Several local and international banks come together to provide a loan facility worth USD880 million for Atlantis, The Palm.
Investors
Venture Capital funding in life sciences up 26% in 2013 second quarter
A PriceWaterhouseCoopers and the National Venture Capital Association news report said that venture capital in life sciences companies rose to 26% compared to last year.
GE may bid for Dresser-Rand, Dril-Quip - analysts
Analysts said that General Electric Co would be eyeing Dresser-Rand Group Inc. and Dril-Equip Inc as potential takeovers.
Alvar Aalto's design house sold to Vitra for global exposure
Finnish modern design house Artek sold its business to Swiss design firm Vitra. Alvar Aalto-founded Finnish modern design house was sold to Swiss firm Vitra.
IberiaBank expands with new branches
IberiaBank Corporation finalized the agreement that assumed the assets of Trust One Bank. The holdings company of the more than century old IberiaBank, IberiaBank Corporation, recently announced the finalization of an agreement where the bank would acquire assets and liabilities from Trust One Bank, a division of Synovus Bank.
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American Tower said it would invest USD4.8 billion for the acquisition of MIP Tower Holdings LLC, parent of Global Tower Partners.
A memorandum of understanding was signed for the financing of SsaangYong Motor in Korea. A memorandum of understanding was signed between Mahindra Finance and Woori financials.
The initial closing of Quadria Capital's second fund raised USD 107 million in capital commitments.
Marche businessman Francesco Merloni said investors were willing to put capital in Banca Marche. A businessman told Reuters that locals were willing to help Banca Marche.
Pharmaceutical platform startup ZappRX received USD1 million in a recent seed funding. Pharmaceutical software startup ZappRX received USD1 million in its recent seed funding.
Jinni has been boarded by XBox as its newest partner to power its video content catalog. Natural language processing-based video content recommendations provider Jinni was boarded as Xbox's newest partner.
The news media report on Volkswagen CEO's retirement was dismissed in another news report. Ferdinand Piech, Chairman of Volkswagen, dismissed a report in the media stating he would be quitting his post at Volkswagen, the largest automaker in Europe, soon.
The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
Edge Products filed for bankruptcy, a court filing showed. A court filing revealed that Edge Products had filed for bankruptcy under Chapter 11. The company is a manufacturer of aftermarket performance electronics for vehicle industry.
