Invest AD, SBI Holdings to invest in new private equity fund focused on acquisitions in Turkey
Funds
Arab uprisings
Gulf sovereigns climb ‘most risky’ list in Q1
Unrest hits cost of MENA debt insurance, Dubai one of few entities to improve
Oman brokerage United Securities to launch Gulf fund
Initial public offering period for the open-ended equity fund will run for a month from April 10
Kuwait’s KFH to run $901m fund in KIA property plan
Fund management to be a part of KIA’s $3.6bn property investment project announced on Wednesday
Telecoms
Credit Suisse ups Mobily, Saudi Telecom price targets
Brokerage sees another strong year for mobile data driven by rising smartphone and tablet adoption
Qatar cash to fuel expansion for Spain’s Iberdrola
Wealth fund pledges more cash for energy projects, won’t raise stake in Iberdrola
Libya crisis
Libyan fund manager slams Austrian asset freeze
Mustafa Zarti says he will sue over asset freeze; denies links to Gaddafi clan other than son Saif
Kuwait fund will not liquidate MENA investments
Kuwait Investment Authority’s investments were not affected by the current political events
Reliance seeks to raise $2bn for India funds from Gulf
Investment firm to target Indians in Gulf, mulling an asset management company in Dubai
Abu Dhabi’s Royal Capital plans fixed income, hedge funds
Firm sees investor appetite for fixed funds growing, plans to launch hedge fund
Gulf looking East not West for investment, says Malaysia PM
Emerging economies attracting Gulf interest as western strongholds stumble in financial crisis, says Najib Razak
Qatar Holding snaps up stake in farmland venture Adecoagro
Gulf fund bought stock equal to about 25 percent of proceeds in an IPO that raised $314m
Qatar to win second VW board seat, Lower Saxony says
Qatar Holdings, part of the country’s sovereign wealth fund, has a 17 percent VW stake
Porsche says Qatar unlikely to increase stake
Gulf Arab state may not raise its 10% stake in German automaker though it is in talks on potential cooperation in several areas
Sovereign wealth funds must invest more in SMEs – Clinton
State funds should pledge a portion of capital to backing small businesses, says ex US President
Bahrain’s Mumtalakat sees 5-15% equity returns
‘We’re looking at shares, we’re looking at hedge funds, we’re looking at fixed income,’ CEO says
US hedge funds set to relaunch legal fight to Porsche/VW deal
Planned merger of the two carmakers, each part-owned by Qatar Holding, faces obstacles, says CFO