Regions
Paladin, Abu Dhabi's Invest AD to launch $100 mln MENA fund
Paladin Capital Group, a U. S. firm, and Abu Dhabi's Invest AD, plan to launch a $100-million private equity fund to invest in companies in fast-growing economies in the Middle East, North Africa and Turkey, the two companies said on Monday.
Middle East investors slowly wake up to Africa
Flush with cash from oil and stuck with few options for growth in developed markets, Middle East investors are increasingly looking to nearby Africa.
American Airlines to explore merger options
AMR Corp, parent of American Airlines, bowed to pressure on Friday from its unsecured creditors, including its largest labor unions, and said it would explore merger options while it is still in bankruptcy.
Viddy gets $30 mln funding, aims to stand out from competition
Viddy, the popular mobile video start-up, announced on Friday it has raised a hefty $30 million from institutional investors to bolster its expansion efforts in the face of stiff competition from Socialcam, a similar video-sharing service.