Posts filtered by tags: Qatar Investment Authority[x]


Chinese online learning app Zuoyebang raises $750M

Zuoyebang, a Beijing-headquartered startup that runs an online learning app, said on Monday it has raised $750 million in a new financing round as investors demonstrate their continued trust in — and focus on — Asia’s booming edtech market. U.S. investment firm Tiger Global and Hong Kong-based private equity firm FountainVest Partners led the six-year-old startup’s Series E financing round. Existing investors including SoftBank’s Vision Fund, Sequoia Capital China, Xiang He Capital, Qatar ...
Tags: Apps, Asia, Hong Kong, Education, China, Softbank, Funding, Tech, Beijing, Tencent, Qatar Investment Authority, Baidu, Tiger Global, Mary Meeker, Zuoyebang, Reuters

Mary Meeker’s Bond backs Indian online learning startup Byju’s

Indian online learning startup Byju’s has added one more high-profile name to the list of its backers: Bond. In a statement on Friday, Bangalore-based Byju’s said it had raised an undisclosed amount from the VC fund co-founded by Mary Meeker. The first-female founded VC firm’s check valued the nine-year-old Indian startup at $10.5 billion, according to a person familiar with the matter. TechCrunch reported early last month that Byju’s was in talks with some investors to raise as much as $400 mil...
Tags: Facebook, Apps, Asia, Education, India, Funding, Tech, Atlantic, Qatar Investment Authority, New Delhi, Bond, Mary Meeker, Oyo, Byju, Byju's, Raveendran Byju

#Qatar Wealth Fund Said to Seek $7.6 Billion Loan Backed by Stock - Bloomberg

Qatar Wealth Fund Said to Seek $7.6 Billion Loan Backed by Stock - Bloomberg: A boat moored in front of the skyline of Doha, Qatar.    Photographer: GIUSEPPE CACACE/AFP via Getty Images Qatar’s sovereign fund is borrowing around 7 billion euros ($7.6 billion) against its stock holdings, as the top liquefied natural gas exporter seeks to bolster its cash reserves at a time of plunging energy prices, people with knowledge of the matter said.The Qatar Investment Authority is in disc...
Tags: Travel, Europe, Qatar, Bloomberg, Qatar Investment Authority, Gulf, Glencore Plc, JPMorgan Chase Co, Doha Qatar, UBS Group AG, Rupert Neil Bumfrey, Giuseppe Cacace, Stock Bloomberg, Getty Images Qatar, London Stock Exchange Group Plc Volkswagen AG

Indian education startup Byju’s is fundraising at a $10B valuation

Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part of the Bangalore-based startup’s ongoing financing round that has already seen Tiger Global and General Atlantic invest between $300 million to $350 million into the firm. That investment by the two firms thou...
Tags: Facebook, Asia, Education, India, Funding, Tech, Atlantic, Qatar Investment Authority, Sequoia Capital, Tiger Global, New Delhi, General Atlantic, Bangalore, Paytm, Chennai, Oyo

With the real estate industry facing headwinds, SoftBank-backed Compass lays off 15% of staff

Compass, the real estate brokerage startup backed by roughly $1.6 billion in venture funding, has laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic, according to an internal email seen by TechCrunch. Citing economic fallout that has seen stock markets plummet 30 percent in just 22 days Compass chief executive Robert Reffkin wrote that the company has seen an over 60 percent decline in real estate showings a...
Tags: TC, Real Estate, New York, California, China, Softbank, Tech, Companies, Qatar Investment Authority, Health Insurance, Ohio, Nevada, Compass, Louisiana, Illinois, Zillow

Gulf’s sovereign funds are now gilt-edged airbags – Breakingviews

Gulf’s sovereign funds are now gilt-edged airbags – Breakingviews:The Middle East’s big sovereign wealth funds are set to become coronavirus airbags. The $700 billion Abu Dhabi Investment Authority, $300 billion Qatar Investment Authority and Saudi Arabia’s $300 billion Public Investment Fund control a big slug of global assets and have become a fixture in global dealmaking. But they’re attached to increasingly precarious economies.Emerging markets, including Saudi Arabia, are hearing a deafenin...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Qatar Investment Authority, U S Treasuries, ADIA, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Institute of International Finance With, United Arab Emirates Bahrain Oman Kuwait

