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The Abu Dhabi Investment Authority (ADIA) has committed an investment of up to $1 billion to India's National Investment and Infrastructure Fund (NIIF), according to a report.
ADIA will become the first institutional investor in the NIIF Master Fund and a shareholder in the fund’s investment management company — the National Investment and Infrastructure Limited, said the Indian Express report.
The initial size of the fund, set up two years ago, is being expected to close at $2.1 billion, it said.
ADIA is expected to bring in $200-250 million in the first fund and will invest the remaining portion in investment vehicles created by the NIIF, it said.
The government is not providing any guarantee on returns and the “investments will be done purely on commercial basis,” a Finance Ministry official was quoted as saying in the report.
Arada, the Sharjah-based real estate developer backed by the son of Saudi Prince Alwaleed bin Talal, is targeting Dh2 billion of revenues by next April, as it progresses unit sales on two schemes in
The Qatar Financial Centre (QFC) recently held an event to update its firms on the new rules being introduced globally to automatically exchange financial accounts information between countries.
The Public Establishment for Industrial Estates (PEIE), in cooperation with Muscat Securities Market (MSM), organised recently an awareness workshop on financial planning as part of MSM’s initiative
Times of Oman
Electronics giant Panasonic announced that it would take steps to deepen its reach in the Middle East, as the company celebrated 10 years of its existence.
The corporation’s executives sai
Times of Oman
With rising oil prices helping whittle down a debt burden presently equal to as much as 50 per cent of GDP, the Sultanate will likely see balanced budgets from 2023 onwards, according to an economist
Oman Daily Observer