Wednesday 7 December 2016
 
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Spain, Qatar plan $1bn joint investment fund

Spain and Qatar plan to sign a an agreement to form a $1 billion joint investment fund that would help the Gulf state invest in Latin America, said a senior official in a report. Ignacio Escobar, Ambassador of Spain to Qatar, said

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ADFD inks deal to build new soil museum in UAE

Abu Dhabi Fund for Development (ADFD) has signed a deal with International Centre for Biosaline Agriculture (ICBA) to build a soil museum in Dubai, UAE. The Emirates Soil Museum will be the first of its kind in the Middle East and

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Abu Dhabi hires advisers for fund merger

Abu Dhabi's government has hired Bain & Co and Landor Associates to advise on the merger of two of the emirate's biggest sovereign funds, a source familiar with the matter told Reuters. In late June, Abu Dhabi announce

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UAE healthcare firm Avivo aims to raise $500m in London float

UAE-based healthcare firm Avivo Group aims to list in London next March and raise around $500 million from the offering, its chairman told Reuters on Wednesday. The company is the latest from the emirates' burgeoning healthcar

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US sues to seize $1bn in assets tied to Malaysian state fund

US prosecutors are trying to seize more than $1 billion in assets they said were tied to money stolen from the Malaysian state fund, overseen by the prime minister, and used to finance "The Wolf of Wall Street" film, and to buy propert

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Saudi shipper Bahri, Apicorp launch $1.5bn fund

National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (Apicorp) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs).

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Saudi shipper Bahri, Apicorp launch $1.5bn fund

National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (Apicorp) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs).

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Abu Dhabi fund IPIC records $2.6bn loss in 2015

Abu Dhabi state investment fund International Petroleum Investment Co (IPIC) said it suffered a net loss of $2.6 billion in 2015, reflecting the blow to the wealthy emirate's finances from low oil prices. The loss compared wit

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Abu Dhabi fund IPIC records $2.6bn loss in 2015

Abu Dhabi state investment fund International Petroleum Investment Co (IPIC) said it suffered a net loss of $2.6 billion in 2015, reflecting the blow to the wealthy emirate's finances from low oil prices. The loss compared wit

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IPIC takes Malaysia fund dispute to London court

Abu Dhabi's state-owned International Petroleum Investment Company (IPIC) asked a London court to arbitrate in a dispute with Malaysian state fund 1MDB, in which it is claiming about $6.5 billion, IPIC said on Tuesday. The sub

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