VENTURE CAPITAL POST

Yemen will destabilise its economy if it delays reforms such as cuts to energy subsidies, the International Monetary Fund said in a report released after the government rolled back some fuel price rises in the face of political unrest.

Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.

Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.

The procedures for the Nov 19 auction had been approved by a bankruptcy court.

The Department of Energy loan given to the now floundering Fisker was bought out by an investment firm headed by Richard Li.

Serbia's committee for economic cooperation would be travelling to the UAE to discuss a loan agreement.

The Tourism Development & Investment Co was reportedly talking with various banks for a USD 1 billion loan facility to replace its existing debt, according to bankers interviewed by Bloomberg.

After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.

Masdar Energy UK was granted a GBP 266 million loan from various lenders to fund its share of the cost of developing the largest wind farm in the world.

Vitol SA obtains favorable LIbOR for its one year and three year credit lines.

The Irish NAFA had prepared the way to sell off shares.

Deutsche Post raised a EUR 2 billion through a revolving credit facility.

The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.

Avianca Holdings SA Chairman German Efremovich had offered shares of his company to back up loans made for the airline's expansion.

OAO Gazprom Neft, the Russian state owned natural gas giant, has been shopping around for lower interest rate termed loans.