An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported Sunday.
Tags: Abu Dhabi
UAE's New Falcon 2 11B AI Model Set To Outperform Meta and OpenAI
The UAE's Falcon 2 11B AI model, developed by the Technology Innovation Institute from Abu Dhabi, is a strong contender against OpenAI and Meta.
France Commits $30 Million Fund For Protection Of Cultural Heritage Sites
France spearheads the efforts to prevent the destruction of cultural heritage sites by establishing a fund committed for the cause. France has allocated $30 million for the protection of historical sites endangered by militant attacks and wars. Supporters of the initiative plan to establish $100 million.
China and Image Abu Dhabi Is Involve In The $300 Million Film Fund Pact
China and Abu Dhabi had announced its partnership for a $300 million fund for Film and other fields of entertainment.
Saudi Aramco: World’s most valuable company to go public
Saudi Aramco, the Saudi Arabian oil company, has emerged as the most valuable company in the world. Talks about a potential public offering have created quite a stir in the stock market, as the investors wait for more details from the oil kingdom.
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Japanese aluminum buyers will mostly pay record high premiums of $420 per tonne over London Metal Exchange (LME) prices for October-December shipments, up 3-5 percent from the prior quarter, five sources directly involved in the talks said.
Dubai's Emaar Properties is seeking to raise as much as 5.8 billion dirhams ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008.
Emirates, Dubai's flagship airline, would not have trouble buying planes from Boeing Co (BA.N) even if the U.S. Congress fails to renew the U.S. Export-Import Bank's charter later this month, a senior company executive said on Friday.
Abu Dhabi's Waha Capital has entered into a $575 million hedging deal on half of its stake in AerCap Holdings, the Emirati investment company said on Wednesday.
Al Noor Hospitals Group announced it has shelled out an initial cash consideration of AED80 million ($21.8 million) to acquire Gulf International Cancer Centre (GICC) in Abu Dhabi.
Al Waha Capital, AerCap's largest shareholder with a 26.3% stake, is in favor of the Dutch aircraft leasing company's $5.4 billion acquisition of International Finance Corp. ILFC is owned by American International Group.
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is investing $250 million in Hines India Real Estate, the Indian unit of American property management firm Hines, according to a source familiar with the investment.
Texas-based national developer and investor Hunt Companies Inc announced the successful acquisition of Centerline Holding Company in a deal that increased Hunt's assets in management to USD24.8 billion.
GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.
