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Abu Dhabi and Malaysia have reached a conditional agreement under which Malaysian state fund 1MDB will pay US$1.2 billion to settle a debt dispute that had led to arbitration proceedings in London.
A filing on Monday on the London Stock Exchange says Abu Dhabi's International Petroleum Investment Co. will receive half the money by July 31 and the other half by December 31.
Malaysia will also assume the coupon and principal obligations for two dollar bonds issued by 1MDB and co-guaranteed by IPIC, according to the statement.
"These obligations will be met by 1MDB, primarily via monetisation of 1MDB-owned investment fund units".
Justice Zainal Azman ruled that there was sufficient proof - based on the applicants' affidavits and testimony - that the Temiar had resided in the area for a long time, practised their customs on it, and managed the land.
But after the 1MDB financial assistance package became a key part of a United States Justice Department probe into alleged money laundering in July past year, both sides were forced to open backdoor channels to get bilateral ties back on track and to work on hammering out a settlement for the dispute, according to financial executives and government officials close to the matter.
Scientists discover planet likely to comprise alien life
Dittmann thinks that the TRAPPIST-1 planets and LHS 1140b are exciting in their own right, and all deserve to be studied further. During that time, the habitable zone of the star would be much further out, which means that LHS 1140b was exceptionally heated.
However, this is only the beginning as the U.S. is investigating possible money laundering and other crimes linked to 1MDB across Singapore, Hong Kong and Switzerland.
In June that year, Abu Dhabi announced it was seeking $6.5 billion from the Malaysian fund through worldwide arbitration. It had also extended a loan of $1 billion to 1MDB.
These include the $1.75bn 5.75 per cent fixed rate notes due 2022 and $1.75bn fixed rate 5.99 per cent notes due 2022, both issued by 1MDB entities.
The question then is, if we have indeed paid the above sums, totalling US$3.51 billion to IPIC or its subsidiaries, why then are we allowing IPIC to relieve itself as an ultimate guarantor for the bonds, and why is MOF Inc assuming the US$3.5 billion of liability?
The agreement is contingent on the arbitration panel making a consent award on May 31, the filing said. "These significant events represent the continued positive progress made by 1MDB, which is nearing the completion of its rationalisation programme", Datuk Seri Tengku Sariffuddin Tengku Ahmad, press secretary to the prime minister, said in a separate statement yesterday. Both IPIC and Aabar claimed they did not receive the collateral.
Late Friday afternoon, a mortar landed on the Israeli side of the Golan Heights, a short time afterward, two more hit Israel. The Syrian Observatory for Human Rights monitoring group confirmed the early Sunday attack but had no further details.
Others all along had Canada as their intended final destination, obtaining US visas exclusively for the objective of coming here. The arrest was part of an investigation launched in December 2016, said Jason Evert of the Canadian Border Services Agency.
The court heard hours of impact statements from Smith's friends and family yesterday, including Smith's widow Racquel. Foret agrees. "Most judges have their minds made up when they take the bench the morning of sentencing", he said.
With the win, Oklahoma City improved to 46-34 on the season which is good for sixth place in the Western Conference. It all means a showdown in the first round of the playoffs between the Thunder and the Rockets.
People lit candles for those killed and wounded and one woman painted the word "freedom" on her forehead. In addition, two police officers injured in the attack remain in the hospital with serious injuries.
As the lawsuits played out Monday, the state's execution facility was braced for a rapid reversal of the decisions. However, Griffin also attended a protest against capital punishment outside the governor's mansion on Friday.
But Bulls guard Dwyane Wade said his team must be prepared for the Celtics to open up the book on the Bulls' flaws. The Clippers' sharpshooter got only 13 shots in 60 minutes of playing time in the first two games of the series .
He said they need not have gone public with their revolt against him and said " Had they asked me, I would have resigned". Meanwhile, Dinakaran returned to Chennai from Bengaluru after prison officials refused to allow him to meet Sasikala.
He did an about face pitching five innings and driving in four runs in the Cardinals 6-3 over the Brewers in Milwaukee . Peralta helped out on offense, putting the Brewers on the board with a run-batted-in single in the second inning.
The report also showed stockpiles at the U.S. crude hub at Cushing, Oklahoma, rose 276,000 barrels in the week ended April 7th. Brent crude, the global oil benchmark, rose 0.64% to $56.59 a barrel on London's ICE Futures exchange.
Paynor said that with "Multilateral meetings of this sort, you usually expect 100% attendance". Bolivar on Wednesday said: "We can not announce that yet".
Pep Guardiola draws positives from Manchester City challenges
Arsene Wenger compared Aaron Ramsey to Chelsea legend Frank Lampard ahead of Arsenal's FA Cup semi-final against Manchester City . With fourth placed City well adrift of leaders Chelsea , boss Pep Guardiola is destined to finish his first season empty-handed.
Egypt president in Saudi Arabia to reaffirm ties
The two leaders will discuss ways to boost bilateral strategic ties as well as regional and worldwide issues of joint interest. In another major decisions taken Saturday night, Minister of Information and Culture Adel Al-Toraifi was replaced by Dr.
Wall St slips ahead of French election
Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq , a 1.22-to-1 ratio favored decliners. The UK's FTSE 100 Index added 0.1 percent, as did Germany's DAX Index, while France's CAC40 Index advanced 1.5 percent.
India to get normal monsoon: IMD
Stating that one should not think monsoon in isolation, he said: "You have to think monsoon with market together". This means the state, which is reeling under its worst drought so far, can not wish it away even during monsoon.
Unemployment rates fall to record lows in 4 US states
The 0.4 percent over-the-year gain in IL is about one-third as strong as the +1.5 percent gain posted by the nation in March. Idaho's unemployment rate in March dropped a tenth of a percentage point from the previous month to 3.5 percent.
White House pushes uncertain bid to revive health care bill
On Tuesday while in Wisconsin, Trump said he was confident about the chances of Congress passing a health bill soon, reports CNN . His big-picture takeaway on the discussions: "Differences have narrowed and this thing is very much alive".
The most challenging game on the Ravens 2017 schedule
The Packers then get a rematch in week two against the defending NFC Champion Atlanta Falcons on Sunday night, September 17. In all, the Packers have five prime-time games, a total that could change based on flex scheduling.
How suspected bus bomber hoped to make millions
He said the suspect had been under close surveillance for about a week and that the evidence against him was significant. The match was postponed by 24 hours and ended in Borussia Dortmund's first home defeat in 21 matches.
Bebe expects to close all it stores by the end of May
It hired a real estate adviser to look into its lease holdings and a financial adviser to explore "strategic alternatives". The company posted a net loss of $13 million during that period, down from $22.5 million a year earlier.
Trump says China could solve NKorea 'problem'
Fighting terrorism and in particular "uprooting Daesh" is one of the top priorities in the Mediterranean area, he said. For Canada, next month's G7 will serve as a handover for next year, when its turn comes to host the gathering.
Japan says differences with US on economic talks
The trip so far has been dominated by US and allies' concerns about North Korea's nuclear and missile development efforts. Tensions on the peninsula have ratcheted up in recent weeks amid sabre-rattling from both the USA and North Korea.