iPhone | iPad
Android
Huawei
The advanced air mobility devices are powered by electric motors, aligning with UAE's sustainability goals and reducing carbon footprint
KT APPDOWNLOAD
Infrastructure fund of $10b planned by Gulf Arab bank
RIYADH — A Bahrain-based bank plans to set up an infrastructure fund worth up to $10 billion to finance projects, mainly in the Gulf Arab region, the bank’s chief executive said yesterday.
Gulf One Investment Bank’s fund could be one of the largest private equity funds in the world, and will focus on infrastructure projects in a region experiencing its biggest economic boom in decades thanks to record oil revenues.
“It will be a close-ended fund worth up to $10 billion,” said chief executive Nahed Tahar, the first Saudi woman to head a bank in the Gulf.
She told Reuters by phone from Jeddah that a small part of the fund would be allocated to international infrastructure investments and said details would be announced in a few months. The bank signed an agreement on Tuesday with DLA Piper Rudnick Gray Cary to provide legal advice on project financing contracts.
More news from
Brentford attacked straight after kickoff and scored in 22 seconds before Erling Haaland's double secured a 2-1 win for City
In the Czech Republic, a quarter of a million homes were without power due to high winds and rain
Sheikh Hamdan said this initiative will provide grants and essential resources to bring groundbreaking projects and ambitious ideas to life
US-educated Jaafar Hassan, now head of King Abdullah's office and a former planning minister, is expected to replace Khasawneh
Al Ain's hopes of becoming only the fifth club to retain the title were boosted by retaining the services of the red-hot Moroccan star Soufiane Rahimi
The group called on RSF and SAF to take action against 'perpetrators of war crimes and violations of international law, including international humanitarian law'
Such mobile clinics currently operate in eight countries