Mon, May 17, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 28.Nov 2011

Posted on 28 November 2011 by VRS |  Email |Print

Lou JiweiChina is keen to invest in the ailing infrastructure of Western countries, especially Britain, the chairman and chief executive of the Asian country’s sovereign wealth fund wrote in the Financial Times.
“Now, infrastructure in Europe and the U.S. badly needs more investment,” China Investment Corporation’s (CIC) Lou Jiwei wrote in an op ed piece. He said while China had traditionally confined itself to the role of contractor in overseas infrastructure projects, the country’s investors now saw a need to invest in, develop and operate such projects………………………………………..Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

Morocco’s King Mohammed VISovereign wealth funds from Abu Dhabi, Qatar and Kuwait led pledges to invest almost $3 billion in Morocco.Qatar’s sovereign wealth fund and the Moroccan state agreed to establish a 50-50 investment joint venture worth $2 billion that aims to help Rabat fund major development projects, a statement from the Moroccan government said.
Visiting Qatari ruler Sheikh Hamad bin Khalifa Al Thani and Morocco’s King Mohammed VI attended the signature ceremony for the agreement in Rabat to set up the joint venture fund between the Qatar Investment Authority (QIA) and its Moroccan equivalent………………………………………Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

Qatar’s sovereign wealth fund and the Moroccan state agreed to establish a 50-50 investment joint venture worth $2 billion that aims to help the cash-strapped North African economy fund major development projects.

Visiting Qatari ruler Sheikh Hamad bin Khalifa al-Thani and Morocco’s King Mohammed signed an agreement in Rabat to set up the joint venture fund between the Qatar Investment Authority and its Moroccan equivalent, a Moroccan government statement said………………………………………Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

President Goodluck Ebele Jonathan has been commended by international investors for actions taken by his administration to make Nigeria much more attractive to multinational companies and other operators in the global economy.
Executives of leading global companies including Hewlett Packard, Mitsubushi, Credit Suisse, Xenel, Saipem, Larfarge, Siemens, Arcelor Mittal, Total and Shell who serve on Nigeria’s Honorary International Investment Council noted that as a direct result of measures and policies being implemented by the Jonathan Administration, the risk level for investments in Nigeria was declining while the risk level of more developed economies remained high………………………………………Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

Nigeria is one of only three OPEC member states not to have a Sovereign Wealth Fund (SWF) - the other two being Iraq and Ecuador. A number of oil rich economies have put in place SWFs consisting of financial assets, with a view to safeguarding national wealth.
But Nigeria’s newly re-appointed Finance Minister Ngozi Iweala has placed the creation of the Nigeria Sovereign Investment Authority (NSIA), high on her list of priorities. This has gained aplomb from some and real scepticism from others, particularly the powerful state governors………………………………………Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

On issue of the Sovereign Wealth Fund (SWF), the Minister of Finance, the Vice-President, Economics/Prime V1inister declared on the television few days ago that “there is no Joing back on the account of SWF” because that is the capacity hat she now operates. She said it has already been opened with he 1 Billion U.S. Dollars from the Excess Crude Oil Account.
In he 1999 Constitution of the Federal Republic of Nigeria, there is 10 provision for Excess Crude\Oil Account. The 1999 Constitution )f the Federal Republic of Nigeria provides that “the Federation :hall maintain a special Account to be called “the Federation Account” into which shall be paid all revenues collected by the government of the Federation, Section 162 (1)………………………………………Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

India’s foreign exchange reserves have had the steepest three-week fall since the collapse of Lehman Brothers Holdings in 2008, as the Reserve Bank of India wages a half-hearted battle to arrest the currency’s fall amid turbulence in the international financial markets.

Adecline in the value of other assets, such as the Euro and treasury of other nations, also had an impact on the reserves, as investors’ most-favoured asset remained the US dollar. Funding of high imports may also have contributed to the fall in foreign exchange reserves, economists said………………………………………Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

Chennai-based eyecare and dental hospitals chain, Vasan Healthcare, is planning to raise around $120 million (approximately Rs 624 crore) from a sovereign wealth fund shortly to support the expansion of its clinics chain and its proposed foray into the eye wear business.

“The money will be raised from a single investor. We are likely to close the deal in a couple of weeks,” AM Arun, chairman of Vasan Healthcare. He said the fund-raising will be from one of the largest sovereign fund. He, however, declined to spell out the name of the investor………………………………………Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

China’s sovereign wealth fund may give “indirect” support to Europe through investments without being the nation’s main route for any aid, said Jesse Wang, the executive vice president of China Investment Corp.

The fund “wouldn’t be the main channel” if China helps tackle the sovereign-debt crisis, Wang said in an interview at a forum in Beijing yesterday. “However, if during such a process there are good investment opportunities in Europe and if CIC’s investment helped the destination company or country to recover and developed the economy, that would be indirect support.”………………………………………Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

As Europe looks set to go cap in hand to China to ask for bailout funds to resolve the eurozone crisis, the growing influence of Asian sovereign wealth funds is shifting the balance of investor power in European private equity.

Government-backed Asian investment funds are increasing their support to the European private equity industry, making up for the shortfall in capital from traditional investors……………………………………….Full Article: Source

Posted on 28 November 2011 by VRS |  Email |Print

A unit of Khazanah Nasional Bhd, Malaysia’s sovereign wealth fund, may buy a stake in Turkey’s largest hospital chain, Acibadem Saglik Hizmetleri & Ticaret AS (ACIBD), three people with knowledge of the talks said.

The Malaysian fund, which is bidding through its hospital unit Integrated Healthcare Holdings Sdn., is in exclusive talks with Acibadem’s co-owner Abraaj Capital Ltd. after it outbid rivals including Fortis Healthcare International Pte Ltd., said the people, who declined to be identified because the talks are private. Dubai-based Abraaj is close to reaching a deal for the stake, one of the people said……………………………………..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