Central bank deposits that Egypt's Gulf allies pledged at an investment summit will arrive in the country within days, the state news agency quoted central bank governor Hisham Ramez as saying on Monday.
Kuwait, Saudi Arabia a
International asset management firms are showing renewed interest in setting up in the Gulf, drawn by markets performing better than those in more volatile emerging economies.
Despite high incomes and large sovereign wealth funds,
Sovereign wealth funds from the United Arab Emirates and Kuwait are among foreign investors that have pledged to buy shares in India's state-run Oil & Natural Gas Corp, the Economic Times reported on Monday.
Officials from the Kuwait
Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its $17 billion stake in China Construction Bank, sources with direct knowledge of the talks told Reuters.
Prime Minister Vladimir Putin promised to launch a new Russian privatisation drive before courting over lunch the heads of some of the world's largest sovereign wealth funds and money managers.
Putin, who ultimately holds the power to
Two Gulf Arab sovereign wealth funds are looking to borrow as much as $6.5 billion to help finance expansion, bankers said on Tuesday.
Bahrain’s $10 billion investment agency Mumtalakat Holdings is seeking $500 million to finance acq