Abu Dhabi Investment Authority Managing Director Sheikh Ahmed bin Zayed Al Nahyan missing after glider crash in Morocco
Mar 26, 2010 – 10:04 – WAM Abu Dhabi, 26th March 2010 (WAM) — A sailplane carrying H.H. Sheikh Ahmed bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Foundation for Charity and Humanitarian Works and Managing Director of Abu Dhabi Investment Authority, has crashed on a lake in Morocco.
The pilot was rescued and he is in a good condition but search is still on for Sheikh Ahmed.
Abu Dhabi Investment Authority Managing Director Sheikh Ahmed bin Zayed Al Nahyan was missing after a glider he was in crashed into a lake in Morocco, the official Emirates News Agency reported.
The pilot of the sailplane was rescued and is in good condition, the state-run news service said, adding that the search for Sheikh Ahmed was continuing. The glider went down near Morocco’s capital Rabat March 26, according to the official Moroccan MAP news agency.
ADIA is one of the world’s largest sovereign wealth funds and managed an estimated $328 billion at the end of 2008, according to economists at the New York-based Council on Foreign Relations. Abu Dhabi possesses about 8 percent of the world’s oil supply.
Calls to the Investment Authority yesterday, the final day of the weekend in Abu Dhabi, weren’t answered. Neither news service provided further details.
Sheikh Ahmed is a younger brother of Abu Dhabi ruler and president of the United Arab Emirates Sheikh Khalifa bin Zayed. He took charge of ADIA in 1997, according to a BusinessWeek profile in 2008. The 41-year-old ranked No. 27 on the Forbes list of most powerful people last year. He’s also chairman of Zayed Bin Sultan Al Nahayan Charitable and Humanitarian Foundation.
Estimates of ADIA’s assets range from $300 billion to $800 billion. Sheikh Ahmed in a January interview with Handelsblatt declined to comment on the size of the fund, though he cited Abu Dhabi’s ruler as saying that the highest estimates were exaggerated. The fund’s global investments range from real estate to finance and hospitality.
this to me is a huge story and he is dead, the original story broke on the 26th but most mainstream is only picking it up now, so its also another little incident on the 26th of march along with the south korean ship sinking..this guy is not of the peasant variety..he is top shelf wealth..whats the connection to dubai? is this a hit on the family?..by who?..how did the pilot live when the shaikh didnt? whats the fallout if the uae suspects foul play?..is it payback for the “mossad” incident..or is it another source…lots of questions..something doesnt sound right with the pilot escaping unhurt and they cant find a body..maybe hes gone underground and faked his death because his fund is bankrupt?
a sailplane?..changed to a glider..whatever it was it sounds light and flimsy..
check out this discussion about timewave and march 26, we have 2 incidents now that are puzzles..the south korean ship and the shaik that occured on the 26th :