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Latest Sovereign Wealth Funds Stories

Saudi Billionaire Prince Buys Into Twitter
2011-12-19 09:31:47

Saudi Arabian billionaire Prince Alwaleed bin Talal, one of the world´s leading investors in some of the biggest companies, has bought a stake in Twitter for $300 million, furthering his reach into the global media industry. Alwaleed has a net worth just below $20 billion and is estimated by Forbes magazine as the 26th richest person in the world. He is the second largest investor in Rupert Murdoch´s News Corporation, at 7 percent, and has now put stake in Twitter in conjunction...

2011-01-24 08:32:00

MONROE, Ga., Jan. 24, 2011 /PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight"), GE Energy Financial Services, a unit of GE (NYSE: GE), and the Government of Singapore Investment Corporation Pte Ltd ("GIC") announced today they have agreed to become partners in five Georgia natural gas-fired power plants that together make up the largest fully independent power producer in the southeastern United States. The GE unit and GIC will each acquire 24.95 percent of the portfolio from an...

2010-08-03 04:10:00

SHANGHAI, Aug. 3 /PRNewswire-FirstCall/ -- Solarfun Power Holdings Co., Ltd. ("Solarfun" or the "Company") (Nasdaq: SOLF), a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic ("PV") cells and modules in China, today announced the promotion, effective immediately, of Dr. Ping Peter Xie to President and Chief Executive Officer from President of Solarfun, and Mr. Zhoumiao Gao to Chief Operating Officer from Senior Vice President of Operations of Solarfun. Mr....

2009-08-10 18:03:00

SAO PAULO, Aug. 10 /PRNewswire-FirstCall/ -- Cyrela Commercial Properties S/A ("CCP") (Bovespa: CCPR3) formed today a joint venture ("JV") with GIC Real Estate, the real estate investment arm of the Government of Singapore Investment Corporation ("GIC Real Estate") and CPPIB US RE-A, INC, subsidiary of the Canada Pension Plan Investment Board, ("CPPIB") in order to invest in the commercial properties market in Brazil. The JV will have an initial committed capital of USD 400 million,...

2009-04-08 12:00:00

ABU DHABI, April 8 /PRNewswire/ -- - QSAS to be Firstly Applied in Qatar - Global City Real Estate Sponsors Introduce the Latest Comprehensive 'Green' Building Design System - Dr Al-Horr: "The primary objective of QSAS is to create a sustainable built environment that minimizes ecological impact while addressing the specific regional needs and environment of Qatar and the region". - Eng. Al-Hedfa: "QSAS allows BARWA and Qatari Diar to take leadership of the real estate...

2009-04-02 09:03:00

DOHA, Qatar, April 2 /PRNewswire/ -- - Dr. Al-Horr: Barwa Will Set New Standards for Sustainability, Ecological Impact and Green Building Design in the Region BARWA Real Estate Company (BARWA), one of the premier organizations in the State of Qatar, and Qatari Diar, a leading company in sustainable development projects in Qatar and the world, have announced their joint partnership as Real Estate Sponsors for the Global City Forum, the sustainable urban development forum...

2009-03-16 11:18:43

China's losses on risky bets placed with its foreign reserve funds from 2007 through 2008 may have exceeded $80 billion, a foreign investment economist said. Brad Setser of the Council of Foreign Relations in New York said Chinese losses on roughly 15 percent of its $2 trillion foreign exchange reserve was about 50 percent of its $160 billion investment, the Financial Times reported Monday. China's State Administration of Foreign Exchange only reports its activities to top government...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.