QIA CEO Says Sovereign Wealth Fund Won’t Invest More in Coal - Bloomberg

QIA CEO Says Sovereign Wealth Fund Won’t Invest More in Coal - Bloomberg:Qatar’s sovereign wealth fund plans to shift into greener assets, according to Chief Executive Officer Mansoor bin Ebrahim Al Mahmoud.“We’re not going to invest more in the coal business,” he said Wednesday in a Bloomberg TV interview in Davos, Switzerland. The $328 billion Qatar Investment Authority also doesn’t plan to significantly expand its holdings in oil and gas.“We have some investment in oil and gas companies; this...
Tags: Travel, Qatar, Qatar Investment Authority, Bloomberg TV, Rupert Neil Bumfrey, Mansoor Al Mahmoud, Mansoor bin Ebrahim Al Mahmoud, Coal Bloomberg

#Qatar National Bank's 2019 net profit beats forecast with 4% rise - Reuters

Qatar National Bank's 2019 net profit beats forecast with 4% rise - Reuters:Qatar National Bank (QNBK.QA), the Gulf’s biggest lender by assets, posted a 4% rise in annual profit on Tuesday, beating analysts’ forecasts, as earnings were boosted by double-digit growth in loans.The bank reported a net profit of 14.4 billion riyals ($3.95 billion) in 2019, up from 13.8 billion riyals a year earlier, it said in a statement. That was above a mean forecast of 13.9 billion riyals from a Refinitiv poll o...
Tags: Travel, Qatar, Qatar Investment Authority, Gulf, Reuters, Qatar National Bank, QNB, EFG Hermes, Rupert Neil Bumfrey

Lekoil Oil, Gas Field Future at Risk After Alleged Scam - Bloomberg

Lekoil Oil, Gas Field Future at Risk After Alleged Scam - Bloomberg:Lekoil Ltd., an explorer and producer in Nigeria, dropped to a record low in London trading after falling victim to an alleged fraud.The company now has until February to raise enough money to cover its share of drilling costs to develop a license off Nigeria, or risk losing the asset altogether.A loan agreement struck earlier this month, purportedly with the Qatar Investment Authority, “seems to have been entered into by the co...
Tags: Travel, London, Nigeria, Qatar Investment Authority, Rupert Neil Bumfrey, Lekoil Ltd, Lekoil

Lekoil Shares Suspended As #Qatar Investment Authority Queries Loan | Morningstar

:Lekoil Ltd has requested shares be suspended in London on Monday after the validity of a loan was questioned.At the start of January, Lekoil agreed a USD184.0 million loan from the Qatar Investment Authority for drilling and development at the Ogo field off the coast of Nigeria.However, Lekoil said Monday representatives from the QIA have questioned the validity of the loan agreement.The company said: "Lekoil is urgently seeking to establish, alongside its legal counsel and nominated adviser, t...
Tags: Travel, London, Nigeria, Qatar Investment Authority, Qia, Rupert Neil Bumfrey, Lekoil Ltd, Lekoil, Ogo

Breakingviews - Why didn’t #Qatar support #Saudi Aramco’s big deal? - Reuters

Breakingviews - Why didn’t Qatar support Saudi Aramco’s big deal? - Reuters:Why did Qatar pass up the chance to invest in Saudi Aramco? It’s the question on nobody’s lips, at least publicly, at the Doha Forum, the emirate’s annual bash for international politicians and investors taking place in its capital this weekend. That’s a pity. Unpacking why Doha didn’t buy into the Saudi kingdom’s stock offering of its $1.7 trillion oil giant helps show why an ongoing spat between two Gulf petroleum-stat...
Tags: Travel, Qatar, Bloomberg, Egypt, Qatar Investment Authority, Abu Dhabi, Kuwait, Doha, Uae, Gulf, Reuters, Riyadh, Saudi Aramco, Rupert Neil Bumfrey, Doha Forum

