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45 firms to bid for Jordan energy project

Bloomberg Jordan selected 45 companies including France’s Total SA and Saudi Arabia’s ACWA Power as finalists to bid for six solar and wind energy power plants with total capacity of 300 megawatts of power. The 31 companies selected for the four solar power plants include Linuo Group, FRV Solar Holdings, ACWA Power, Chint Solar, Total Solar and TBEA Xinjiang Sunoasis, ...

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Oil trading giants Glencore, Vitol targeted in PDVSA bribe suit

Bloomberg Oil trading giants including Glencore Ltd. and Vitol SA paid millions of dollars to a former PDVSA trader to get the inside track on Venezuelan oil deals, according to a lawsuit filed by a trust for Petróleos de Venezuela SA. The alleged conspiracy, which includes more than two dozen companies and individuals, even has a name worthy of a ...

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Bahrain’s Investcorp set to launch $100mn new fund

Reuters Bahrain-listed Investcorp plans to launch a $100 million fund dedicated to Oman’s pension funds, the alternative asset manager said on Sunday. Investcorp’s new fund will focus on private equity investments in the United States and Europe, the company said in an emailed statement, and will target mid-sized companies across a broad range of sectors. Investcorp, which manages more than ...

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