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Debt Laden Dubai Sovereign Wealth Fund Recoils from Investments

Category: Hotels, Posted:28 Sep 2009 | 06:57 am

One of the Middle East top property, hotel and leisure conglomerates Dubai World has announced a restructuring of its Nakheel Hotels and Istithmar World units. Its business empire not only spans the world but has a significant presence in the Thai market. There is much apprehension over a US$3.5 billion bond that is due later this year and the company which has over US$4 billion in hotel assets under Nakheel is consolidating management to Istithmer.
In Thailand Nakheel has investment's in projects such as the upcoming W Bangkok and W Retreat, Spa and Residences in Koh Samui. Istithmar hotels hold a stake along with IFA in Raimon Land.
Sovereign wealth funds (SWF's) were a significant source of capital for US companies such as Citibank and Morgan Stanley and the continued global recession has seen Abu Dhabi fund US$10 billon into Dubai this year to help fund its US$80 billion debt.

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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]