Greece to receive aid for payment of its bills. According to reports of two Greek newspapers on Saturday, about Eur3. 2 billion was set aside to rescue Greece from its financial obligations, which came earlier than expected.
Sovereign wealth funds
ENBD Pays Back Bailout Funds
Emirates NBD has repaid its bailout funds in the amount of 3 billion UAE dinars. Dubai's largest financial institution, Emirates NBD has repaid for April the amount of 3 billion UAE Dinars or US$816.
Sinopec of China Enters into Agreements with CPC of Taiwan
The neighbors at the Formosa Strait are now in agreement as to oil and gas explorations in Myanmar. Sinopec Group, the largest Asian oil refiner, had announced last Thursday that it had entered into an agreement to sell its 30% shareholdings in an oil and gas block located in Myanmar.
IFC Provides Loan Facility for Acme Solar Energy
IFC has forged a US$50 million credit facility for Acme Solar Energy projects. The World Bank's private sector finance arm, the International Finance Corp, has plans to loan as much as US$50 million to an Indian solar power developer in order to finance the building and operation of key power projects.
Costa Rica to Issue Dual Tranche US Dollar Bonds
The Costa Rican republic would issue two tranches of US dollar denominated bonds at US$500 million each.
Latest News
Russia extends help but conditions that help on "taking their interests into consideration."
IMF approves US$1.75 billion loan package to Tunisia. According to reports, the International Monetary Fund confirmed that it had agreed to a $1. 75 billion standby loan agreement with Tunisia.
Alexander Machkevitch and other ENRC co-founders to partner with Kazakh government to make a bid for ENRC.
Silver Lake Partners have completed Silver Lake Partner IV fund worth US$10.3 billion. Silver Lake Partners, the partner of Michael Dell in the privatization bid for Dell Inc worth US$24.
In an unprecedented move, Canyon Lake City has opted out and terminated its contract with Calpers. Canyon Lake is home to Calpers, the largest public pension fund in the US with US$256 billion in assets.
Bord Gais announces sale of Bord Gais Energy to the 'usual names'. Irish utility firm Bord Gais is in the process of concluding the sale of its retail unit in 2013.
Despite assurances by the Egyptian PM, there is still no approval as to the EFG-QInvest merger. The Middle East's largest investment bank, EFG-Hermes has been awaiting notice from Egypt's financial regulator for the approval of its merger with QInvest of Qatar.
Anhui LDK Energy's shareholdings in LDK Solar High Tech Hefei has been sold to a subsidiary of the Hefei Municipal Government.
China interested in purchasing the ConocoPhillips share in the Kashagan oil field in Kazakhstan. China has indicated an interest in purchasing a stake in US oil company ConocoPhillips in a multinational consortium aiming to develop Kazakhstan's Kashagan oil field.
