A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital. The International Petroleum Investment Co,. the Abu Dhabi tate owned fund, had paid in full a USD2 billion loan its unit had taken out last 2011.
Venture Capital
Berkshire investments in utlitiies pays off
The earnings from Burlington Northern Santa Fe and MidAmerican Energy Holdings accounted for 40% of income for Berkshire Hathaway.
Royal decree for bailout funds set to be vetoed by Bahraini parliament
The King Hamas decree granting BHD185 million bailout to Gulf Air is set to be vetoed by a number of MPs since it was done while Parliament was in recess.
Tech entrepreneurship proves to be the answer for Greece’s economy
Greece’s growing tech scene has aided in the recovery of the country’s economy. According to a Reuters column article, Greece suffered an unemployment rate of 27.
Venture capitalists weigh costs for commercial drones
Venture capitalists pondered on costs for developing drones for commercial uses. Tim Draper, a venture capitalist, among others betted on the potential use of drones for commercial use in the US.
Latest News
Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth. It was recently reported that a Dubai based oil firm is negotiating a deal to develop a USD5 billion Energy City project located in the Philippines.
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
Microinverter maker Sparq Systems Inc secured USD 2.75 million from MaRS Cleantech Fund and other venture capital firms.
The government of New Brunswick, a province in Canada, had invested USD 5 million for its Startup Investment Fund.
Form 1 3D printer maker Formlabs's new USD7 million investment would go towards primarily to the development of its core product and software.
A total of USD7 million was raised in a recent investment round for Berlin-based startup The Football App.
The machine to machine sector is where Sierra Wireless would be seeking investments and acquisitions as it grows in the next five years.
16 startups whose products focused from cloud services to video and imaging technologies had received USD65 million in investment from Intel Capital.
According to demand, Riverstone Holdings would increase the IPO volume of Riverstone Energy. A demand from buyers for the minimum GBP670 million or USD1.
