Friday, April 26, 2024

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Qatar’s $320 Billion Wealth Fund Seeks to Catch Up on Technology

(Bloomberg) --Qatar’s sovereign wealth fund is seeking to increase investments in technology companies, unfazed by recent declines in the sector, its chief executive officer...
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bank muscat

Bank Muscat announces new $100 million Fintech investment programme

Bank Muscat announced that the Central Bank of Oman has approved the bank’s request to launch a US $100 million (RO 38.5 million) strategic...
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Arqaam Shuts South African Office as Brokers Pare Back Research

(Bloomberg) -- Arqaam Capital Ltd. is closing its South African office as the Dubai-based investment bank joins other brokers paring back operations in the...
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JPMorgan Sees Global Economic Pick-up Spurring Mediocre Returns

(Bloomberg) --JPMorgan Chase & Co. strategists see next year’s expected global economic pick-up generating sub-par returns across the fixed-income, currency and commodity complex. Developed-market bonds,...
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middle eastern bonds

Record $2.4 trillion global bond binge is threatening investor returns

(Bloomberg) --An unprecedented frenzy of debt sales around the world is threatening to cool this year’s hot returns on corporate bonds. Companies have sold a...
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Saudi ‘birthplace’ Diriyah Gate catches foreign investor interest

(Bloomberg) --A site dubbed Saudi Arabia’s birthplace that’s undergoing a $17 billion revamp is seeing interest from foreign investors, the head of development said,...
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egyptian business

Egypt, UAE to set up $20 billion joint investment platform

(Bloomberg) --Egypt and the United Arab Emirates are setting up a $20 billion joint strategic platform to invest in a range of sectors and...
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Saudi Arabian Sovereign Fund to Invest $10 Billion in Brazil

(Bloomberg) --Saudi Arabia’s Public Investment Fund will invest $10 billion in Brazil and plans to use the country as a gateway to the rest...
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Turkish billionaire Aydin Dogan plans to use $700 million cash pile for acquisitions

(Bloomberg) --Turkish billionaire Aydin Dogan plans to use the $700 million cash pile he gained from the sale of his media business on domestic...
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GVK raises Rs 7,614 crore from ADIA, PSP, NIIF for its airports holding company

India’s GVK Power & Infrastructure Limited raised Rs 7,614 crore from three investors. The proceeds will be used to write off debts and fund...
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