UAE's investment company Invest AD is in talks with a number of Chinese investors for jointly investing in the MENA region in areas such as infrastructure and financial services, the company's CEO, Nazem Fawwaz Al Kudsi, said. a top executive said on Monday. China 's major state-owned investors include its $300 billion sovereign wealth fund China Investment Corp (CIC), the State Administration of Foreign Exchange and the National Social Security Fund. Invest AD, formerly known as the Abu Dhabi Investment Company (ADIC), invests on behalf of the Abu Dhabi Investment Council, Abu Dhabi 's second sovereign wealth fund after the Abu Dhabi Investment Authority.
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Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more