Qatar banks’ assets grow by 10.9% to QR1.33trn - The Peninsula Qatar:
"Banks’ assets (and liabilities) in Qatar rose by QR14bn to QR1332.7bn in November, compared to QR1318.7bn in October, 10.9 percent jump from a year ago. Deposits from government and public sector have increased by QR9.6bn to QR308bn. Government deposits recorded QR92.4bn in November, while the deposits of government institutions settled at QR186.6bn. The deposits of semi-government institutions, in which government share is less than 100 percent and more than 50 percent, settled at QR32.1bn. On the other hand, the total loans of the government and public sector increased by QR7.5bn to reach QR350.9bn, The Group Securities noted in its review of the banks’ consolidated balance sheets for the month of November 2017."
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Saturday 23 December 2017
Abu Dhabi Investment Authority invests $1bln India real estate funds | ZAWYA MENA Edition
Abu Dhabi Investment Authority invests $1bln India real estate funds | ZAWYA MENA Edition:
"With the support of the Abu Dhabi Investment Authority, ADIA, India’s HDFC Capital Advisors, a wholly-owned subsidiary of HDFC Ltd, has achieved the initial close of its second affordable housing fund, the HDFC Capital Affordable Real Estate Fund – 2, it has been announced.
This will be combined with the HDFC Capital Affordable Real Estate Fund – 1, H-CARE-1, which was raised last year, to create a US 1 billion platform targeting affordable and mid-income residential projects in India’s leading fifteen cities.
ADIA is the primary investor, through a wholly-owned subsidiary, in both H-CARE-1 and H-CARE-2."
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"With the support of the Abu Dhabi Investment Authority, ADIA, India’s HDFC Capital Advisors, a wholly-owned subsidiary of HDFC Ltd, has achieved the initial close of its second affordable housing fund, the HDFC Capital Affordable Real Estate Fund – 2, it has been announced.
This will be combined with the HDFC Capital Affordable Real Estate Fund – 1, H-CARE-1, which was raised last year, to create a US 1 billion platform targeting affordable and mid-income residential projects in India’s leading fifteen cities.
ADIA is the primary investor, through a wholly-owned subsidiary, in both H-CARE-1 and H-CARE-2."
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Oil inches higher ahead of Christmas holiday weekend
Oil inches higher ahead of Christmas holiday weekend:
"Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual.
Brent crude futures, the international benchmark for oil prices, ended the session up 35 cents at $65.25 a barrel, its highest close since June 2015.
U.S. West Texas Intermediate (WTI) crude futures settled 11 cents higher at $58.47 a barrel. WTI has also been touching values not seen since mid-2015 over the past two months."
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"Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual.
Brent crude futures, the international benchmark for oil prices, ended the session up 35 cents at $65.25 a barrel, its highest close since June 2015.
U.S. West Texas Intermediate (WTI) crude futures settled 11 cents higher at $58.47 a barrel. WTI has also been touching values not seen since mid-2015 over the past two months."
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Saudis Seek $6 Billion From Alwaleed, Wall Street Journal Says - Bloomberg
Saudis Seek $6 Billion From Alwaleed, Wall Street Journal Says - Bloomberg:
"Prince Alwaleed bin Talal, detained since early November in a corruption probe, faces a demand from Saudi Arabian authorities of at least $6 billion to win his freedom, the Wall Street Journal reported.
The price being demanded is among the highest sought for those who have been arrested, the newspaper reported, citing people familiar with the matter.
Alwaleed, 62, is the 57th-richest person in the world, with an $18 billion fortune according to the Bloomberg Billionaires Index. He is known internationally for investments in companies including Citigroup Inc., Apple Inc. and Twitter Inc.
"
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"Prince Alwaleed bin Talal, detained since early November in a corruption probe, faces a demand from Saudi Arabian authorities of at least $6 billion to win his freedom, the Wall Street Journal reported.
The price being demanded is among the highest sought for those who have been arrested, the newspaper reported, citing people familiar with the matter.
Alwaleed, 62, is the 57th-richest person in the world, with an $18 billion fortune according to the Bloomberg Billionaires Index. He is known internationally for investments in companies including Citigroup Inc., Apple Inc. and Twitter Inc.
"
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