Saudi Arabia’s central bank gave $40 billion to the kingdom’s Public Investment Fund as it picked up minority stakes in American corporations.
Dubai-based conglomerate AW Rostamani has acquired a majority stake in Brayleys Motor Group, whose franchises include Honda, Kia, Mazda and Renault/Dacia.
Adnoc, Saudi Aramco will jointly invest in the $44 billion Ratnagiri refinery and petrochemical complex that is coming up in the Western Indian state of Maharashtra.
Invest AD has divested its 38 percent stake in Airport International Group (AIG), the concessionaire that has developed and operated Jordan’s Queen Alia International Airport, including construction of a new terminal building.
Etihad Airways Group has issued a statement expressing disappointment with airberlin’s decision to file for insolvency in a German court.
Two billionaires, Bill Gates and Prince Alwaleed, bought Four Seasons for $3.8 bln near a market peak, feuded over matters large and small, then made up.
McLaren Automotive and the McLaren Technology Group are being brought together under one corporate structure to be called the McLaren Group.
Blackstone and the Public Investment Fund announced the execution of a memorandum of understanding in relation to the launch of a new investment vehicle dedicated to infrastructure.
Saudi Aramco, the kingdom’s state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas, U.S.