VOL. XL

No. 8

24-February-1997

UAE

Abu Dhabi To Set Up Leasing Company

The Abu Dhabi Investment Company (ADIC) and the United Arab Emirates Offset Group (UOG) have announced plans to set up a leasing company that will offer a variety of leasing contracts ranging from commercial aircrafts, and ships to medical and industrial equipment and power plants. The partners in the leasing company plan to launch the venture in the last quarter of 1997 or first quarter of 1998 through a public offering...