Dubai International Capital is an investment company that is owned by the emirate's ruler, Sheikh Mohammed bin Rashid Al Maktoum.
The Sheikh just bought a stake in Sony Corp.
"Substantial" as in under 5%. More than that and Sony would have to report it.
Sony's largest shareholder is San Francisco-based mutual fund company Dodge & Cox, which owned an 8.3% stake in Sony, as of March 31.
The oil rich investors in the Middle East have seen their coffers swell as a result of rising energy prices....uh, no!
They raised the oil prices, and we keep paying them.
Soon, the middle east moguls will own the electronic industries and they can charge more to make us watch TV or play games, too.
Doesn't that sound like fun?
DIC has made investments in DaimlerChrysler AG and U.K. bank HSBC Holdings Plc.
The sheikh also invested $1.6 billion acquiring Tussauds Group and invested more than $1 billion for a 9.9% stake in Och-Ziff Capital Management Group.
The purchases are part of its "ongoing strategy of focusing on capital efficiency and cash generation." And buying up the world.
Is anybody but me concerned about this?
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