Qatar, according to the latest Global Financial Center Index or GFCI 14 from the Z/Yen Group, is the top financial center in the Middle East.
Investors
FBI shuts down alleged Bitcoin marketplace
The Federal Bureau of Investigation had shutdown Silk Road, an alleged online bitcoin marketplace used to perform illegal activities, said a Reuters report.
Paramount Pictures to lay off workers- memo
A memo obtained by Reuters revealed Paramount would be laying off 5% of its workers. A memo written to employees of Paramount Pictures revealed that the film studio would be eliminating 110 positions.
Goldman Sachs, Danish pension funds purchase shareholdings in Dong Energy
Goldman Sachs purchases 19%, Danish pension funds ATP buys 5% and PFA acquires 2% in Dong Energy A/S, the largest utilities firm in Denmark.
Taiwanese banks not the promised venues for foreign investors
Taiwan's banks have become minefields for private equity companies. The banks of Taiwan, once seen as avenues to inroads towards China, have increasingly become minefields for private equity firms.
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The General Authority for Civil Aviation's sukuk bond issue reach SAR15.2 billion. State airports operator of Saudi Arabia had priced a SAR15. 2 billion or USD4.
After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.
Information technology news site Techcrunch cited investors of biotech company Monsanto, who said the company had purchased Climate Corporation for more than USD930 million.
In a move to revitalize the UAE financial market, the Dubai and Abu Dhabi regulatory authorities are exploring ways to merge their bourses.
Citing the The Washington Post, Techcrunch said Amazon Inc Chief executive officer Jeff Bezos completed his acquisition of the 136 year-old newspaper today.
The price of CHF398 million or USD439 million was paid by hedge fund firms Avista and Nordic Capital for Acino Holding.
Analysts advised foreign grocery chains to be cautious about expanding their businesses in China. British supermarket chain Tesco Plc would the the latest foreign retail chain that had set its sight on China.
HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.
Siemens announced on Wednesday it had obtained a new USD3 billion credit facility to replace a previous one that had expired last August of this year.
