Istithmar World
Istithmar World appoints CEO for QE2 venture
Istithmar World, the investment arm of Dubai World, today announced the appointment of Manfred Ursprunger as chief executive of its QE2 venture. The company will develop a multifaceted hospitality and entertainment destination, featuring the world’s most famous liner – QE2 – as its centrepiece. Under the direction of Ursprunger, the QE2 division will manage... »
Nakheel and Istithmar join to expand hotel business
2007 Nakheel Hotels is the new name for Istithmar Hotels after Dubai World consolidated its hotel business under one banner to create a fully integrated hotel investment company. The merger is part of an internal restructure within the Dubai World group whereby the real estate business of Istithmar is being joined with Nakheel. The... »
Dubai World backs Sindicatum in the climate change space
Istithmar World Ventures LLC, which is part of Istithmar World, a major investment house owned by Dubai World, signed a Memorandum of Understanding with Sindicatum Carbon Capital Holdings Limited (‘SCC’), a leading turnkey developer of Greenhouse Gas (‘GHG’) abatement projects globally. Istithmar World Ventures has committed $150,000,000 to the Istithmar & Sindicatum Climate Change... »
W Hotels goes to Washington
Bangkok, Istithmar Hotels FZE announces the appointment of Starwood Hotels & Resorts Worldwide, Inc. to open its first W Hotel in Washington, D.C. Scheduled to debut in early 2009, the hotel will open in what is currently the historic Hotel Washington, an Italian Renaissance revival building occupying the corner of the city’s world-famous Pennsylvania... »
Istithmar World Aviation signs agreement to set up corporate jet operations in DWC Aviation City
Dubai World Company Istithmar World Aviation (IWA) announced today that it will invest in expanding its executive jet operations, and setting up an aircraft servicing facility in Dubai World Central Aviation City. In this connection, IWA on November 15 signed an agreement with Dubai World Central Aviation City to establish its base of operations... »
Chairman HH Sheikh Ahmed Bin Saeed Al Maktoum