#Qatar 2022: VW to Develop Self-Driving Electric Shuttles - Bloomberg

Qatar 2022: VW to Develop Self-Driving Electric Shuttles - Bloomberg:Volkswagen AG will help develop a fleet of self-driving electric shuttles for use in Qatar’s capital Doha in 2022, the company said.Volkswagen and the Qatar Investment Authority signed an agreement on Saturday for the self-driving Level 4 electric vehicles, they said in a joint statement, without specifying the project’s cost.Qatar plans to host the soccer World Cup in 2022. [Author: [email protected] (Rupert Neil Bumfrey)...
Tags: Travel, Qatar, Vw, Qatar Investment Authority, Volkswagen, Doha, Volkswagen AG, Rupert Neil Bumfrey, Develop Self Driving Electric Shuttles Bloomberg

#Qatar’s $320 Billion Wealth Fund Seeks to Catch Up on Technology - Bloomberg

Qatar’s $320 Billion Wealth Fund Seeks to Catch Up on Technology - Bloomberg:Qatar’s sovereign wealth fund is seeking to increase investments in technology companies, unfazed by recent declines in the sector, its chief executive officer said. The Qatar Investment Authority “will keep investing in technology as it is the most important sector right now,” Mansoor Al Mahmoud told reporters in Doha Sunday. “We think we are underweight” and are “trying to catch up.”Middle East sovereign wealth funds ...
Tags: Travel, London, Qatar, Bloomberg, Middle East, Qatar Investment Authority, Doha, Bank of America Corp, Rupert Neil Bumfrey, Mansoor Al Mahmoud, Technology Bloomberg, Tristan Lacroix

Volkswagen to bring self-driving electric shuttles to Qatar by 2022

Volkswagen Group and Qatar have agreed to develop a public transit system of autonomous shuttles and buses by 2022 for the capital city of Doha. The agreement signed Saturday by VW Group and the Qatar Investment Authority is an expansive project that will involve four brands under VW Group, including Volkswagen Commercial Vehicles, Scania, its shared ride service MOIA and Audi subsidiary Autonomous Intelligent Driving, or AID. The aim is to develop the entire transport system, including th...
Tags: Transportation, Tech, Qatar, Automotive, Vw, Qatar Investment Authority, Autonomous Vehicles, Volkswagen, Audi, Qia, Doha, Volkswagen Group, VW Group, Scania, MOIA, Volkswagen Commercial Vehicles

M&A Quarterly News In The Energy Industry Sector

The report below gives a good overview of the fourth quarter M&A activity in the Energy Industry Sector. M&A activity for North American based target companies in the Energy sector for Q3 2019 included 53 closed deals, according to data published by industry data tracker FactSet. One of the notable middle market transactions in the sector closed in August when Qatar Investment Authority, a subsidiary of Government of Qatar, acquired an undisclosed minority stake in Oryx Midstream Services LLC, ...
Tags: Energy, Business, US, Qatar, Mergers, Qatar Investment Authority, Mergers and Acquisitions, Midland Texas, FactSet, Corporate Finance Associates, Oryx Midstream Services, Energy Industry Sector, Roy Graham Read the Entire Energy, Stonepeak Partners LP, Acquistitions, Merger-and-acquisition

Marriott Sells St. Regis New York to #Qatar Investment Authority - Bloomberg

Marriott Sells St. Regis New York to Qatar Investment Authority - Bloomberg:Marriott International Inc. has sold the St. Regis New York for $310 million to Qatar’s sovereign wealth fund, offloading a historic property that served as the launching point for an indispensable cocktail and a preeminent luxury hotel brand. The purchase gives Qatar Investment Authority another trophy asset to add to an expanding portfolio across the globe. The fund has been boosting its investments in the U.S., includ...
Tags: Travel, Qatar, Qatar Investment Authority, Fifth Avenue, Mary, Marriott International Inc, Rupert Neil Bumfrey, St Regis New York, John Jacob Astor, New York The St Regis

$4.3 billion startup SoFi plans to buy the naming rights to Los Angeles' new NFL stadium for $400 million

Social Financial, the $4.3 billion personal money management startup, is reportedly planning to purchase the naming rights to Los Angeles' new NFL stadium for $400 million, according to the Located in Inglewood, the stadium will be the home of the Rams and the Chargers. The Rams reached the Super Bowl last year, their third season in Los Angeles. The stadium is expected to open in 2020 and will host the Super Bowl in February 2022. Visit Business Insider's homepage for more stori...
Tags: NFL, Los Angeles, Trends, Nba, Qatar Investment Authority, Anthony Noto, Chargers, New York Giants, SoFi, Samsung Galaxy, Madison Square Garden, Inglewood, MetLife, Los Angeles Chargers, Los Angeles Rams, Rams

