An RSS feed generated from the news aggregator for CPI Financial http://www.cpifinancial.net/news Fri, 24 May 2013 00:00:00 -0500 Fri, 24 May 2013 06:20:20 -0500 copyrights 2013 CPI Financial. All rights reserved. en NBK Capital announced today (23 May) the sale of its equity stake in DunyaGoz, Turkey's largest ophthalmology hospital chain, to the founding shareholder. http://www.cpifinancial.net/news/category/investments/post/20886/nbk-capital-completes-exit-of-dunyagoz net.cpifinancial.news.news-20886 Thu, 23 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Majid Al Futtaim Holding has purchased the 25 per cent minority stake owned by Carrefour Group in Majid Al Futtaim Hypermarkets LLC for EUR 530 million. The two groups also strengthened their exclusive franchise partnership by extending its time horizon and expanding its scope. Partners since 1995, Majid Al Futtaim operates 50 hypermarkets and 44 supermarkets under the Carrefour brand in several countries in the Middle East, North Africa and Central Asia. http://www.cpifinancial.net/news/category/investments/post/20877/majid-al-futtaim-acquires-full-ownership-of-carrefour-franchise-in-mena net.cpifinancial.news.news-20877 Thu, 23 May 2013 00:00:00 -0500 CPI Financial News Channel Investments The sovereign wealth funds of Qatar, Norway and Azerbaijan and China Construction Bank have bought about 55 per cent of the new shares on offer from VTB, Russia's second-largest bank, it said on Wednesday. http://www.cpifinancial.net/news/category/investments/post/20870/update-sovereign-funds-and-chinese-bank-buy-into-russias-vtb net.cpifinancial.news.news-20870 Thu, 23 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Emirates NBD Properties, the real estate arm of Emirates NBD, recently concluded a AED 122 million deal for retail space in Index Tower, located in the Dubai International Financial Centre (DIFC). The deal has been formalised through the signing of Sale and Purchase Agreement (SPA) with Emirates REIT, the first GCC Shari’ah-compliant Real Estate Investment Trust. http://www.cpifinancial.net/news/category/investments/post/20847/emirates-nbd-properties-signs-agreement-with-emirates-reit net.cpifinancial.news.news-20847 Wed, 22 May 2013 00:00:00 -0500 CPI Financial News Channel Islamic Finance Commercial Banking Investments Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major. http://www.cpifinancial.net/news/category/investments/post/20834/chevron-nears-sale-of-egypt-pakistan-downstream-assets net.cpifinancial.news.news-20834 Wed, 22 May 2013 00:00:00 -0500 CPI Financial News Channel Economics Investments Russia's second-largest bank VTB expects to close its $3.3 billion offering of new shares by the end of the week, with three sovereign wealth funds investing about $500 million each, Chief Executive Andrei Kostin told Reuters. http://www.cpifinancial.net/news/category/investments/post/20829/qatar-holding-to-invest-500-million-in-russias-vtb net.cpifinancial.news.news-20829 Wed, 22 May 2013 00:00:00 -0500 CPI Financial News Channel Commercial Banking Investments Lebanese farmland investor GLB Invest plans to invest up to $800 million in Sudan to produce animal feed to be sold to Saudi Arabia, its president said on Tuesday. http://www.cpifinancial.net/news/category/investments/post/20818/lebanese-farmland-firm-to-invest-up-to-800-million-in-sudan net.cpifinancial.news.news-20818 Tue, 21 May 2013 00:00:00 -0500 CPI Financial News Channel Investments CSR is becoming increasingly more important in the region. http://www.cpifinancial.net/news/category/investments/post/20801/csr-increasingly-more-important-in-the-gcc net.cpifinancial.news.news-20801 Tue, 21 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Markets Qatar Electricity and Water Company (QEWC), Qatar Petroleum International (QPI), and Qatar Holding (QH) signed a Shareholders' Agreement to incorporate a new Qatari shareholding company that would invest in international power and water sectors. http://www.cpifinancial.net/news/category/investments/post/20787/qatar-forms-1-billion-company-to-invest-in-power-and-water-sector net.cpifinancial.news.news-20787 Tue, 21 May 2013 00:00:00 -0500 CPI Financial News Channel Wealth Management Investments The US Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery". http://www.cpifinancial.net/news/category/investments/post/20786/us-asks-judge-to-deny-s-ps-motion-to-dismiss-lawsuit net.cpifinancial.news.news-20786 Tue, 21 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Abu Dhabi's International Petroleum Investment Co (IPIC) expects to receive $4 billion in cash for a crude pipeline it built in the Gulf state, enabling it to repay some upcoming debt maturities, it said in an investor call on Monday. http://www.cpifinancial.net/news/category/investments/post/20779/abu-dhabis-ipic-to-use-4bn-pipeline-payment-to-repay-debt net.cpifinancial.news.news-20779 Mon, 20 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Commercial Banking Major sovereign governments and sovereign wealth funds (SWFs) in the Middle East are increasingly considering new private equity models for investment, according to the fourth annual Invesco Middle East Asset Management Study. http://www.cpifinancial.net/news/category/investments/post/20771/increasing-shift-into-private-equity-by-middle-eastern-sovereign-wealth-funds net.cpifinancial.news.news-20771 Mon, 20 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Three