Aabar in US$2bn deal with China State Construction
Abu Dhabi - Arabstoday
China State Construction Engineering Corp said on Wednesday it had signed an agreement with Abu Dhabi sovereign fund Aabar to develop real estate projects in Abu Dhabi for a total investment of US$2 billion. Industrial and Commercial Bank of China will provide Aabar with funding, while China State Construction will be the contractor for the projects, China State Construction said in a statement to the Shanghai stock exchange. Aabar chairman Khadem Al Qubaisi was announced on Tuesday as the new chairman of Dubai construction giant Arabtec Holding, sources told Arabian Business. Sovereign fund Aabar raised its stake in Arabtec to 10.45 percent last month, making it the largest shareholder in the company.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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