Personal finance company SoFi reels in over $500 mln

SoFi, a personal finance company, has secured over $500 million in funding. Qatar Investment Authority was the lead investor. Source: Press Release
Tags: Trends, Qatar Investment Authority, SoFi, VC Deals

Online lender SoFi has quietly raised $500 million in funding, led by Qatar

Usually when it comes to big sums of funding, companies like to boast about them. Online lending startup Social Finance, better known as SoFi, took another tack this morning, quietly announcing in a press release that it has closed half a billion dollars in a single funding round led by Qatar Investment Authority, a Doha, Qatar-based private equity and sovereign wealth fund. Even in a world now awash with rounds in the multiple hundreds of dollars, the financing is notable. First, it’s the third...
Tags: TC, Twitter, Softbank, San Francisco, Tech, Qatar, Qatar Investment Authority, Anthony Noto, Silicon Valley, Goldman Sachs, Max Levchin, SoFi, Silver Lake, Social Finance, Doha Qatar, Mike Cagney

SoFi launches gig-focused ETF

SoFi is one of the leading fintech startups to emerge from San Francisco and breach the financial markets. Originally started as a way to better finance student debt, it has since expanded to include products targeted at personal loans and home loans. Today, the company announced a new index fund product focused on the gig economy. GIGE, which trades on Nasdaq, is an actively-managed fund advised by Toroso Investments that allows investors to invest in this hot sector of the economy. Toroso o...
Tags: Startups, Finance, Softbank, San Francisco, Tech, CMO, Investment, Banking, Venture Capital, Qatar Investment Authority, Anthony Noto, Silicon Valley, Goldman Sachs, Stock Market, Morgan Stanley, Fintech

Qatar Finalizing Plans for Spy Plane Project in South Carolina

GettyThe Qatari military is finalizing plans to invest in South Carolina as part of its efforts to develop and produce surveillance aircraft, according to company documents and two sources with knowledge of the project’s timeline.The project, led by Qatari-owned firm Barzan Aeronautical, has been in the planning stages for the last several years. Qatari officials have visited South Carolina, where the firm is registered, to meet with state and local officials to promote the idea of investment an...
Tags: Science, Washington, Saudi Arabia, Berlin, Qatar, United States, United Arab Emirates, Qatar Investment Authority, Graham, State Department, Department Of Justice, Boeing, Justice Department, Doha, South Carolina, Lindsey Graham

Fintech startup SoFi is reportedly in talks to raise $500 million from Qatar, but won't gain any value from 2017

Online lending company Social Finance is in talks to raise $500 million from the Qatar Investment Authority, Bloomberg reported Tuesday. The round would value SoFi around $4.3 billion, making it a flat round from its valuation in 2017, according to the report. Visit Business Insider's homepage for more stories. Online lending platform Social Finance is in talks to raise $500 million in funding from the Qatar Investment Authority and others, according to Bloomberg. The new round would value So...
Tags: Craigslist, Softbank, Trends, Qatar, Bloomberg, New York Times, Qatar Investment Authority, Anthony Noto, Fintech, SoFi, Silver Lake, Social Finance, Mike Cagney, Bloomberg Investors, G Squared, Qatar Investment Authority Bloomberg

Super raises $20M to fix the home services and repairs market with its subscription service

Home owners in the US spend upwards of $300 billion annually on home repairs and maintenance — a huge sum that often comes with another, more hidden cost: the stress of finding reliable tradespeople, managing those jobs, and (in the worst-case scenario) picking up the pieces if things go wrong. Now, a startup called Super has built what it believes is a “fix” for that problem: a subscription service for maintenance and repair services for your property. Today, it’s announcing a Series B of $20 m...
Tags: Amazon, Verizon, Lyft, Real Estate, England, Collaborative Consumption, Funding, US, Maintenance, Tech, Repair, Aol, Qatar Investment Authority, Liberty Mutual, Home Services, Bay Area

