Americas
Istithmar acquires W Hotel Union Square in New York for US$285 million
Reinforcing its portfolio of high-profile assets in the hospitality sector across the globe, Dubai’s leading alternative investment house, Istithmar, announced today the acquisition of the landmark W Hotel Union Square – a luxury hotel in Manhattan, New York – valued at US$285 million. The purchase of W Hotel Union Square is in line with... »
New DP World Vancouver Marine Terminal expansion launched
Global terminal operator DP World‘s newest terminal expansion was officially opened earlier this week in Vancouver in a ceremony attended by British Columbia’s Minister of Transportation, Kevin Falcon, and DP World Chairman Sultan Ahmed Bin Sulayem. Construction of the US$140 million project began in the third quarter of 2004 and the first phase of... »
DP World welcomes container security initiative at its Dominican Republic terminal
DP World‘s marine terminal at Port of Caucedo, Dominican Republic, has become the 13th in its portfolio to be involved in the United States’ anti-terrorist Container Security Initiative (CSI), smoothing the way for faster delivery of goods to the US for its customers. The United States Ambassador in Santo Domingo, Mr. Hans Hertell, on... »
DP World wins Peru container terminal concession
Global marine terminal operator DP World has announced that it has been granted a 30 year concession to develop and operate a new container terminal in the southern zone of the Port of Callao, Peru. The concession has been awarded by the Agency for Investment Promotion (Proinversion) and the National Port Authority (APN). DP... »
Istithmar announces an investment of US$100 million in Perella Weinberg Partners
Istithmar PJSC, a major international investment house based in the UAE, is pleased to announce an investment of $100 million in Perella Weinberg Partners and its investment management business, the new financial services firm headed by Mr. Joseph Perella, the renowned investment banker. corporate advisory and investment management services to clients around the world.... »
Chairman HH Sheikh Ahmed Bin Saeed Al Maktoum