Wed, Aug 27, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 28.Jun 2010

Posted on 28 June 2010 by VRS |  Email |Print

From Btimes.com.my: Muslim economies should consider setting up a supra-sovereign wealth fund, given the shifting in investment fund flows to the East, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah. The combined Muslim economies of Asia, Middle East, Central Asia and Africa (or MAMICA) are contributing significantly to global growth.
“The fund is to invest in MAMICA manufacturing, services, natural resources and portfolio investment sectors, providing returns that are compatible to the global sovereign wealth funds industry,” he said……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From Reuters: Abu Dhabi’s Aabar Investments tumbled on Sunday after setting the date for a shareholder meeting to discuss de-listing the firm. The world’s only listed sovereign wealth fund has called a July 26 shareholder meeting to debate plans to convert into a joint stock company.
Middle East markets fell as an end-of-week surge in oil prices failed to outweigh gloom over declines in world equities following fresh doubts about a global economic recovery……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From Arabianbusiness.com: Bahrain Mumtalakat Holding Co, the Arabian Gulf country’s sovereign wealth fund, said its loss for 2009 more than doubled from a year earlier due to “the truly global effects of the economic crisis.”
The net loss widened to 183 million dinars ($485 million) from $183 million in 2008. Revenue fell 28 percent to $2.75 billion from $3.84 billion a year earlier, the company said in an e-mailed statement today……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From Bloomberg: The real-estate investment arm of Qatar’s sovereign-wealth fund wrongfully backed out of a deal to redevelop London’s landmark Chelsea Barracks site after the plan was opposed by Prince Charles, a judge ruled.
Qatari Diar Real Estate Investment Co. breached its contract with U.K. developer CPC Group Ltd., controlled by real- estate entrepreneur Christian Candy, and must pay damages in an amount to be determined later, Judge Geoffrey Vos ruled today. CPC is seeking as much as 81 million pounds ($121.1 million)……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From Reuters: Infrastructure for Qatar’s Energy City will be completed this year. Energy City is being developed by Qatari Diar, the property wing of the country’s sovereign wealth fund, the Qatar Investment Authority.
First tenants will move in at the end of 2011, with the project to be completed in full in 2012, Hesham Al-Emadi told Reuters……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From Bloomberg: The Qatar Investment Authority, the Persian Gulf country’s sovereign wealth fund, this month agreed to invest $2.8 billion in the Agricultural Bank of China Ltd.’s initial public offering. Kuwait Investment Authority, the wealth fund in neighboring Kuwait, said it would buy $800 million of stock.
The Qatar wealth fund has also been buying up properties in London to take advantage of lower prices and the pound’s weakness……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From Kuwaittimes.net: The Kuwait Fund, and its investment arm the Kuwait Investment Authority, has the leverage coupled with the determination of HH the Amir Shiekh Sabah Al-Ahmad Al-Sabah to upgrade and ensure that Kuwait clearly emerges in the upcoming decade as a center for international trade, regional diplomacy, home to a rich culture of Arab and Islamic art.
Location is key. Any realty broker will tell you about the importance of having an estate in a prime location near all the main utilities that a modern household needs……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From Reuters: Indian hospital operator Fortis Healthcare said the Government of Singapore Investment Corp (GIC) had decided to defer a preferential investment but the sovereign wealth fund will evaluate participating in broader fund raising by Fortis.
Controlled by Indian billionaire brothers Malvinder Singh and Shivinder Singh, Fortis is pitted against Malaysian state fund Khazanah for control of Parkway Holdings………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From Thejakartaglobe.com: Singapore’s state investment fund Temasek plans to invest up to $300 million in the Agricultural Bank of China, ahead of its roughly $20 billion IPO, a source with direct knowledge of the matter said over the weekend.
Temasek’s commitment to China’s third largest bank is a positive step for the offering, though it is less than the $1 billion that AgBank’s underwriters are hoping to get from Middle East and Asian sovereign wealth fund investors……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 28 June 2010 by VRS |  Email |Print

From AFP: Eleven so-called cornerstone investors — including Qatar’s sovereign investment fund, British bank Standard Chartered and Hong Kong’s richest tycoon Li Ka-shing — are pouring money into the massive sale, which is expected to fetch as much as 24 billion US dollars ahead of the bank’s trading debut in Hong Kong and Shanghai next month.
Estimates for the IPO — which starts Wednesday — have ranged from about 19 billion US dollars to 30 billion US dollars as market volatility left a key question mark over the sale’s chances of smashing previous records……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

See more articles in the archive

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031