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News
Tanzania Sovereign Wealth Fund Will Launch in October 2014
Posted on: April 22, 2014, 11:49 a.m.
THE government is formulating legislation for the establishment of a Sovereign Wealth Fund in a bid to manage the proceeds from natural gas. The upshot is ensuring that the resource benefits current and future generations, President Jakaya Kikwete has said. The president has revealed that the government would by October, this year or February, next year, move a Bill in the National Assembly for establishment of the fund. Full investment news article
Abu Dhabi, Qatar, and Malay Sovereign Wealth Funds Top Candidates to Purchase Luxury Indian Hotels from Leela Group
Posted on: April 22, 2014, 11:43 a.m.
Hotel Leelaventure Ltd is in talks with sovereign wealth funds of Abu Dhabi, Qatar and Malaysia to sell its prime properties in Delhi and Chennai for around Rs1,850 crore to pare debt. The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities. Full investment news article
Relevent to this post: Qatar Investment Authority
Abu Dhabi Investment Authority,