Aabar Investments

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Recent Articles

• Abu Dhabi's Aabar takes stake in Brawn F1 team16 November 2009

  UPDATE 2: Firm teams up with car maker Daimler for majority stake worth $183m.

• Aabar Investments posts $593m Q2 net loss1 September 2009

  Company that took 32% stake in Virgin Galactic books $613m in losses from derivative deals.

• SABIC's $1bn deal fails to boost Tadawul11 August 2009

  UPDATE 8: SABIC shares slide on Saudi index while Aabar is main gainer on Abu Dhabi.

• Aabar, German firms sign Algerian car plant deal10 August 2009

  UPDATE 1: UAE investment firm to set up car plant with five German firms, including Daimler.

• Schumacher latest to sign up for Virgin Galactic trip6 August 2009

  EXCLUSIVE: F1 legend pre-books seat on world's first commercial space flight.

• $280m deal paves way for Abu Dhabi space flights28 July 2009

  Aabar has bought a 32% stake in Virgin Galactic - 'the world’s first spaceline'.

• Aabar, Berndorf to invest in European technology, property21 July 2009

  Abu Dhabi gov't backed investor set to take advantage of cheap(ish) valuations being seen.

• Will electric cars be a hit in Abu Dhabi?13 July 2009

  Aabar chairman says Tesla electric cars to hit the streets in a matter of days after firm buys 4% stake from Daimler.

• Abu Dhabi's Aabar quadruples Q1 profit27 April 2009

  Stakeholder in German carmaker Daimler earns $48.19m in Q1; gains on derivatives, currency fluctuations.

• Textron climbs on rumoured UAE bid11 April 2009

  Cessna aircraft maker sees stock price surge 49% in New York on report of UAE takeover being prepared.

• Abu Dhabi fund denies new move on Daimler, Opel10 April 2009

  Gov't linked investment fund Aabar says it does not plan to buy further stakes in car makers.

• German minister may discuss Abu Dhabi stake in Opel6 April 2009

  Planned visit to Abu Dhabi may explore emirate taking stake in General Motors unit.

• UAE's Aabar buys $63m in UniCredit securities2 March 2009

  Abu Dhabi firm buys convertible bonds as Italian banks seek capital to face crisis.

• UAE's IPIC buys $408m Aabar convertible bonds16 February 2009

  State-owned Int'l Petroleum Investment Co buys in bond issue's 1st tranche.

• Abu Dhabi-owned private bank cuts jobs10 January 2009

  AIG Private Bank, which has branch in Dubai says 120 staff to go amid credit crunch.

• AIG sells private bank to UAE's Aabar for $254mn1 December 2008

  Abu-Dhabi firm buys Swiss-based operation from troubled US insurer.

• UAE's Aabar says to invest $136mn in real estate23 November 2008

  Abu Dhabi-listed company to develop commercial towers at Al-Raha beach - CFO.

• Energy firm IPIC eyes takeover of Aabar1 September 2008

  Abu Dhabi state-owned investment company seeks control via convertible bonds. 

• Abu Dhabi bourse trebles trading performance9 July 2008

  Stable and sustainable market helps ADX to achieve huge growth in trading.

• Aabar to vote on $1.82bn bond issue9 July 2008

  Aabar Investments shareholders to vote on plans to issue convertible bonds to strategic investor.

• Abu Dhabi's Aabar eyes bond issue 3 July 2008

  UPDATE 1: Energy firm says considering proposal from strategic investor to buy convertible bonds.

• Aabar Energy earns less than expected for Pearl unit20 March 2008

  Aabar Energy PJSC will earn between US$100-164m following the sale of its Asian exploration unit to Mubadala.

• Aabar expands interests in Southeast Asia3 October 2007

  Abu Dhabi firm raises stake in exploration block in deal with Premier Oil Philippines.

• Results on the rise for local exploration and drilling company Aabar16 September 2007

  Aabar Petroleum, an exploration, production and drilling company, has announced second quarter revenues that have climbed to AED 378 million from AED 186 million in the same period a year ago.

• Aabar moves forward with $1.2bn sukuk sale11 September 2007

  Shareholders of Abu Dhabi-based energy firm give approval, no timeframe has been set.