Hints and tips:
...These included W Hotel Union Square, which Istithmar bought for $285m and was forced to sell for $2m three years later, in 2009, when Dubai’s debt crisis broke out....
...In 2007, Istithmar World, the Dubai government-owned investment vehicle, stepped in to save the QE2 from the scrapyard for a reported $100m....
...The last assets held by Istithmar are proving difficult to sell, bankers say....
...PWP raised more than $1bn from families including the Weinbergs, as well as from Middle Eastern funds Istithmar and Gulf Investment Corp....
...Dubai World said it had sufficient cash to repay the $4.1bn due in September 2015 after selling assets held by its investment arm, Istithmar....
...Istithmar last year took full control of the property when it paid for $250m for a 50 per cent stake held by Kerzner International....
...Istithmar World, which is Dubai World’s investment arm, paid $375m in 2008 for its stake in the property....
...Dubai World is supposed to start repaying bank creditors in September 2015 from the proceeds of sales of assets largely held by Istithmar....
...Andy Watson, chief executive of Istithmar and managing director of Dubai World, will now remain in his position, says one person aware of the matter....
...The government – not Istithmar – will underwrite the cruise terminal expansion, for which no cost was given....
...Mr bin Sulayem this month announced plans for another Istithmar asset, the retired cruise liner QE2....
...In July, the Dubai government struggled with a messy reshuffle at Istithmar World, another of the emirate’s holding companies and a unit of Dubai World....
...40-year career * Citic to buy Credit Agricole’s CLSA unit for $1.25 Billion * Maruti plant stays shut for riot probe * Thousands march in Mexico to protest Pena Nieto win * Dubai government replaces Istithmar...
...Perry will become the majority owner, with Yucaipa and Istithmar as minority holders....
...Brazil tech start-ups * Citic to buy Credit Agricole’s CLSA unit for $1.25bn * Maruti plant stays shut for riot probe * Thousands march in Mexico to protest Pena Nieto win * Dubai government replaces Istithmar...
...He has also worked in senior roles at Dubai-based financial companies Abraaj Capital and Istithmar World. People on the move is a fortnightly column by the FT Middle East team....
...The company teamed with Istithmar to open Atlantis resort The Palm in Dubai, which will not be affected....
...The exotic offering would be the first foray into the market for Goldman, which enlisted Dar Al Istithmar Limited, a UK-based Islamic finance consultancy, to advise it on the structure of the sukuk and check...
...Two decades later and after a short stint at Istithmar World in Dubai, Mr Tarmoom, an Emirati national, is setting up his own business, away from the comfort of a government flush with petrodollars....
...Regent Quarter is a 5.8 acre site on the eastern side of the station with courtyards, restaurants, a supermarket, a small hotel and 34 new-build apartments by Istithmar P&O Estates....
...Perella Weinberg Partners is advising on the restructurings of Loehmann’s and Barneys, retailers which are owned by Istithmar, part of Dubai World....
...Barneys, the department store currently owned by Dubai-based Istithmar that was as close to synonymous with a way of life as any department store ever came, is getting a new creative identity....
...They included Istithmar, the Dubai investment firm, Goldman Sachs’ Whitehall Street Real Estate Funds, and Colony Capital, the private equity group....
...A sale of assets from Istithmar could generate a maximum of $4.5bn during the five year period, but only up to $2bn in a shorter period of time, one of the people said....
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