: Abu Dhabi purchases iconic New York skyscraper
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Investment council takes 90% stake in landmark tower, the Chrysler Building.
:::::::OLD NEWS::::::::
• The Abu Dhabi Investment Council pays $800 million for a 90% share of the Chrysler building.
:::::::DUBAI’S PURCHASING POWER:::::::
• Investment fund Meraas Capital of Dubai paid $2.8 billion last month for the General Motors Building on Fifth Avenue.
• Dubai International Capital, said it has made a “substantial investment” in Sony.
• Dubai International Capital agrees to buy a $1.26 billion stake in Och-Ziff Capital Management Group.
• Dubai has announced the purchase of the British ocean liner RMS Queen Elizabeth 2 from Cunard Line for US$100 million, for conversion into a luxury floating hotel.
• Dubai Aerospace Enterprise announced a firm order Tuesday to buy 100 Airbus planes worth $12.6 billion for its leasing operations.
“There’s nothing subtle about Dubai. Its crowded, smoggy skyline is part Miami, part Las Vegas, and all new.”
Tags: Abu Dhabi, Chrysler Building, Dubai, General motors, Sony