Tuesday 29 July 2014
 
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Fund planned to protect inter-Arab investments

An Arab marine resources holding company and a national fund for the protection of inter-Arab investments could be set up soon, the General Union of Arab Chambers of Commerce, Industry and Agriculture general sec

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Bahrain fundraiser for Gaza extended

A nation-wide fundraiser in support of Palestinians in the war-ravaged Gaza Strip has been extended by one week in Bahrain.   Royal Charity Organisation (RCO) board of truste

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Saudi state fund plans housing firms

Saudi Arabia's Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim Al-Assaf said. His

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Saudi state investment fund to set up new firms

Saudi Arabia's Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim Al-Assaf said. His

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NBAD Dividend Leader fund wins top honour

The National Bank of Abu Dhabi’s (NBAD) Mena Dividend Leader Fund has been voted ‘Newcomer Fund of the Year 2013’ by Zawya at the Mena Asset Management Conference and Awards 2014 held in Dubai recently.  

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Gulf Capital invests $30m in EKI to open schools

Gulf Capital, a leading alternative investment firms in the Middle East, has invested $30 million in Evolvence Knowledge Investments (EKI) through Gulf Credit Partners, its regional fund, to help fund the roll out of schools across the GCC.

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Abu Dhabi fund sells Kotak Mahindra stake

Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, sold 4.21 billion rupees ($70.2 million) worth of shares in India's Kotak Mahindra Bank in stock market deals on Monday, exchange data showed.

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India pays $550m oil dues to Iran

India paid a second installment of $550 million in oil dues to Iran on Tuesday (July 8) under an interim deal that allowed Tehran access to $4.2 billion in blocked fund globally, two industry sources said.   Asia

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NBAD launches liquidity management fund

The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement. The NBAD Cash Plus Fund allows investors to benefit from higher rates than conv

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IDB launches $2bn infrastructure fund

The Islamic Development Bank has launched a $2 billion infrastructure fund II (the IDB Fund II) to mark the 40th anniversary of the bank.   The IDB Fund II is the largest private equity infrastructure fund dedica

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