Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, sold 4.21 billion rupees ($70.2 million) worth of shares in India's Kotak Mahindra Bank in stock market deals on Monday, exchange data showed.
India paid a second installment of $550 million in oil dues to Iran on Tuesday (July 8) under an interim deal that allowed Tehran access to $4.2 billion in blocked fund globally, two industry sources said.
The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement.
The NBAD Cash Plus Fund allows investors to benefit from higher rates than conv
The Islamic Development Bank has launched a $2 billion infrastructure fund II (the IDB Fund II) to mark the 40th anniversary of the bank.
The IDB Fund II is the largest private equity infrastructure fund dedica
The Islamic Development Bank (IDB) has relaunched its infrastructure fund with backing from Saudi Arabia, Bahrain and Brunei, aiming to raise $2 billion - almost triple the size of the original fund.
Jeddah-based IDB, a multilater
Airbus Group and the Jeddah-based Islamic Development Bank (IDB) are seeding a sharia-compliant aircraft leasing fund to cater to growing demand for commercial financing from airlines in the Middle East, Asia and Africa.
The investment banking arm of Saudi Arabia's Al Rajhi Bank has received regulatory approval for its first mutual fund that will invest in sukuk (Islamic bonds), as demand for sharia-compliant debt rises in the Gulf's largest economy.
Lebanon is considering increasing an $800 million economic stimulus package allocated for this year because most of the funds have already been used up, the central bank governor said on Wednesday.
The war in n
Allegations that an American-funded development programme was being used to undermine regional governments, including Bahrain, have been denied by the US Embassy in Manama.
It follows concerns that the Mi
Saudi Arabia-based Kingdom Holding Company (KHC) is set to invest about $400 million in the Rizvi Opportunistic Equity Fund III.
The fund is specialised in pre-IPO opportunities in well-known and well-managed c