Middle Eastern sovereign wealth funds liquidated or cancelled investments worth about seven per cent of their total assets last year, according to a study released on Monday by asset manager Invesco, in a sign of pressure from low oil prices.
Abu Dhabi National Energy Company (Taqa) said on Wednesday that it is not in talks with any entity to sell its oil and gas assets.
The brief statement to Abu Dhabi's stock exchange did not elaborate.
Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll.
Net foreign assets held by the central bank
Investing in non-financial assets such as friends and family is crucial to living longer, according to an industry expert.
“Every generation is living 10 to 15 years longer than their parents’ generation,” added
Conrad Hotels & Resorts, Hilton Worldwide's luxury hotel portfolio for the new smart luxury traveller, today signed a management agreement with Assets Real Estate Development Company for a 325-room property in Doha, Qatar.
The UAE central bank has told banks to freeze the assets of two former senior officials in Abu Dhabi's state-owned International Petroleum Investment Co (IPIC) group, banking sources told Reuters.
In a circular, the central ba
Net foreign assets at Saudi Arabia's central bank declined 3.1 per cent in December from the previous month to SR2.283 trillion ($609 billion), the central bank said on Thursday.
Assets dropped 15.9 per cen
Spanish telecommunications company Telefonica SA has expressed interest in buying AT&T Inc's pay TV assets in Latin America, which could be valued at around $10 billion, according to people familiar with the matter.
A government-appointed auctioneer has sold off a Mumbai restaurant once owned by India's most wanted man, fugitive mafia boss Dawood Ibrahim, in a rare sale of seized property that attracted wary bidders and tight security on Wednesday.
Teva Pharmaceutical Industries Ltd is in the process of divesting about $1 billion worth of assets to address antitrust concerns over its deal to buy Allergan Plc's generic drugs business, people familiar with the matter said.