05/15/2018
Amjaad Group announces Moevenpick hotel in Muscat
The company stated that it had analysed all the requirements of the project in order to select the most appropriate operator.
Alternative Investments
05/15/2018
Dubai-based GEMS Education said to move ahead on IPO
Will hire investment banks including Bank of America, Credit Suisse, JP Morgan. and Emirates NBD to manage the IPO, people familiar with the matter said
05/15/2018
EFG Hermes reports $14m Q1 net profit
Strong gains in fees and commissions were offset by a comparatively weaker quarter for our treasury function given the strong gains from merchant banking exits in 1Q2017.
05/15/2018
NYC Hedge Fund Eyes Its Next Distressed-Debt Target: Bahrain
‘There could be pressure on Bahrain,’ says Greylock’s Humes
05/15/2018
Dubai Buyout Firm Reassures Banks on Liquidity Concerns
Abraaj told lenders it’s close to finding a buyer for the asset-management stake and will soon complete the disposal of its holding in K-Electric Ltd., they said.
05/15/2018
Aldar reports 5% rise in Q1 net income as off-plan sales rise
Company launched a tie-up with Dubai’s Emaar Properties during the first quarter of 2018
05/15/2018
Damac first quarter profit plummets 45% amid rising sales cost
Net income for the first three months of the year drops to Dh483.9m
05/14/2018
Global distributes USD32mn to its clients investing in its private equity fund, GMFA
The first exit is from Asian Finance Bank, a boutique corporate bank in Malaysia and the second from Bindar Trading and Investment a leading consumer finance company in Jordan.
05/14/2018
Waha Capital reports 23% net profit rise on improving assets
Abu Dhabi-listed firm also recorded Dh25m gain on share disposal in Aercap Holding
05/14/2018
Dubai gold prices rise, 22k priced at Dh150
The weakness in dollar is helping gold prices in Asia.
05/14/2018
Mideast investors ease off buying overseas commercial property
Last year saw a 25% dent in deal flows from 2016 to total $9.1b
05/14/2018
Access World Logistics opens facility at Jafza
The facility, with a storage capacity in excess of 100,000 freight tons of multiple products, has a 15,200 m2 covered warehouse.
05/13/2018
DAMAC Properties rings bell to celebrate listing of USD 400 million Sukuk on Nasdaq Dubai
The Sukuk was sold to investors in the Middle East, Europe and Asia reflecting DAMAC Properties’ international profile.
05/13/2018
UAE-China investment fund commits $1bn for potential investments
The $10bn investment vehicle equally funded by China and the UAE aims to deploy capital in approved investments
05/11/2018
Izmir draws Arab property cash amid Turkey’s economic turmoil
Real estate purchases by foreigners doubled last year, according to a report in March from local newspaper Daily Sabah, citing figures from the General Directorate of Land Registry and Cadastre.
05/11/2018
Dubai PE firm rattles dealmaking in Mideast with alleged misused funds
At the heart of the contention is how Abraaj used some client money in a $1bn health-care fund.
05/11/2018
UAE investors target Nigeria for expansion
The UAE’s trade sector has the substantial expertise and capacities to promote cooperation with Nigerian companies
05/11/2018
Bahrain Development Bank launches $100m venture capital fund
The fund was launched at Gateway Gulf Forum, which is being held under the patronage of HRH Prince Salman bin Hamad Al Khalifa
05/10/2018
Oman’s sovereign wealth fund makes bold emerging markets call
The State General Reserve Fund of Oman is taking the management of assets in house and wants to divide money equally among world regions
05/10/2018
Cape Town luxury property 2nd best performer worldwide - report
In the last two years Cape Town has set South African records for both the highest-ever sale price achieved for a residential home