Payfone was able to gather a USD 10 million investment from Early Warning Services. Payfone Inc said it was able to raise USD 10 million from Early Warning Services.
Funding
Audi, Porsche and Volkswagen distributor set to expand in UAE
Al Nabooda Automobiles had set plans to expand its German car imports operations in Dubai and Sharjah.
Morgan Stanley projects recovery in Middle Eastern investment banking market
The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.
Cloud service for scientists Paxata nabs USD8 million in investment round
California-based startup Paxata has aided scientists in grueling data preparation leading to work analysis.
Israel startup Stratoscale raises USD10 million in investment round
Stratoscale's core product promised to make data center processes more efficent. Two entrepreneurs recently secured a USD10 million investment for its large data center software product.
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Guy Carpenter said the global pension fund industry has invested USD 10 billion worth of funds in insurance.
Livonia Partners would be investing in three Baltic economies with a private equity fund valued at USD 117 million.
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
India Infoline, in response to market movement away from equities, is closing down its retail brokerage division.
In a MEED Projects Study, it was found that forty major projects in the Sultanate are in the pipeline with total cost to reach USD112 billion.
The purpose of Mitsubishi Motors Corp's public share offer is to pay back shareholders through the buyback of preferred shares.
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
