News Source: Khaleej Times
| about 1 month ago
The government-owned conglomerate Dubai World is folding hotel and real estate assets from its Nakheel property unit into its Istithmar World investment arm, as part of the group�s restructuring. Several senior Nakheel executives have been...
News Source: Androscoggin News
| about 1 month ago
Dubai World, one of Dubai’s main state-owned groups, is restructuring after slowing economic growth in Dubai and an almost 50 percent plunge in property prices...Istithmar halted new investments after spending more than $25 billion this decade on...
News Source: Gulfnews.com
| about 1 month ago
Restructuring will occur in selected hotel and real estate assets and the related management teams, primarily in international markets, with staff transferring to Istithmar World. Hamza Mustafa will join Istithmar World as managing director of real...
News Source: Uinta County News
| about 1 month ago
Dubai's main holding company is moving three executives from its struggling property division to the investment fund that owns retailer Barneys New York and performance troupe Cirque Du Soleil. State-owned Dubai World said Thursday it is also...