VENTURE CAPITAL POST

The International Monetary Fund pegged the 2014 growth of the GCC at 4.4%.

Reliance Capital Asset Management Ltd performed better this year compared to last year, mainly due to increased advertising revenues.

Severstal North America chief executive Saikat Dey told reporters in a conference call that the US arm of Russia's second largest steel producer would be focusing on getting the best returns for the company.

NALCO, through a plan unveiled at its annual general meeting, would expand and invest in the energy, non-ferrous and other sectors.

Brynwood Partners announced the first and final close of their seventh fund, which raised USD 400 million.

Hotel booking startup HotelQuickly said on Tuesday that it had raised HKD9 million or USD1.16 million in its recent funding round that would go to developing its app and company expansion.

Angel investors pledged USD 1 million in funds to VIPorbit Software International.

Russia's top crude producer Rosneft has hopes that it would be earning RUB439 million or USD13.8 billion after its acquisition of Moscow-based oil company TNK-BP.

Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.

The forecast of increased revenues and profits had the share prices of United Utilities increase significantly.

Burberry projects growth in the Chinese market to continue despite government crackdown on luxury goods.

With an increasing number of clients needing private air carrier services, both VistaJet and NetJets are scrambling for the Indian market.

PE fund Golden Equity Investments announced its acquisition of Innovative Medical Device Solutions to expand into the orthopedic market.

Bruker Corporation announced today its acquisition of Prairie Technologies Inc, a provider of life sciences fluorescence microscopy products.

AFL-CIO Equity Index Fund said that it reached USD4 billion financial milestone since its inception in 2011.