Qatari state-backed entities, including the Gulf Arab nation's acquisitive sovereign wealth fund, are to establish a new overseas fund which will look to invest in energy infrastructure, a statement said on Monday. http://www.cpifinancial.net/news/category/investments/post/20757/qatar-to-announce-new-overseas-energy-infrastructure-fund net.cpifinancial.news.news-20757 Mon, 20 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Grant recipients from the first cycle of the Abu Dhabi Film Festival's SANAD Fund for 2013 have been announced at the Cannes Film Festival with 16 projects chosen to receive grants, out of the 112 who applied. http://www.cpifinancial.net/news/category/investments/post/20752/abu-dhabi-film-festival-announces-first-recipients-of-500-000-sanad-fund-2013 net.cpifinancial.news.news-20752 Mon, 20 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore said on Saturday. http://www.cpifinancial.net/news/category/investments/post/20726/qatar-holding-italy-fund-eyeing-versace-paper net.cpifinancial.news.news-20726 Sat, 18 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Lifestyle State-owned Kuwait Airways said it had signed an initial agreement with Airbus to buy 25 new aircraft and take an option on 10 more in the biggest overhaul of its fleet since the 1990 Iraqi invasion. http://www.cpifinancial.net/news/category/investments/post/20713/kuwait-airways-says-signs-initial-deal-with-airbus net.cpifinancial.news.news-20713 Fri, 17 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Egypt's central bank cancelled an auction of 182- and 364-day treasury bills on Thursday, a move one analyst said was linked to a decree limiting the amount of Egyptian pounds that banks can channel into money market funds to buy T-bills. http://www.cpifinancial.net/news/category/investments/post/20710/egypt-cancels-t-bill-auction-after-decree-hits-funds net.cpifinancial.news.news-20710 Fri, 17 May 2013 00:00:00 -0500 CPI Financial News Channel Commercial Banking Investments New alliance to explore potential development of $1.5 billion in carbon capture, renewable energy, desalination and cleantech venture capital projects http://www.cpifinancial.net/news/category/investments/post/20701/masdar-and-ifc-join-forces-on-renewable-energy-investment net.cpifinancial.news.news-20701 Thu, 16 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Dnata, the airlines services arm of Emirates, has bought out Air France-KLM's stake in an Italian joint venture catering business, Dnata said in a statement on Thursday. http://www.cpifinancial.net/news/category/investments/post/20700/dnata-buys-air-frances-stake-in-italian-catering-venture net.cpifinancial.news.news-20700 Thu, 16 May 2013 00:00:00 -0500 CPI Financial News Channel Investments A session introducing ‘My Savings’, a new initiative announced by the Government of Dubai in collaboration with National Bonds Corporation was attended by senior officials, human resource directors and employees from Dubai Public Prosecution. http://www.cpifinancial.net/news/category/investments/post/20664/dubai-public-prosecution-to-adopt-my-savings-initiative net.cpifinancial.news.news-20664 Wed, 15 May 2013 00:00:00 -0500 CPI Financial News Channel Islamic Finance Investments Masdar, Abu Dhabi’s renewable-energy company, and the Export Import Bank of the United States (Ex-Im Bank) – the official export credit agency of the United States – today signed a Memorandum of Understanding (MoU) to explore opportunities to structure and deploy up to $2bn worth of Ex-Im Bank’s finance supporting US exports to Masdar’s future projects. http://www.cpifinancial.net/news/category/investments/post/20663/masdar-and-ex-im-bank-sign-mou-on-us-clean-technology net.cpifinancial.news.news-20663 Wed, 15 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Ghana plans to issue a Eurobond worth up to $1 billion to refinance existing debt and fund infrastructure projects, its vice president said on Wednesday. http://www.cpifinancial.net/news/category/investments/post/20662/ghana-plans-up-to-1-billion-eurobond-in-2013-vp net.cpifinancial.news.news-20662 Wed, 15 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Economics Markets The Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has hired a senior Deutsche Bank AG executive to head its division that handles global infrastructure investments. http://www.cpifinancial.net/news/category/investments/post/20653/abu-dhabi-fund-names-ex-deutsche-bank-exec-as-infrastructure-head net.cpifinancial.news.news-20653 Wed, 15 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Wealth Management Shares in Severn Trent surged to all-time highs after the British water company confirmed it had received a takeover approach from a consortium including Borealis Infrastructure and the Kuwait Investment Office. http://www.cpifinancial.net/news/category/investments/post/20633/shares-in-uk-water-firm-leap-on-kuwait-takeover-approach net.cpifinancial.news.news-20633 Tue, 14 May 2013 00:00:00 -0500 CPI Financial News Channel Investments Markets If you're an SME looking for capital or an investor looking for yield, a new crowdinvesting website www.eureeca.com could be the answer. http://www.cpifinancial.net/news/category/investments/post/20611/eureeca-brings-crowdinvesting-to-the-middle-east net.cpifinancial.news.news-20611 Tue, 14 May 2013 00:00:00 -0500 CPI Financial News Channel SME Finance Investments Technology