Istithmar World

Loehmann, Discount trader files for insolvency

Istithmar World.The U. S. markdown merchant Loehmann's is reporting for insolvency subsequent to its Dubai administration - connected proprietor botched to arrive at a debt- additional room transaction with creditors.

Inchcape put on sale for $700 million by Dubai’s Istithmar

Istithmar-World-LogoOn Wednesday, port and shipping agent Inchcape Shipping Services, was put on sale for $600 million to $700 million by Dubai World's investment arm Istithmar and the offer has attracted interest from private equity groups.

Dubai World Istithmar unit CEO replaced by CIO

Istithmar WorldState-owned investment company Dubai World is aiming more at managing its

Istithmar Suspends its Top Officials Involved in Wrongdoing

With the Govt. proceeding with its investigations related to corruption, Dubai sovereign wealth fund, Istithmar World has suspended its vice chairman Adel al-Shirawi and chief financial officer, Feras Kalthoum.

It was confirmed through a statement that Adel al-Shirawi will no longer be serving as a board director of Istithmar World.

Earlier during the month of August, Istithmar World, a unit of state-owned Dubai World had confirmed, “The two were being investigated for alleged wrongdoing while in their previous positions at Dubai mortgage lender Tamweel.”

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