Business Photo Slideshows

Citigroup Gets Mideast Money

Photo by Jeremy Sparig/Bloomberg News/Landov

The Abu Dhabi Investment Authority announced a deal today to take a 4.9 percent stake in Citigroup for $7.5 billion. Called a sovereign wealth fund, the government-run investment arm has ballooned as the price of oil has risen. The small, oil-rich United Arab Emirates now has an estimated $850 billion to invest.

Read the story

Abu Dhabi Dabbles in Tech

Photo by Advanced Micro Devices

In November, another Abu Dhabi-run fund, the Mubadala Development Company, invested $622 million for an 8 percent stake in the chipmaker Advanced Micro Devices. While most foreign direct investments are merely passive ones, this deal includes a board seat for a representative from the fund.

Read the story

Barneys' New Sovereign Owner

Photo by Stephen Hilger/Bloomberg News/Landov

In June, a Dubai fund called Istithmar won an international bidding war for the upscale retailer Barneys New York. It agreed to pay $825 million to own the retailer outright.

Read the story

China Eyes Private Equity

Photo by Mary Altaffer/AP Photo

China's State Investment Company invested $3 billion into the Blackstone Group in May, before the private equity firm went public. Its stake is less than ten percent. China has amassed an estimated $200 billion for investments, and its fund will likely only grow as its economy rapidly expands and its currency reserves build up.

Read the story

Qatar Plays Stocks

Photo by PhotoLink

In September, the London Stock Exchange announced it agreed to sell a 20 percent stake to the Qatar Investment Authority. On the same day, the Dubai Borse agreed to buy the Nasdaq's 28 percent ownership in the L.S.E.

Read the story

Sony is a Hit in Dubai

Photo by Robert Gilhooly/epa/Corbis

Dubai International Capital announced earlier this week it has bought a "substantial stake" in Sony.

Read the story

Dubai Gambles On MGM

Photo by George Frey/Bloomberg News/Landov

Gambling may be prohibited in the Muslim world, but casinos can make good investments. Dubai World bought 4.9 percent of MGM Mirage earlier this year.

Read the story