Friday 27 February 2015
 
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Islamic State threatens security of oil firms

A key source of funding for the Islamic State is illicit oil trafficking, which has led to huge financial losses for the affected oil companies, according to recent reports. IS also poses major security concerns for these companie

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Mumtalakat ranked among world's best in transparency

Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has been ranked among the world's most transparent sovereign wealth funds. Mumtalakat was rated 10 out of 10 in the 2015 Linaburg-Maduell Transpar

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Wethaq Takaful Egypt to launch 2 real estate funds

Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report. The funds will include real estate investments varie

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Wethaq Takaful Egypt to launch 2 real estate funds

Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report. The funds will include real estate investments varie

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Key Tenmou-backed app raises $300,000 funding

Tenmou, Bahrain's first 'Business Angels' company, has announced that 'eat' - an app that allows users to create restaurant reservations online, has raised $300,000 in the second round of funding. With this add

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UAE fund eyes $100m finance buyout by June

Abu Dhabi Financial Group (ADFG) aims to complete the $100 million buyout of a local financial services firm by June, strengthening a shift towards expanding its business via acquisitions, its chief executive said on Tuesday. It w

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Citi loses appeal over Abu Dhabi fund's arbitration

Citigroup on Wednesday lost an appeal aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund's $7.5 billion investment in late 2007 to shore up the then-struggling bank.

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Abu Dhabi fund completes Kabul housing project

Abu Dhabi Fund for Development (ADFD) said that construction work has been completed at its $167-million residential housing development in Kabul, Afghanistan, and was set for hand over in July. The work is under way to complete t

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DIC launches sale of German aluminium group Almatis

Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its liabilities in the wake of a debt restructuring, three people familiar with the deal said. DIC has ma

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Saudi minister says no need for sovereign wealth fund

Saudi Arabia's Finance Minister said there was no need for the kingdom to create a sovereign wealth fund to manage its oil wealth, rebuffing suggestions by prominent officials and businessmen. At present, the surplus petrodoll

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