Monday 1 September 2014
 
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IMF to loan $560m to Yemen

Yemen has reached agreement with the International Monetary Fund on a $560 million loan, the finance minister said on Friday, after the government cut fuel subsidies and ordered curbs on public spending. The second poorest Arab country

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GCC fund for Bahrain to spur major new projects

Developing infrastructure and improving housing remains the principal focus of projects being planned in Bahrain using the GCC Development Fund, it was declared. Thirty-seven per cent of the projects already in the pipeline have been al

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Fund planned to protect inter-Arab investments

An Arab marine resources holding company and a national fund for the protection of inter-Arab investments could be set up soon, the General Union of Arab Chambers of Commerce, Industry and Agriculture general sec

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Bahrain fundraiser for Gaza extended

A nation-wide fundraiser in support of Palestinians in the war-ravaged Gaza Strip has been extended by one week in Bahrain.   Royal Charity Organisation (RCO) board of truste

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Saudi state fund plans housing firms

Saudi Arabia's Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim Al-Assaf said. His

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Saudi state investment fund to set up new firms

Saudi Arabia's Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim Al-Assaf said. His

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NBAD Dividend Leader fund wins top honour

The National Bank of Abu Dhabi’s (NBAD) Mena Dividend Leader Fund has been voted ‘Newcomer Fund of the Year 2013’ by Zawya at the Mena Asset Management Conference and Awards 2014 held in Dubai recently.  

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Gulf Capital invests $30m in EKI to open schools

Gulf Capital, a leading alternative investment firms in the Middle East, has invested $30 million in Evolvence Knowledge Investments (EKI) through Gulf Credit Partners, its regional fund, to help fund the roll out of schools across the GCC.

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Abu Dhabi fund sells Kotak Mahindra stake

Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, sold 4.21 billion rupees ($70.2 million) worth of shares in India's Kotak Mahindra Bank in stock market deals on Monday, exchange data showed.

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India pays $550m oil dues to Iran

India paid a second installment of $550 million in oil dues to Iran on Tuesday (July 8) under an interim deal that allowed Tehran access to $4.2 billion in blocked fund globally, two industry sources said.   Asia

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