Virgin Galactic, the space travel company founded by Sir Richard Branson, is struggling to find an investor. Credit Suisse says Branson’s “greenfield” project faces big challenges in finding an investor given the current economic climate and uncertainty about the project. Credit Suisse is the investment advisor that to Virgin Galactic for its $280 million dollar with Aabar Investments in Abu Dhabi last month.
Jeffrey Culpepper a Credit Suisse executive, explained “There tends to be skepticism about space travel”, but “Credit Suisse has a long history with Virgin and once we assessed the strength of the economics, we were determined the project is achievable.” Mr. Culpepper is head of the investment banking department at Credit Suisse MENA (Middle East and North Africa). Last month Aabar purchased a 32% share of Virgin Galactic valued at $280 million. They valued the space tourism company at $900 million. Aabar plans to build a spaceport in Abu Dhabi which will house a university academy where students can study space.
Among high rise grey communal buildings is this small refreshing oasis in the eastern side of Bucharest. Titan Park is a small quite piece of land that serves as a breather for the locals after they come back from work. The park also has a small wooden church in its premises together with small lake side clubs. ...
Named after the patron of Tunis, Sidi Mahrez Mosque has a very powerful presence in the medina. Depicting Turkish architecture at its peak, the mosque was made by the Ottoman rulers during the 17th century to give reverence to the pious saint and as a token of gratitude for his contribution in opening up ramparts and mosques in the city. As an ancient rule, only Muslim tourists are allowed to ...
Navy Pier is Chicago's most visited attraction, attracting more than 8,000,000 visitors per year. It was built between 1914 and 1916 and at the time was the largest pier in the world, at more than 1,000m long. Initially, the pier was to serve as both a port and as a public gathering place, but as cars proliferated the Great Lakes shipping industry declined. Its popularity fell du...
Located in the Bankenviertel (financial district), this building is an architectural success and holds the title of tallest building in the European Union. When it was completed in 1997, it was also the tallest building in Europe but was surpassed by the Triumph Palace in Moscow in 2005. With 56 stories and 259 meters, it holds 121,000 square meters of office space for Commerzbank. Address: ...