Thursday 3 September 2015
 
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Expats funding key projects in Pakistan

Infrastructure projects worth hundreds of thousands of dinars are being initiated in remote areas of Pakistan by its nationals living in Bahrain. They will include a hospital, irrigation pumps, six pharmacies, a bridge and maintenance of mosqu

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KBBO Group plans $1bn IPO of merged subsidiaries

UAE’s privately-owned KBBO Group plans to merge two of its investment firms and then raise more than $1 billion from listing a stake in the combined entity in either London or New York, two sources with knowledge of the matter said on Wedn

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UAE-India to set up $75bn investment fund

The UAE and India agreed today to set up an infrastructure investment fund that could total $75 billion to support investment in India's plans for rapid expansion of next generation infrastructure. The UAE-India Infrastructure

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New GCC fund focuses on Indian real estate

A new fund that offers GCC investors an opportunity to invest in India’s mid-income residential real estate growth has been launched by global asset management firm ArthVeda Fund Management. With a corpus of $250 million, the Star Fund I

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Iran spends 65pc defense budget on 'financing militant groups'

Alarm has been expressed after a study found that Iran allocates 65 per cent of its defence budget to fund terrorist activities in the region. BDF chief of staff Major General Shaikh Daij bin Salman Al Khalifa voiced concern at the figure &nbs

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Russian fund signs Islamic finance deal with SRB

Shariyah Review Bureau (SRB), a leading shari’a advisory company, has signed a strategic partnership with Islamic Business and Finance Development Fund (IBFD Fund), a leading Russian organisation dedicated to the development of Islamic F

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Oman approves funding for water desalination projects

Oman has approved funding for research projects that aim to harness renewable energy sources for water desalination in the Sultanate, according to a report.   The move by the Research Council has been designed to

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Bangladesh cbank to set up $500m fund for manufacturing

Bangladesh's central bank will set up $500 million of funding for the country's manufacturers, in an effort to stimulate economic growth, the head of the bank said on Thursday. The money will be split between two funds, on

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India AIDS fight hit by funding crisis

India's fight against AIDS is being jeopardised by a cut in social spending by Prime Minister Narendra Modi's government, with health workers being laid off and programmes to prevent the spread of the deadly disease curtailed.

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Oman fund set to seek ruling over Bulgarian bank collapse

Oman's biggest sovereign wealth fund is set to seek an arbitration ruling against Bulgaria over the collapse of Corporate Commercial Bank (Corpbank), a source familiar with the situation told Reuters. Oman's State General

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