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Aabar to invest $2.65 bn in Daimler

Abu Dhabi's state investment fund, Aabar Investments, has decided to invest Euro1.95 billion($2.65 billion) in Daimler, which will make it the single biggest shareholder in the group, a joint......

For Richard Branson, the sky's the limit

Richard Branson is making headlines on three continents. The serial entrepreneur is selling Virgin Mobile USA to partner Sprint-Nextel well below its IPO price.But his latest mediocre performance......

AIG to sell its Swiss subsidiary

Troubled insurance giant American International Group will be selling its Swiss arm AIG Private Bank to an Abu Dhabi-based global investment firm.In this regard, AIG has entered into an agreement......

Daimler takes full control of Mercedes F1 team

German luxury carmaker Daimler has taken full control of the Mercedes Formula One motor racing team after buying a 40 percent stake owned by Abu Dhabi sovereign wealth fund Aabar Investments.......

Mercedes take over F1 champions Brawn

Formula One champions Brawn GP will compete next season as the official Mercedes factory team after the German carmaker announced a takeover on Monday. Daimler chairman Dieter Zetsche, whose......

Mercedes to take 75 per cent stake in Brawn

Mercedes has agreed to take a 75 percent stake in Formula One leaders Brawn GP within the next three years, German magazine Auto, Motor und Sport reported on Wednesday. Citing Formula One sources,......
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Aabar Investments appoints Mohamed al-Mehairi as CEO

Mehairi, currently director of investments at International Petroleum Investment Co, will remain a board member of Arabtec, Nova Chemicals,... ...

http://economictimes.feedsportal.com/c/33041/f/537910/s/491bfdc6/sc/3/l/0Leconomictimes0Bindiatimes0N0Cnews0Cinternational0Cbusiness0Cabu0Edhabis0Eaabar0Einvestments0Eappoints0Emohamed0Eal0Emehairi0Eas0Eceo0Carticleshow0C4854290A50Bcms/story01.htm
Three Swiss Banks Reach Resolutions under Justice Department's Swiss Bank Program

Banks Will Collectively Pay Penalties of More than $8.4 Million and Continue to Cooperate with Department The Department of Justice announced... ...

http://www.pressreleasepoint.com/three-swiss-banks-reach-resolutions-under-justice-departments-swiss-bank-program
Virgin Galactic Awaits NTSB Findings

Federal investigators looking into the 2014 crash of Virgin Galactic LLC's experimental rocket ship are poised to highlight safety lapses during... ...

http://in.advfn.com/p.php?pid=nmona&article=67894292
Three senior staff at UAE's Arabtec quit, new CFO appointed

DUBAI: Arabtec, the largest construction company in the United Arab Emirates (UAE), has accepted the resignation of three senior members of staff... ...

http://economictimes.indiatimes.com/news/international/world-news/three-senior-staff-at-uaes-arabtec-quit-new-cfo-appointed/articleshow/47986469.cms

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