09/12/2018
National Fund set to buy IDFC infra debt fund
NIIF is a joint venture with India owning 51% and the rest by sovereign funds and other local banks.
Alternative Investments
09/12/2018
Abu Dhabi Ports, Kizad in China to woo investors
Abu Dhabi Ports has played an important role in strengthening these ties.
09/12/2018
Saudi Arabia's sovereign wealth fund raises $11 bln loan with 15 banks -Maaal
The deal is the first commercial loan for the PIF, which has been tasked with helping to deliver the government’s Vision 2030 reforms.
09/12/2018
Aldar Properties creates new subsidiary with $5.4 bln assets
It’s an evolution that brings a new degree of operating capital efficiency.
09/11/2018
Qatar- Kuwait market emerges as new darling of investors
Kuwait capital markets have been long neglected by investors and Kuwaiti policy makers, Marshall Stocker, a Boston-based portfolio manager at Eaton Vance Corp
09/11/2018
Egyptian real estate startup Aqarmap raises funding
We are honoured to have three of the leading VC firms in the MENA backing Aqarmap and believing in our vision.
09/11/2018
Abu Dhabi’s Aldar Properties hires banks for $750 mln sukuk refinancing - sources
Aldar, Abu Dhabi’s largest developer, reported last month a 28 percent fall in second-quarter profit attributing it to a revaluation of properties related to its retail portfolio.
09/10/2018
UAE bank mergers to ring in economies of scale
It is imperative for companies to seek efficiency in order to maximise margins and remain ahead of the competition
09/09/2018
Meet stock investors' new Gulf darling
Once overshadowed by its bigger neighbours in the Gulf, Kuwait’s market has emerged as the new darling of global investors.
09/09/2018
Shuaa to hold 87.22% stake in Kuwait's Amwal investment bank after acquisition
Shuaa says Amwal shareholders representing 70.9% stake in the company agree to sell their shares
09/09/2018
Emirates named the best airline in the world
The Dubai flag carrier was voted top among dozens of airlines
09/07/2018
Northern Powerhouse cities for UAE property investors
Liverpool, Manchester and Leeds offer investors more affordable properties with healthy returns
09/06/2018
Dubai wealth fund ICD launches new logistics firm
ISS Global Forwarding set up in Dubai and will initially be present in 18 countries across the Middle East, Africa, Europe, India and Turkey
09/06/2018
Dubai’s Abraaj receives $1 bid for fund unit
The business managed $14bn at its peak
09/05/2018
EFG Hermes concludes advisory on $52 million DGC IPO
Financial services corporation in frontier and emerging markets EFG Hermes has concluded its advisory to the Oman-based Dhofar Generating Company on its $52 million initial public offering on the Muscat Securities Market.
09/05/2018
Turkey Ripples Hit Korea as Record Money-Market Funds Pulled
“Investors seem to have gotten nervous about the situation in Turkey,” said Kim Ki-myung, a credit analyst at Korea Investment & Securities Co. in Seoul.
09/05/2018
UAE Private Sector Growth Slows, Employment Shrinks
A reading above 50 indicates expansion and below that level, contraction, Reuters reported.
09/05/2018
Bahrain said to raise $500m as it awaits support from Gulf allies
Sources say Bahrain has raised $500m from a private placement of bonds with five regional banks
09/05/2018
Egypt’s Aqarmap Secures Investment From Wamda Capital, KISP And Raed Ventures
Through its mobile app and web platform, the startup is helping users buy, sell, and rent properties in Egypt, Saudi Arabia, and the UAE.
09/04/2018
Abu Dhabi Confronts Glut of Banks With Three-Way Merger Plan
The shares of ADCB and Union National Bank PJSC jumped by the daily limit of 15 percent at the open in Abu Dhabi.