Wednesday 26 November 2014
 
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ICT Fund invests $435m in projects in the UAE

The Information and Communication Technology (ICT) Fund, which works under UAE’s Telecom Regulatory Authority (TRA), has invested more than Dh1.6 billion ($435.5 million) in the last six years in the ICT sector, according to a report.

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Bahrain donates $1m to UN's Ebola fund

Bahrain has contributed around $1 million to a United Nations (UN) fund to fight Ebola. The UN Ebola Response Multi-Partner Trust Fund, which now totals almost $1 billion, is meant to "ensure a coherent UN system contribution

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Abu Dhabi fund Aabar ups Arabtec stake to 34.9pc

Abu Dhabi state fund Aabar Investments raised its stake in Dubai-listed construction firm Arabtec to 34.93 per cent from 18.94 per cent with an off-market trade on Tuesday, the bourse said in a statement. The trade, which made Aab

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Canary Wharf owner rejects Qatar fund bid

Songbird Estates, the majority owner of London's Canary Wharf, has rejected a 2.2 billion pound ($3.5 billion) takeover proposal from Qatar Investment Authority and Brookfield Property Partners, saying it "materially undervalued" t

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Canary Wharf owner rejects Qatar fund bid

Songbird Estates, the majority owner of London's Canary Wharf, has rejected a 2.2 billion pound ($3.5 billion) takeover proposal from Qatar Investment Authority and Brookfield Property Partners, saying it "materially undervalued" t

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Bahrain forum to fight terror funding

A major international forum on combating terror financing will open in Bahrain on November 9. Delegations from more than 30 countries will attend the 'Manama Conference on Combating Terrorism Funding,’ said a report in t

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Swicorp, Nesaj close key real estate fund

Swicorp, a leading Saudi investment banking, private equity and asset management firm focused on the Middle East and North Africa (Mena) region and Turkey, said it has successfully closed private placement subscriptions for the Al-Dhawahi Real E

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Etihad to raise $2bn to fund stake buys, aircraft

Abu Dhabi's Etihad Airways is on track to raise about $2 billion in loans this year to fund its equity investments around the world and aircraft purchases, its chief financial officer said. Etihad has aggressively pursued a gl

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Terror funding clamp in focus at Bahrain summit

Blocking financial funding of an extremist organisation threatening the region will be the focus of a major conference to be hosted by Bahrain. Foreign Affairs Minister Shaikh Khalid bin Ahmed Al Khalifa said it was essential to d

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Saudi Arabian fund to buy Posco unit stake

South Korean steelmaker Posco is considering selling part of a stake in its construction unit Posco Engineering & Construction (Posco E&C) to an unidentified Saudi Arabian fund in a deal worth nearly 1 trillion won ($966.28 million), sai

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