VENTURE CAPITAL POST

Kuwait is very keen on developing its Communications And IT Sectors.

Kuwait Investment Authority (KIA) and Och-Ziff Capital Management Group Ltd (OZM.N) are among the group of 11 investors that have committed about $2 billion towards Dalian Wanda Commercial Properties Co Ltd's Hong Kong initial public offering (IPO), a person with direct knowledge of the matter told Reuters.

A senior official from Thailand's state-owned petroleum company PTT on Thursday denied a media report saying that it was bidding for Royal Dutch Shell's service stations in Australia. Shell is selling its 900 petrol stations and an oil refinery in the country for A$3 billion.

The Kuwaiti Investment Authority's property division St Martins is in discussion to purchase the More London complex.

Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors.

Major private equity and sovereign wealth funds on Thursday took tentative first steps to invest in Russia.

Sovereign wealth fund Kuwait Investment Authority (KIA), money manager BlackRock Inc (BLK.N), and twenty other cornerstone investors will buy around 62 percent of Malaysian firm IHH Healthcare's up-to-$2 billion IPO.