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Gulf funds to buy stake in India's ONGCSovereign 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 More… |
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BofA talks to Gulf funds on CCB stake saleBank 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. Bank o More… |
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Russian Premier Putin woos Gulf fundsPrime 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 More… |
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Gulf wealth funds eye $6.5bn loan for expansionTwo 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 More… |
