Qatar's sovereign fund, Crown Acquisitions named as investors in $5.6 billion New York deal - Reuters:
Qatar Investment Authority (QIA) and private realty firm Crown Acquisitions said on Friday they were the unnamed investors in a deal with Vornado Realty Trust valued at $5.56 billion that involves a portfolio of prime New York retail properties.
Vornado sold a non-controlling stake in its portfolio of properties along Fifth Avenue and Broadway in Times Square in a transaction that provided the firm cash proceeds of about $1.2 billion, the firm said on Thursday.
Neither QIA, Qatar’s sovereign wealth fund, or Crown Acquisitions were named on Thursday as the investors who contributed $1.31 billion in cash in a newly created joint venture with Vornado.
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Friday 19 April 2019
#Dubai arena is latest project unveiled despite weaker growth - The Washington Post
Dubai arena is latest project unveiled despite weaker growth - The Washington Post:
This week, Dubai unveiled its latest megaproject: A stadium in the heart of a super luxe shopping and dining destination.
The arena, which will host sports events and concerts, is located in a leisure retail and residential destination called City Walk, which itself is new and was developed by Meraas, a company owned by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum.
It’s just one in a pipeline of projects the emirate is churning out in the lead-up to next year’s World Expo in Dubai, despite an economic slowdown and concerns that an oversupply is weighing down real estate prices.
This week, Dubai unveiled its latest megaproject: A stadium in the heart of a super luxe shopping and dining destination.
The arena, which will host sports events and concerts, is located in a leisure retail and residential destination called City Walk, which itself is new and was developed by Meraas, a company owned by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum.
It’s just one in a pipeline of projects the emirate is churning out in the lead-up to next year’s World Expo in Dubai, despite an economic slowdown and concerns that an oversupply is weighing down real estate prices.
Oil market likely to be well balanced in 2019, says #Saudi energy adviser | ZAWYA MENA Edition
Oil market likely to be well balanced in 2019, says Saudi energy adviser | ZAWYA MENA Edition:
Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be "well balanced" this year.
"This year, we have seen the implementation of the OPEC Plus decision. It is possible to extend the cut until the end of the year depending on market conditions," al-Muhanna told an oil summit in Paris.
The OPEC+ group agreed last year to cut production, partly in response to increased U.S. shale output.
Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be "well balanced" this year.
"This year, we have seen the implementation of the OPEC Plus decision. It is possible to extend the cut until the end of the year depending on market conditions," al-Muhanna told an oil summit in Paris.
The OPEC+ group agreed last year to cut production, partly in response to increased U.S. shale output.