Sunday 29 May 2016
 
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Bahrain sovereign fund net profit drops 68.7pc

Bahraini sovereign fund Mumtalakat reported a 68.7 percent drop in 2015 net profit on Sunday, as the state-owned investor cited impairment losses for the decline. Net profit in 2015 was $76.3 million against $243.6 million in the

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Saudi Arabia to transfer KAFD ownership to state wealth fund

Saudi Arabia is to transfer ownership of Riyadh's floundering King Abdullah Financial District (KAFD) to the Public Investment Fund (PIF) from the Public Pension Agency (PPA), according to four sources aware of the matter. The

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Saudi Arabia to transfer KAFD ownership to state wealth fund

Saudi Arabia is to transfer ownership of Riyadh's floundering King Abdullah Financial District (KAFD) to the Public Investment Fund (PIF) from the Public Pension Agency (PPA), according to four sources aware of the matter. The

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Leaders set landmark global goals for pricing carbon pollution

Six heads of state and government, two city and state leaders, and the heads of the World Bank Group, the International Monetary Fund and the OECD today agreed on an ambitious global target for putting a price on carbon pollution. The l

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IMF pledges more support to spur global growth

International Monetary Fund managing director Christine Lagarde said the fund would do more in 2016 to help its members meet economic growth objectives, including devoting more resources to protect vulnerable countries.  

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Mystery deepens over 1MDB's $3.5bn sent to BVI entity

The mystery over who controlled a British Virgin Islands-registered company that received $3.5 billion from Malaysia’s scandal-tainted state fund 1MDB deepened on Monday when a company in the Middle East with an almost identical name sai

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Saudi gives $230m to fund projects in Morocco

Saudi Arabia has contributed $230 million dollars to fund health projects, agricultural development and construction in Morocco, according to a report.   As much as $80 million will be used to build the first pha

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Saudi gives $230m to fund projects in Morocco

Saudi Arabia has contributed $230 million dollars to fund health projects, agricultural development and construction in Morocco, according to a report.   As much as $80 million will be used to build the first pha

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Saudi plans $2 trillion fund for post-oil era

Saudi Arabia plans to set up a $2 trillion megafund for post-oil era, Bloomberg reported, citing Saudi deputy crown prince Mohammed bin Salman.   "Deputy Crown Prince Mohammed bin Salman laid out his vision

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Oil prices, interest rates to lift fixed income assets

Demand for high-quality fixed income assets will remain insatiable this year, as long as oil prices and interest rates stay low, according to a recent review.   This was the outlook of Bahrain-based Securities an

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