Saturday 19 April 2014
 
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Investors monitoring Pimco after internal strife

Several US institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bil

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Batelco backs Royal Fund for Martyrs

Batelco, Bahrain’s leading telecom operator, has backed the Royal Fund for Martyrs with a contribution of BD100,000 ($263,804). The fund has been established by the Deputy King, His Royal Highness Prince Salman bin Hamad Al

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$2.6m Royal Fund for martyrs set up

The Royal Fund for Martyrs of Duty was set up last night by Deputy King His Royal Highness Prince Salman bin Hamad Al Khalifa  with an initial allocation of BD1 million ($2.6 million). Following the orders of His Majesty the

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Hedge funds to hit $3 trillion

Hedge funds are expected reach a record breaking $3 trillion by the end of this year, as compared to $2.6 trillion last year, said a report. Deutsche Bank’s 12th annual Alternative Investor Survey said this is based on inves

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Sedco Capital names new fund manager

Sedco Capital, a Saudi Arabian asset manager and leading provider of shariah-compliant investment solutions, has appointed Yazan Abdeen as its fund manager. In his new role, Abdeen will provide clients with a fundamentally based i

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New fund plan to promote culture in Bahrain

A new fund to support cultural and national heritage could be launched in Bahrain. The Cabinet yesterday initially approved the proposal, which aims to establish a national fund in partnership with the public and private sector, s

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Mideast SWFs invest in European industrial market

The European industrial and logistics real estate market saw more investment from sovreign wealth funds (SWF) in the Middle East, said a report. It has attracted more than 14 billion euros ($19.1 billion) of investment in 2013, th

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Bahrain spends $4.4bn GCC aid on projects

Bahrain has spent $4.434 billion of the GCC ‘Marshall Plan’ on the first phase of development projects. This was revealed yesterday by  Deputy Premier and Ministerial Committee for Services and Infrastructure chai

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WARNING: UAE banks must help write off debt

Commercial banks in the UAE, a major financial hub, have been warned to help write off the debts of UAE citizens or face punitive measures, local media reported on Thursday, quoting a senior government official. Banks must coopera

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Khalifa Fund hosts 40 farmers at summit

Khalifa Fund for Enterprise Development has hosted 40 leading farmer delegates from around the world at the second International Water Summit (IWS) in Abu Dhabi. This was in support the International Year of Family Farming 2014 in

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