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Masdar and Britain Sign Clean Energy Compact From AbuDhabiBlog.com:
In another move by Abu Dhabi's Masdar, the Future Energy Company and the U.K. signed an agreement to share clean energy technologies. Masdar and Britain will probably set up a mutual fund use it for eco tech projects like developing low carbon energy and harnessing wind power. Earlier this year Masdar bought a twenty percent share in London's offshore wind project. Masdar, a clean energy crusader impressed the world with their recent groundbreaking of a zero carbon emission city, called Masdar City. This will be the first city in history to run completely free from carbon emission and waste. MORE on MASDAR
Abu Dhabi's Aabar Investments Buys AIG SwissFrom AbuDhabiBlog.com:
In a $254 million deal, the Aabar Investment group out of Abu Dhabi has acquired the Swiss AIG bank. This may just be the beginning of the AIG house cleaning since it was taken over by the U.S. government post bailout. The Aabar Investments Chief Financial Officer, Mohammed Al Husseiny sounded very pleased with the deal. Will Abu Dhabi be vacuuming up more U.S. and European firms during this financial crisis? I think we will be hearing a lot more news like this.. |
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