Thursday 2 October 2014
 
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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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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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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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