Compass to Acquire Stribling & Associates in First Hometown Merger

Compass is acquiring esteemed independent Stribling & Associates, its first hometown merger, for an undisclosed sum, according to reports this week. The acquisition adds Stribling’s 300 agents to the brokerage, bringing its collective count in New York City to 1,800. Stribling & Associates was co-founded in 1980 by Elizabeth Stribling, and is helmed by Elizabeth Ann Stribling-Kivlan, Stribling’s daughter and the firm’s president. The addition is the brokerage’s first major move in New York, wher...
Tags: New York, News, Washington, Softbank, New York City, San Francisco, Chicago, Radio, Manhattan, Qatar Investment Authority, National, Compass, Bay Area, Latest News, Adams, Associates

Why Soft Power Is in Style in Qatar

Hundreds of influential faces in global politics, art, fashion and design descended on this tiny desert kingdom last week.
Tags: News, Qatar, Architecture, Qatar Investment Authority, Harrods, Fashion and apparel, Shopping and Retail, Politics And Government, LVMH Moet Hennessy Louis Vuitton SA, Doha (Qatar, Ralph & Russo Ltd, Your-feed-fashion

#Qatar Seeks More Russia Deals After `Great' Rosneft Investment - Bloomberg

Qatar Seeks More Russia Deals After `Great' Rosneft Investment - Bloomberg:Qatar is looking for more investment opportunities in Russia to capitalize on “huge” growth potential and is fully satisfied with its purchase of around a fifth of Russian state oil producer Rosneft PJSC, the Gulf state’s ambassador in Moscow said.“The company with its valuation has been attractive,” Fahd bin Mohammed Al-Attiyah said in an interview in the Russian capital. “It’s a great investment and we’re very happy to ...
Tags: Travel, China, Russia, Qatar, Moscow, Qatar Investment Authority, Rosneft, Gulf, BP Plc, Rupert Neil Bumfrey, CEFC Energy Co, Fahd bin Mohammed Al Attiyah

Saudi Wealth Fund Plans San Francisco Office

“We are working on opening up in London and in the U.S., initially New York but also San Francisco and potentially other cities,” Managing Director Yasir Al-Rumayyan said at a conference in Abu Dhabi. The Public Investment Fund would join the Qatar Investment Authority and Abu Dhabi’s Mubadala Investment Co. in opening in Silicon Valley as they build up technology holdings.
Tags: New York, Science, London, San Francisco, Qatar Investment Authority, Silicon Valley, Abu Dhabi, San Francisco Office, Mubadala Investment Co, Yasir al Rumayyan

Airtel Africa Raises USD 200 Mn From Qatar Investment Authority To Reduce Existing Net Debt - WeeTracker Media

Airtel Africa Raises USD 200 Mn From Qatar Investment Authority To Reduce Existing Net Debt   WeeTracker Media Airtel Africa, a subsidiary of Bharti Airtel, has received USD 200 Mn in funding via a primary equity issuance from Qatar Investment Authority (QIA), the State of ...
Tags: Seo, Qatar Investment Authority, Bharti Airtel, Airtel Africa, WeeTracker Media Airtel Africa

Airtel Africa raises $200 million from Qatar Investment Authority

Airtel Africa has received $200 million in funding (through primary equity issuance of Airtel Africa Limited, UK) from Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. Existing shares will not be sold in this transaction. Airtel Africa will use the funding to... ...
Tags: Travel, Mobile, News, Internet, Investments, Qatar, Telecom, Qatar Investment Authority, Airtel, Qatar Investment Authority QIA, Airtel Africa, Airtel Africa Limited UK

Deutsche Bank Gets Qatari Commitment For More Funds - Bloomberg

Deutsche Bank Gets Qatari Commitment For More Funds - Bloomberg:Deutsche Bank AG won a commitment for new investment from Qatar as the troubled German lender moves toward a potential merger with Commerzbank AG.The investment is likely to be made through the Qatar Investment Authority, the country’s sovereign wealth fund, according to people familiar with the matter, who asked not to be identified because the talks are private. Two other Qatari investment vehicles, controlled by members of the ro...
Tags: Travel, Qatar, Bloomberg, Qatar Investment Authority, Deutsche Bank, Commerzbank AG, Deutsche Bank AG, Commerzbank, Rupert Neil Bumfrey, Deutsche Bank Germany