Fri, May 14, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 27.Jan 2011

Posted on 27 January 2011 by VRS |  Email |Print

From WSJ: Israel hopes to establish its first sovereign-wealth fund with revenues from recent offshore natural-gas finds within one year, the head of Israel’s National Economic Office, Eugene Kandel, said on Wednesday. “It’s not a fantasy,” Mr. Kandel said. “We are working to implement this within the year.”
In 2009, a partnership that included Texas Based Noble Energy Inc. and Israeli oil companies discovered Tamar, an offshore gas field containing eight trillion cubic feet of natural gas. It was the largest gas find in the world in 2009 and the largest ever for Israel at the time……………………………………….Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Arabianbusiness.com: Sovereign wealth funds in the oil-rich Gulf should pledge a portion of their capital to support local businesses, former US President Bill Clinton has said. Clinton said small and medium-sized businesses were key to diversifying the Gulf’s oil-dependent economies and creating jobs for its youth.
“I believe a lot of countries’ sovereign wealth funds are set up make major big investment. A portion of [their capital] should be set aside for small to medium sized enterprises for new businesses and expansion,” Clinton said……………………………………….Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Arabianbusiness.com: Bahrain’s sovereign wealth fund Mumtalakat is looking at equity returns of as high as 15 percent this year, chief executive Talal Al Zain said on Wednesday.
“Our outlook going forward in 2011… we are looking at returns at anywhere from 5 to 15 percent that we expect to generate from shares,” Al Zain told Reuters on the sidelines of the World Economic Forum……………………………………….Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Emirates247.com: A drive by the Abu Dhabi Investment Authority (Adia) to nationalise jobs is paying off, with the number of citizens working in the world’s largest sovereign wealth fund peaking at 500, an official has said.
More than 60 nationals were employed by the government-controlled Fund in 2010 alone, bringing the size of the national workforce to nearly 38 per cent of Adia’s total employees of about 1,300, said Mohammed Al Hamli, who represented Adia at a job exhibition being held in the capital……………………………………….Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Arabianbusiness.com: Qatar is unlikely to raise its 10 percent stake in German automaker Porsche though it is in talks on potential cooperation in several areas. The Gulf Arab state, through its sovereign wealth fund Qatar Investment Authority, bought a 10 percent stake in Porsche for $10bn in September 2009.
Porsche SE is to be subsumed into Volkswagen’s empire, with shareholders set to receive stock in Europe’s largest carmaker once their own company is debt-free as part of a planned merger……………………………………….Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Arabianbusiness.com: Volkswagen’s third-largest shareholder Qatar Holdings, part of the country’s sovereign wealth fund, will receive another supervisory board seat after the annual general meeting in May, Lower Saxony prime minister David McAllister said in an interview.
“It’s pretty obvious that Qatar will get a second seat,” McAllister, who represents Lower Saxony on the board, said on Wednesday in Doha. “We are very glad that Qatar has committed itself.” Lower Saxony is VW’s second-biggest owner……………………………………….Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Gulfnews.com: Abu Dhabi government-owned Mubadala Development Company said yesterday its unit Mubadala Real Estate and Hospitality (MREH) has entered into a joint venture with Gulf Related, a regional real estate development company to develop, lease, and operate ‘The Galleria at Sowwah Square’, a signature retail and dining concept in Sowwah Square.
Sowwah Square is a premium commercial real estate development located at the heart of Abu Dhabi’s new Central Business District (CBD) on Sowwah Island……………………………………….Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Bloomberg: President Dmitry Medvedev said Russia plans to create a “special sovereign fund” to attract foreign capital. Russia, holder of the world’s third-largest reserves, has stowed away its oil wealth in two sovereign wealth funds, created after the splitting of its Stabilization Fund in January 2008.
“It may make sense now to think about creating a special sovereign fund that comprises state property and money to attract an array of private investments from abroad and within the country,” Medvedev said………………………………………Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Atimes.com: One set of policies would be to establish stabilization and sovereign wealth funds with the windfall profits from commodities exports to China and beyond. Chile’s stabilization fund allows the government to have funds on hand to stabilize the economy when copper prices are volatile.
Such a fund enabled Chile to have the largest stimulus package to respond to the financial crisis in Latin America. Peru has set up a sovereign wealth fund from copper and silver exports - a fund that could be used for public investment……………………………………….Full Article: Source

Posted on 27 January 2011 by VRS |  Email |Print

From Businessspectator.com.au: Asia Pacific budget carrier Jetstar is aiming to grow its Asian business by at least 30 per cent this year and is looking to open routes to Europe and North America when it takes delivery of the long-delayed Boeing 787 Dreamliner in 2012. Singapore state investor Temasek Holdings controls 19 per cent of the Asian operation.
The move would put the Melbourne-based airline, which has an Asian hub in Singapore, in competition with Malaysia’s Air Asia X and potentially with some established long-haul full service carriers such as Singapore Airlines……………………………………….Full Article: Source

See more articles in the archive

banner
banner
banner
banner
May 2021
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31