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Real Estate News Alert.

Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Tuesday, December 2, 2008

Aabar To Buy AIG Private Bank for $254 Millions

UPDATE 1-AIG to sell AIG Private Bank to UAE's Aabar
Reuters - USA
Dec 1 (Reuters) - American International Group Inc. (AIG) on Monday said it has agreed to sell its private banking unit to Abu Dhabi-based Aabar Investments PJSC AABAR.AD for 307 million Swiss francs ($254 million), as the insurer sheds assets to pay back some costs of its $152 billion federal bailout. ...

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