VENTURE CAPITAL POST

Majority of the stocks in Gulf markets recorded impressive gains this year, proving that the region has been recovering from the effects of the worldwide financial crisis in 2008 and 2009, Arabian Business said in its report.

In its bid to improve the growth of the company overall, Dubai conglomerate Al Habtoor Group had commissioned a shakeup of its boards across all of its business units, including its legal and audit boards.

The DealBook said in its report that banks in China are steadily making strategic acquisitions offshore and opening its businesses outside of the mainland, thanks to recent economic reforms.

Angel funding in Russian companies were 4.5 times more than funding from angel investors in 2012, according to a joint study by National Association of Business Angels (NABA), Atom Partners and RVC.

The American Bankers Association, a representative of majority of the community banks in the US, said the provision on banning investments in collateralized debt obligations will result to the lenders losing $600 million in the process.

Shareholders of Banca Monte dei Paschi di Siena SpA reportedly sided with main shareholder Fondazione Monte Paschi with regard to postponing the cash call until May of next year.

A Reuters report said Alessandro Profumo, chairman of Monte dei Paschi di Siena, will be revealing his decision whether to stay or resign from his post at the Italian lender in a January meeting.

European Central Bank President Mario Draghi was quoted by German news magazine Spiegel in an interview that there is no need to hurry to reduce the Euro Zone's main interest rate further.

While US and foreign banks do away with risky investments like municipal bonds, hedge funds had taken advantage with the loss of a competitor and increased their positions in such assets, a Barron's report said.

The general consensus of research firms and mergers and acquisitions (M&A) experts believed that the brisk activity of dealmaking will keep its momentum till the next year.

Research firm CB Insights revealed in its latest report that IPO activity will most likely be the most active in the technology sector as over 500 companies have healthy trajectories and high valuations.

A CNET report detailed how big the decisions the next chief executive officer of Microsoft Corp needs to make in order to get back into the technology race.

Asian Development Bank President Takehiko Nakao expressed his confidence about Asia's economy should US Federal Reserve proceed with its plans to reduce its quantitative easing program.

A recent rating by New York-based Macquarie analyst Ben Schachter urges investors that the time to sell shares in Twitter Inc is now despite its positive performance after debuting on the New York Stock Exchange last month.

Textron Inc Chairman and Chief Executive Officer Scott Donnelly disclosed to analysts and investors in a teleconference today that it will be financing its acquisition of Beech Holdings LLC via debt.