Singapore's GIC takes 20% stake in Turkish real estate firm

Singapore sovereign wealth fund GIC will inject 250 million euro ($314.3 million) to acquire a strategic stake in Turkey's leading commercial real estate developer Ronesans Gayrimenkul Yatirim (RGY), both firms said Thursday.

Goldman Halts Efforts to End $1B Libya Fund Lawsuit

The Goldman Sachs Group, Inc. (GS) stopped its attempt to dispose a $1billion lawsuit filed by the Libyan Investment Authority (:LIA), a sovereign wealth fund at London’s High Court.

ICD boosting activity in Africa to widen Islamic finance appeal

(Reuters) - The private sector arm of the Jeddah-based Islamic Development Bank [ISDBA.UL] plans to increase its activities in Africa, part of plans to widen the appeal of Islamic finance across the region, its chief executive said.

Libya's Sovereign-Wealth Fund Sues Goldman Sachs

Goldman Sachs Group Inc. is being sued by Libya's sovereign-wealth fund, according to a spokesman for the fund.

Egypt to apply gains tax in QNB bid for NSGB

CAIRO (Reuters) - Shareholders and investment funds that make capital gains from Qatar National Bank's (QNB) bid for Cairo-based National Societe Generale Bank (NSGB) will face a 10 percent tax, Egypt's tax authority said on Tuesday.

Argentina's Oil Rich Neuquen Province Mulls Sovereign Wealth Fund

BUENOS AIRES--Argentina'sNeuquen Province plans to set up a sovereign wealth fund to save some of the royalties it expects to reap from the development of its vast unconventional oil and gas resources.

Australia Selling the Farm as 20% Price Slump Lures Global Funds

Jan. 31 (Bloomberg) -- Winston Heywood ended a 200-year family history when he sold his parched wheat fields to a fund managed by U.S. investor Westchester Group Investment Management Inc. for more than A$6 million ($6.4 million).