08/13/2018
Egypt: AAIM's assets under management jump to USD269m
The managing director added "the growth in managed assets, amounting to 1.7 billion pounds, came as a result of the new mandates to manage more financial portfolios."
Alternative Investments
08/12/2018
State Street banker sees pace of reforms in Arabian Gulf accelerating
Laurina began his career in banking at the Bank of New York’s Brussels and London offices
08/12/2018
Saudi Arabia's massive investment fund said to be uninterested in funding Tesla's idea to go private
Tesla CEO Elon Musk has yet to submit a formal proposal for his idea to take the company private, but a major investor doesn't appear interested in financing a buyout, Reuters reported on Saturday.
08/10/2018
Saudi's fund manager-in-chief veers off-piste
The move risks undermining Saudi's ability to attract foreign capital
08/09/2018
BD150m government bonds listed on bourse
The system will automatically match the orders in accordance with the price priority then time priority.
08/08/2018
Saudi Aramco, Malaysia's Petronas tap banks for jumbo financing - sources
The two firms issued a request for proposals to banks last month and are now in preliminary discussions for a self-arranged loan
08/07/2018
Dubai financial firm Shuaa proposes first dividend payment for 10 years
Shuaa Capital posts a 21% jump in Q2 net profit while quarterly revenues also increase
08/06/2018
Asset manager Fidelity International to launch in DIFC
Free zone recorded 17 per cent rise in number of registered financial institutions in H1 2018
08/06/2018
United Arab Bank secures $185m funding
Both facilities have a 1-year extension option at the end of the two-year term
08/05/2018
United Arab Bank concludes $185m financing
Proceeds of the facility will be used for general corporate purposes and the refinancing of an existing syndicated facility
08/05/2018
Kushner family strikes deal with major real estate firm
Jarad Kushner's family have finally escaped a crushing debt by selling building
08/03/2018
Saudi hastens Vision 2030 with debu tloan from sovereign wealth fund
Requests for proposals to participate have been widely distributed, with the deadline passing on Wednesday
08/02/2018
Turkey ETFs in trouble
The government’s ultra-loose policies (both fiscal and monetary through Erdogan’s control of the central bank) have been labelled unsustainable, leading to a build-up of vulnerabilities within the Turkish economy.
08/02/2018
ADSS expands legal team with new hires in the Middle East
ADSS will also welcome Hannah Chow, an Australian qualified lawyer with extensive experience working on general commercial, corporate, IP, technology, media, regulatory and compliance matters.
08/02/2018
Confidence in investment in Kuwait gets fillip from KIF
Kuwait has also witness improvement in its position in many key international indicators
08/01/2018
Saudi sovereign wealth fund in bank talks for debut loan
Vehicle tasked with cutting country’s reliance on oil has interest from banks
08/01/2018
Banks weigh on Saudi and Dubai, as Qatar rebound continues
Investors have been cautious about valuations for top companies in the Saudi market in recent months after a near 15 percent rise in the index this year.
08/01/2018
Funds' confidence in UAE equities returning, bullish on Kuwait
Dubai-based Abraaj filed for provisional liquidation in the Cayman Islands in June after a dispute with international investors over how it used their money in a $1 billion healthcare fund.
07/31/2018
Shuaa Capital to boost foothold in Saudi Arabia, Kuwait, Egypt
Partnership with JODC is aimed at locating investment opportunities in the Saudi real estate market
07/30/2018
Egypt gets most of IFC’s record $2.4b financing for Mena
The World Bank’s member financed projects worth $1.3b in Egypt, making it 46% of the total investments made in the Middle East