Saturday 2 August 2014

Dubai state firm takes over Zabeel management

  State-owned Dubai Real Estate Corp (DREC) has taken over the management of Zabeel Investments, the indebted firm owned by Dubai's crown prince, the chief executive of Investment Corporation of Dubai said on Tuesday.


ADCB sues Dubai crown prince's firm

An Abu Dhabi bank has filed a legal claim against Dubai's Zabeel Investments, according to court papers seen by Reuters, the second time in a month a creditor has resorted to the courts to recover debt from a company owned by the emirates to


Zabeel, ANC to set up education investment firm

Dubai-based Zabeel Capital has partnered with ANC Holdings to form Kings’ Holdings, a company focused on investment in education. The joint venture is the first of its kind between the two companies, and comes with values and objectives t


Zabeel launches new subsidiary

Zabeel Investments has announced the launch of a wholly owned subsidiary to focus on the company's global investment portfolio, across a multitude of sectors. The setting up of Zabeel Capital follows the recent establishment of Zabeel Prop


Zabeel buys into Las Vegas leisure firm

A Dubai-based investment firm said on Wednesday it had bought a 50 per cent stake in Las Vegas-based hospitality company The Light Group to expand its hotel and restaurant business into the Middle East. Zabeel Investments, which was part o


Aldar-Zabeel in golf course venture

Abu Dhabi-based Aldar property developer has signed a joint venture agreement with Zabeel Investments cementing plans to develop a Links Golf Course on Yas Island. Zabeel Investments executive chairman Mohammed Ali Al Hashimi and Aldar Pr


Multiforms wins $34m Tiara contract

Multiforms has won a Dh125 million ($34 million) contract from leading construction contractor Arabtec to execute the façade work of Tiara Residence. The Dh2.1 billion ($572 million) development by Zabeel Investments comprises seven reside

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