CORRECTION- No, Eni is not allocating 70% of its global investment to Egypt: Widely circulated news in the domestic press last week claiming Eni will earmark 70% of its global investment to Egypt is not true, sources from the company told us yesterday. The story was corrected on our website.

CLARIFICATION- We over-reached with our assertion yesterday that Abraaj has sold key funds to Tom Barrack’s Colony Capital. We should have written that “Abraaj has agreed to sell” the funds. The transaction is still subject to certain conditions precedent and to limited partner approvals, a friend at Abraaj tells us.

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