Qatar, Abu Dhabi bidding for 42 UK Marriott Hotels
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon July 9, 2012 10:48 am

INTERNATIONAL. The Qatar Investment Authority and Abu Dhabi Investment Authority are bidding to buy 42 Marriott International Inc. hotels in England, the Sunday Times said, without saying where it obtained the information.

The sale is being administered by Royal Bank of Scotland Group Plc and may yield as much as 700 million pounds (US$1.08 billion), the newspaper said.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 21, 2014
UAE. "The establishment of QIFs aimed at sophisticated, high-net worth investors is a welcome development which reflects the fact that a one size fits all approach to regulation is not appropriate."
date:Posted: August 20, 2014
UAE. Rising geopolitical tensions and slowing global growth; GCC markets remain steady in spite of increased global volatility; Commodity prices soft on China bank data.
date:Posted: August 20, 2014
UAE. "In the short term, Erdogan's election signals a sign for continuity for Turkey. However, in the medium to longer term, questions remain. As in any political arena, a concentration of power and reduction of checks and balances carries negative risks."
INTERNATIONAL. U.S. special operations forces made a failed attempt to rescue journalist James Foley and other Americans held hostage by Islamic extremists in Syria earlier this summer, the White House said in a statement.
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