IPIC
Malaysian taxpayers paid over $1.7 billion for 1MDB debt so far
Malaysia’s finance ministry has used a total of 6.98 billion ringgit ($1.76 billion) in tax money since April 2017 to pay back accumulated debt of state...
Malaysia to settle with Abu Dhabi in 1MDB case
The governments of Malaysia and Abu Dhabi reportedly reached an agreement on a partial debt settlement in the case involving scandal-ridden fund 1Malaysia Development...
Abu Dhabi’s quarrel over 1MDB debt deepens
Disputes between Abu Dhabi"s state-owned International Petroleum Investment Co (IPIC) and troubled Malaysian state investment fund 1Malaysia Development Berhad (1MDB) intensified on May 11,...
Abu Dhabi claims Malaysia’s 1MDB defaulted on $1.1-billion-debt
Abu Dhabi-based, stated-owned investment firm International Petroleum Investment Company (IPIC) said on April 18 that Malaysia's government fund 1Malaysia Development Berhad (1MDB) defaulted on...
Saudis confirm money for Najib was “donation”
Saudi Arabia's foreign minister confirmed that a $681 million deposit in Malaysian Prime Minister Najib Razak's private bank account was a donation originating from...
IPIC deal with Oman
The International Petroleum Investment Company (IPIC) of Abu Dhabi has signed a deal with Oman Oil in which they have agreed to invest in...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...