Word: nahayan
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...body of Sheik Ahmed bin Zayed al-Nahayan, managing director of one of the world's largest sovereign wealth funds, was retrieved on Tuesday, fished out from a picturesque lake some 20 miles southeast of the Moroccan capital, Rabat, that his glider had crashed into five days before. The 41-year-old was the half-brother of Sheik Khalifa bin Zayed al-Nahayan, President of the United Arab Emirates and ruler of Abu Dhabi, the most influential - and with some 8% of the world's proven oil reserves - the wealthiest of the seven states that comprise the U.A.E...
...these guys, anyway? Dubai's Sheik Mohammed bin Rashid al-Maktoum, Qatar's Sheik Hamad bin Khalifa al-Thani and Abu Dhabi's Sheik Khalifa bin Zayed al-Nahayan are sons of gulf royalty. But these are not their fathers' investments. Gulf money 20 years ago was being sunk into safe-bet, low-yield U.S. Treasury bonds--or the arms bazaar. Some recent deals--Dubai's brief holdings in DaimlerChrysler and Madame Tussauds, for example--have been opportunistic. But Dubai's bid for NASDAQ is part of a vision for positioning the city-state as a world-class business center...
...agreement with Abu Dhabi's ruler, a principal backer of the Bank of Credit and Commerce International, has given new life to the global fraud investigation of the rogue bank. Sheik Zayed bin Sultan al-Nahayan has agreed to allow B.C.C.I.'s No. 2 man, Swaleh Naqvi, to be extradited to the U.S. for trial on fraud charges, and to give prosecutors access to other former officers and to bank records. In turn, the U.S. has promised the sheik that he will not face criminal or civil charges in the U.S. and that a $1.5 billion lawsuit against him will...
Morgenthau has also been taking a tough line with another U.S. ally in the region, Sheik Zayed bin Sultan al-Nahayan, ruler of Abu Dhabi and President of the United Arab Emirates. "Abu Dhabi has been promising cooperation for a year, but we've gotten nothing out of them," the district attorney said last week. His frustration is understandable: Zayed, now the owner of the tattered remains of B.C.C.I. founder Agha Hasan Abedi's erstwhile $20 billion banking empire, has placed 18 of the bank's top officials -- all of them potential witnesses who could help explain the workings...
...most prominent victim of Abedi's flimflam operation was the man whose wealth helped finance B.C.C.I.: Sheik Zayed bin Sultan al-Nahayan of Abu Dhabi, President of the United Arab Emirates. Investigators say approximately $2 billion of Zayed's own money, along with $7 billion in Abu Dhabi state funds, has disappeared into the bank's black hole. In the U.S., B.C.C.I.'s secret ownership of Washington's largest bank, First American, implicated former Defense Secretary Clark Clifford. As chairman of First American, Clifford had denied that B.C.C.I. controlled the Washington bank; he and his partner, Robert Altman, now face...