Sat, Oct 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 25.Jul 2012

Posted on 25 July 2012 by VRS |  Email |Print

Ellada KhankishiyevaIn less than 12 years of activity the State Oil Fund of Azerbaijan (SOFAZ) increased the volume of assets by more than 120 times. The increase in revenue of SOFAZ was not only due to receipt of large incomes from the sale of oil at high international prices, especially as the fund spend them each year, but also by proper and competent management.
If the Oil Fund accumulated only $271 million in 2001, then its assets reached $32.666 million on July 1, 2012………………………………………..Full Article: Source

Posted on 25 July 2012 by VRS |  Email |Print

Shahmar MovsumovState Oil Fund of Azerbaijan (SOFAZ) is considering real estate objects in several European countries and South-East Asia for investment, executive director of the Fund Shahmar Movsumov said at a press conference on the results of activity in the first six months of this year.
“In particular, we consider the objects of real estate in London, Paris, Rome, Moscow, Istanbul, as well as in Singapore, Malaysia and Indonesia,” the head of the foundation said………………………………………..Full Article: Source

Posted on 25 July 2012 by VRS |  Email |Print

Projecting of new administrative building of State Oil Fund of Azerbaijan (SOFAZ) has cost 2.6 million euro. SOFAZ’s Executive Director Shahmar Movsumov has reported that 2.6 millon euro were directed for new building projecting work.
“The new SOFAZ building is constructed by N.V.Besix S.A Belgian company. Total cost of the project is 84.916 million euro”,- Sh. Movsumov said………………………………………..Full Article: Source

Posted on 25 July 2012 by VRS |  Email |Print

The Central Bank of Azerbaijan reports of further moderate sustained growth of official reserve assets in 2012. The Bank informs that official reserve assets from January to July rose from $10.145 bn up to $10.907 bn. Foreign exchange reserves grew for Jan-June 2012 from $9.91 bn up to $10.669 bn and finances invested in securities from $1.86 bn up to $3.644 bn.
By 1 July 2012 Azerbaijan’s official reserve assets were estimated lower than 25% of its strategic foreign exchange reserves (about $44 bn)………………………………………..Full Article: Source

Posted on 25 July 2012 by VRS |  Email |Print

The President of President of the Chartered Institute of Stockbrokers (CIS), Mr. Ariyo Olushekun, has called on the Federal Government to invest significant portion of the Sovereign Wealth Fund (SWF) in the Nigerian capital market so as to safeguard the fund and grow the economy.
Olushekun made the call during a courtesy visit to the Chief Executive officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, in Lagos. According to him, the call came from the experience of other countries that lost part of the SWF in some foreign countries………………………………………..Full Article: Source

Posted on 25 July 2012 by VRS |  Email |Print

Federal Government would in the first week of next month announce the management team for the proposed Sovereign Wealth Fund (SWF). The Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, disclosed this yesterday in Lagos at a policy dialogue organised by the Nigerian Economic Summit Group (NESG).
This came as she explained that the account operated by the Nigerian National Petroleum Corporation (NNPC) with JP Morgan was necessitated by the commercial operations embarked upon by the corporation………………………………………..Full Article: Source

Posted on 25 July 2012 by VRS |  Email |Print

While many investors are avoiding the recession-hit eurozone, Qatar certainly isn’t one of them. The tiny country is a favorite to acquire a 42 U.K.-based portfolio of Marriott hotels in a deal worth up to approximately $1.1 billion.
The Sunday Times claimed the Qatar Investment Authority is the highest bidder, although its Gulf rival Abu Dhabi also is in contention. QIA is an investment company founded by Qatar in 2005 with the goal of strengthening the country’s economy by diversifying its assets. A decision about the hotels, which used to be owned by Whitbread, will be made in the next few weeks………………………………………..Full Article: Source

See more articles in the archive

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031