Saturday 30 May 2015
 
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Malaysia's 1MDB secures $1bn from Abu Dhabi fund

Malaysia's loss-making state fund 1MDB has signed a deal securing $1 billion in funding from Abu Dhabi, days ahead of a looming deadline to repay a loan of that size, in what the government said was a significant step toward easing debt worr

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Orpic borrows $910m from local, Gulf banks

State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) has taken out a RO350 million ($910 million), ten-year loan from local and regional banks, part of which will be used to fund expansion projects, the company said on Friday.

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One-off pension payment agreed for Bahraini private staff

Bahrainis working in the private sector could soon be eligible for a one-off payment from the Pension Fund Authority (PFA) if they complete just five years of service and then quit. Currently, employees are required to work for 15

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Barclays launches $154m fund for UK tech firms growth

Barclays launched a new 100 million pound ($154 million) fund on Friday to lend cash to fast growing British technology firms who may not want to sell an equity stake. Barclays said it will lend up to five million pounds for three

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Aston Martin secures $300m to fund new models

British luxury carmaker Aston Martin has raised 200 million pounds ($307 million) in an equity issue, backed by its major shareholders, to fund its expansion into crossovers. The 102-year old company, James Bond's carmaker of

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Tadhamon Capital exits from aviation equipment fund

Tadhamon Capital has announced an early exit from and liquidation of the 'Tadhamon Aviation Equipment Fund' delivering dividends to investors. Proceeds from the exit were not disclosed, said a report in the Gulf Daily

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Tadhamon Capital exits from aviation equipment fund

Tadhamon Capital has announced an early exit from and liquidation of the 'Tadhamon Aviation Equipment Fund' delivering dividends to investors. Proceeds from the exit were not disclosed, said a report in the Gulf Daily

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Abu Dhabi fund eyes Italian airport business

An Abu Dhabi sovereign fund is interested in buying a minority stake in Atlantia's airport business Aeroporti di Roma, the chief executive for the Italian motorway and airport operator said. Atlantia's CEO also said the co

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Gates Foundation approves emergency funding for Yemen

The Bill & Melinda Gates Foundation has approved funding of $800,000 for the International Medical Corps (IMC), a leading global first responder, to deliver emergency relief through the 78 health facilities it supports across Yemen, includin

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Exchange traded funds to play vital role in Mena

Globalisation for Middle East and North Africa (Mena) securities exchanges is now about putting down roots at home as opposed to global mergers, experts concur. Capital markets experts who have come together at the Arab Federation

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