The the government of the United Arab Emirates through its Abu Dhabi Investment Authority (ADIA) agreed to develop a luxury tourism resort in Montenegro, said Prime Minister Milo Dukanović in a statement published on his government's website.
Sovereign wealth funds
US Infrastructure gets near-failing grade by civil engineers group
In its latest assessment for the infrastructure in the US, the American Society of Civil Engineers' (ASCE) assessment had given the nation's roads, bridges, rail, drinking water, waste water, solid waste and others an aggregate almost flunking grade.
ECB explains 10 euro note in Tetris-like online game
In the European Central Bank's launch of a new 10 euro note, the Euro Zone's central bank launched an online competition wherein top-scoring players get the chance to win exclusive prizes for playing a Tetris-like game that unlocks information about the new note's security features.
Ireland is no tax haven, it's just competitive - report
A report on VentureBeat explained why the country of Ireland is not an attractive investment only for its low corporate tax rate, which many US tech companies with offices in the region had taken advantage.
Discount chain Loehmann's files for bankruptcy
Loehmann's Holdings Inc., a seller of discounted designer goods from brands like Michael Kors and Calvin Klein, has filed for bankruptcy protection in the US Bankruptcy Court in Manhattan.
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Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.
The Russian Direct Investment Fund announced today its joint venture with Baring Vostok Private Equity Fund V to invest in a coking coal business Tigers Realm Coal Limited.
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is investing $250 million in Hines India Real Estate, the Indian unit of American property management firm Hines, according to a source familiar with the investment.
Australia gave its approval to China state-owned coal firm Yanzhou Coal Mining Co to move towards a 100% ownership in Yancoal Australia, a Bloomberg report said.
Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.
State-run electricity distributor Power Grid Corp of India Ltd will be pricing its share sale near the top end of its marketed range, according to sources interviewed by Bloomberg.
China sovereign investor Central Huijin Investment Ltd received approval the Shanghai Office of the People's Bank of China to trade on the interbank bond market, a Bloomberg report said.
The rising commercial property prices in London has prompted institutional investors to team up with commercial property developers in the UK to capitalize on the recovery of the market in UK.
Eight US technology firms in the US wrote an open letter to President Barack Obama, calling on government to impose stricter controls on online surveillance.
