Your Search Returned 8 tagged news reports
Tuesday it will pay $280 million for a 32% stake in Virgin Group's commercial spaceline, Virgin Galactic, in a move that will advance the oil-rich emirate's plan to become a hub for scientific research and innovation. The deal will see Aabar and Virgin...
Tags: Virgin Galactic Sheikh, Abu Dhabi, Richard Branson, sir richard, Aabar Investments, space tourism, Manchester City Football Club, space travel, startup virgin, commercial space
DFM saw most major stocks slide as profits were booked from last four sessions rally. Emaar lost 2.26 per cent to Dh2.60 and Arabtec shed 2.25 per cent to Dh2.61...ADX saw gains across all sectors except the industrial sector that lost 3.05 per cent,...
Tags: Abu Dhabi Securities Market, joint venture, Emaar Properties, Aabar Investments, Berndorf AG, real estate
Tesla Motors , recent recipient of $465 million in low-cost federal loans via the U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing program, won’t have to raise new matching funds to qualify like other recipients. Instead, it says...
Tags: Tesla Motors Inc, Daimler AG, Abu Dhabi, electric cars, Aabar Investments
The Abu Dhabi investment fund that is Daimler's largest shareholder has bought about 4 per cent of electric car producer Tesla Motors, deepening the oil-rich Arab state's push into green technology. Aabar Investments and German automaker Daimler GM announced...
Tags: Tesla Motors, Nikola Tesla, Daimler AG, Abu Dhabi, Daimler GM, Daimler Sells, Aabar Investments, electrical cars, Alrosa, Khadem Al Qubaisi
Investors pushed Daimler's stock higher, despite a 10 percent capital increase that dilutes other shareholders, and the cost of insuring its debt against a default fell, as did that of luxury rival BMW...Some analysts questioned what the deal meant for...
Tags: Daimler AG, Abu Dhabi, Aabar Investments, cent stake, benz cars, makers daimler, Sama Dubai
BERLIN: Abu Dhabi is poised to become the biggest shareholder in Daimler AG after the German maker of luxury cars, buses and trucks said it would sell nearly euro2 billion ($2.72 billion) in shares to the country's Aabar Investments PJSC. In a statement...
Tags: Daimler/Abu Dhabi, mercedes, Aabar Investments, aabar invested, dhabi invested, capital increase
Daimler, the German maker of Mercedes-Benz cars, said Sunday that it would sell about €1.95 billion of new shares to Abu Dhabi, making the emirate its largest shareholder at a time of extreme hardship for the global auto industry. In a joint statement...
Tags: Daimler AG, The Abu Dhabi, Abu Dhabi International Airport, Aabar Investments, daimler shares, percent stake, Kuwait
Abu Dhabi Securities Exchange (ADX) on Monday that it had signed a binding agreement to acquire AIG Private Bank Ltd from its parent company American International Group, Inc (AIG) at the equivalent of $254 million (Dh932.94 million). "Private banks don't...
Tags: AIG Private Bank Ltd., private banks, American International Group Inc., Abu Dhabi Securities Exchange, Aabar Investments, Hong Kong, Shanghai, insurer giant, Dubai, aig sell