QIA, estimated to have around $170 billion, and state-owned CITIC Group signed an MoU to launch the 50-50 investment fund.
CEO Wolfgang Prock-Schauer will be replaced by Stefan Pichler on February 1, 2015.
Emirates was one of six main FIFA sponsors who collectively paid around $180 million last year.
The offer is for the whole company but Abraaj will accept no less than a 51 per cent controlling stake, it said.
The austerity plans may be the first serious effort by the wealthy Gulf Arab states to economise since the oil price slump of the 1990s.
The 40-page synthesis said that global warming is causing more heat extremes, downpours, acidifying the oceans and pushing up sea levels.
The total value of Saudi oil aid since July 2013 has amounted to about $5 billion.
Authorities are investigating possible violations connected to the lender banking for Iranian-controlled entities in Dubai.
The Islamic investment firm will also distribute its Luxembourg fund range via two European investment firms.
Beijing is aggressively promoting its currency to more international investors in a bid to turn the “redback” into a global reserve currency, while at the same time expanding its already considerable political and economic clout.
Triple daily services will begin to Mumbai on February 15, and to New Delhi on May 1, 2015.
Palaces, old mosques and cuisines in the Spanish region display strong traces of Arabic inspiration.
Investcorp did not reveal the deal value in the statement but said that the new investment will allow it to expand its business.
Britain’s prime minister asked Sheikh Tamim bin Hamad Al Thani to consider further funding to help Britain’s push to develop cities in the north of the country.
The UAE was also one of the top 10 countries globally which improved its rankings in the ease of doing business list as it introduced around 20 economic reforms over the last year.
The airline is the world’s largest operator of the 777 range developed by US-based Boeing.
The price of benchmark North Sea Brent crude has dropped more than a quarter from a high above $115 per barrel in June.
The European Commission said on its website that it would decide by Nov. 17 whether to clear the deal.
Sheikh Tamim’s first official visit to Britain since becoming emir in 2013 will include talks with Prime Minister David Cameron and a meeting with Queen Elizabeth.
Airline won’t be able to compete with Emirates on scheduling but will on price
New route enhances Hungarian capital’s connectivity to eastern markets
Owing to large current account surpluses, the GCC is seen by international investors as better equipped to handle a period of rising interest rates than most areas of the world.
The fund has warned that fiscal balances across the GCC and other Middle Eastern countries will deteriorate if the policies continue to remain unchanged.
At least 33 security personnel were killed on Friday in the Sinai Peninsula bordering Israel and Gaza.
A string of economic reforms and steps to open up financial markets have created more opportunities for private firms.
Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Resorts brand in the international market.
A sustained oil price decline of $25 reduces the revenue of most GCC countries by the equivalent of about eight percentage points of gross domestic product, and could therefore push many of them into fiscal deficits.
Gulf carriers, looking for routes on which to deploy their fast-growing fleets, have spotted a shortage of long-haul flights and have expanded into Italy.
Under the contract, the first phase of an expansion of the master gas system, SEPCO will install two booster gas compressor stations.