Tuesday 24 October 2017
 
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Investment fund

Saudi, China investment fund size put at $20bn

Saudi Arabia and China plan to establish and operate jointly a $20 billion investment fund, Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih has been quoted as saying by Reuters. Al-Falih was speaking on th

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54 face fund fraud charges in Abu Dhabi

A total of 54 suspects will face charges of fraud, money laundering and practising an economic activity while unlicensed in an investment fund fraud case related to car trade in Abu Dhabi, UAE, a report said. Attorney-General of A

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Joint $3bn fund to serve Saudi Arabia and Jordan

The formation of a new company that will run the Saudi-Jordanian Investment Fund was a milestone in the implementation of a project that would serve the interests of Saudi Arabia and Jordan, media sources quoted a senior official.

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Saudi Arabia, Egypt sign $16bn investment fund pact

Egypt and Saudi Arabia signed an agreement late on Saturday to set up a SR60 billion ($16 billion) investment fund among other investment agreements including an economic free-zone to develop Egypt's Sinai region, Egyptian state television r

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UAE, China to set up $10bn strategic investment fund

The United Arab Emirates and China have launched a joint strategic investment fund worth $10 billion, the two countries said in a joint statement on UAE state news agency WAM. The fund will be administered and managed by

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Saudi reshuffles govt funds under finance ministry

Saudi Arabia has moved authority over big institutional funds from the finance ministry to other ministries, to allow the finance ministry to focus on its core budget responsibilities, state news agency SPA reported on Monday, citing a royal dec

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Gulf Capital $750m fund to invest in 10-12 firms

Abu Dhabi-based buyout firm Gulf Capital is looking to invest in 10-12 companies over five years with the launch of its third private equity fund of $750 million, its chief executive said on Sunday. "We are making offers and

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Mubadala, France's CDC launch $414m fund

Abu Dhabi state-owned investment fund Mubadala Development Company and France's CDC International Capital on Tuesday launched a 300 million euro ($414 million) investment vehicle to invest in a wide range of sectors in France.

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Mubadala to set up $2bn Russia investment fund

Abu Dhabi-based Mubadala Development Company said it has joined hands with Russia's state-backed private equity fund, the Russian Direct Investment Fund (RDIF) to set up a $2 billion fund for investment in pr

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Barclays sees ME driving investment bank

The Middle East will be an important growth area in coming years for investment banks, including Barclays, as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said. 'If

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