Qatar’s SWF eyeing Citi -FT
Wednesday, May 26th, 2010 Posted in Financial Services, SWF | No Comments »Qatar's sovereign wealth fund (SWF), the Qatar Investment Authority (QIA), is reported by the Financial Times to be interested in buying some of the U.S. Treasury's 27% stake in Citigroup. Interestingly, while most other SWFs have shied away from bank ...
GCC poised for strong 2010 fiscal position
Tuesday, May 11th, 2010 Posted in Economy, Oil, Regional News | No Comments »Emirates Business 24|7 reports that strong crude oil prices, currently at around $75/bbl and exceeding Gulf Cooperation Council (GCC) forecasts, will greatly improve members' fiscal and current accounts. It is debatable whether surpluses will reach the levels of the boom ...
GE-Saudi renewed partnership overshadowed by Wall Street folly
Monday, May 10th, 2010 Posted in Economy, Industrial investment, JVs | No Comments »Less than two weeks ago, General Electric and Saudi Arabia's Ministry of Commerce and Industry announced that they signed a memorandum of understanding (MoU), effectively reinvigorating their 70-year relationship. It should come as no surprise that GE's areas of core ...
ICANN approval means big tech opportunity, more in Middle East
Monday, May 10th, 2010 Posted in Regional News, Tech | No Comments »On Friday, the Associated Press reported that ICANN, the California-based nonprofit body which oversees management and assignment of internet domains, approved Egypt, Saudi Arabia, and the United Arab Emirates as the first non-Latin domain names. While not readily apparent to ...
