With the aim to raise new investments for shares on the Athens Stock Exchange, Marfin, a Greek investment firm is planning to raise €5bn ($7bn), a step that will risk uncertain markets. A similar step was taken by the company last year when it has raised and rapidly invested a same amount of money.
An agreement was recently been signed, between Abu Dhabi's Department of Planning and Economy (DPE) and the Khalifa Fund, to maintain and build up small and medium enterprises (SMEs).
Through this agreement, the licensing procedure for the projects supported by Khalifa Fund would be facilitated.
Ahmad Bin Nasser Al Suwaidi, chairman of DPE, and Hussain J. Al Nowais, the chairman of the Khalifa Fund, signed the agreement.
Since the bankruptcy of Lehman Brothers, financial institutions all over the world had been facing a tough time. To ease the burden on the Emirates’ banks and help them better fight the global financial crisis, the UAE Central Bank has funded a whopping amount of $13.6 bn.
The Central Bank’s board of director announced, “The bank has discussed the position of inter-bank deposits which has been affected by the liquidity constraints in international money markets and may pump in more money to ease it.”
- Katie Price wears a huge pink princess dress at the book launch
- MIA’s fourth album will hopefully be released this autumn
- Kim Kardashian and Kanye West might have named their daughter Kaidence Donda West
- World Bank Signs Deal with India for Taking NACP IV Ahead
- Telstra Contractors Fail to have Appropriate Asbestos Awareness