06/25/2018
High tech investment platform Praemium sets eyes on Middle East
The products will be made available in the UAE under a partnership with Mashreq Bank
Alternative Investments
06/25/2018
A lowdown on the Abraaj Capital saga
US fund Colony Capital had earlier agreed to buy some of its key funds
06/25/2018
UAE financial firms launch JV to offer savings plans in Saudi Arabia
Shuaa Capital and National Bonds say partnership aims to meet a growing demand for investment and savings solutions in the kingdom
06/25/2018
UAE, Saudi Arabia set to spur IPO boom
UAE looks particularly strong in terms of announced and potential IPOs
06/24/2018
Bahrain Development Bank announces successful close of $100mln venture capital fund of funds to support Middle East startups
Region's first active Fund of Funds will support emerging technology startups
06/21/2018
$130bn sovereign wealth fund invests in Amerra’s big Greek bass, bream deal
Undercurrent also reported the involvement of Mubadala -- which has investments in sectors such as aerospace, semiconductors, mining, renewable energy, oil and gas and petrochemicals, to name a few -- last week.
06/21/2018
Colony Capital Agrees to Buy Some of Abraaj's Key Funds
U.S. asset manager to acquire Latin America, Turkey funds
06/21/2018
ADGM: Building the Future
Increasing the connectivity and offerings of innovative investment solutions in Abu Dhabi and Middle East by Abu Dhabi Global Market
06/21/2018
Egyptian broker to expand regional coverage as it eyes super rich
“We will continue to expand both our research coverage and investment banking franchise into Ethiopia, Uganda, Tanzania, Rwanda and Zambia,” the firm said in a statement.
06/20/2018
Abu Dhabi fund moves on Abraaj asset management business
The offer for Abraaj comes as the impact of the firm’s collapse continues to create waves across the region’s financial sector.
06/20/2018
Invesco launches the first Saudi Arabia ETF in Europe
The reforms within the ‘Saudi Vision 2030’ programme are intended to reduce the economy’s dependency on government funding and oil exports.
06/20/2018
Bahrain FDI more than doubles to $519m in 2017
The rapid growth came in spite of a drop in global FDI of 23 per cent.
06/19/2018
Abu Dhabi wealth fund agrees investment in Pension Insurance Corp.
PIC has a strong track record in pension risk transfer, with now more than £25 billion of financial assets under its control to support the pension benefits of over 150,000 individuals.
06/17/2018
GCC economies set to loosen purse strings to boost growth
Monetary policy will continue to remain focused on preserving currency pegs
06/17/2018
UAE to give Ethiopia $3 billion in aid and investments
The UAE will deposit $1 billion in Ethiopia’s central bank to ease a severe foreign currency shortage,
06/17/2018
Dubai FDI organises economic mission to Australia to boost trade ties
Five-day roadshow to meet public & private organizations focused on technologies, healthcare, agriculture, aerospace, transportation & infrastructure
06/14/2018
How the Middle East's Top Investment Firm Unraveled: Timeline
A court-supervised provisional liquidation would allow the company to restructure debt, negotiate with creditors and sell assets.
06/14/2018
UAE's Reform Measures to Offer Relief for Businesses Across All Sectors
Most analysts and corporate leaders believe such bold strategies would help offset the impact of VAT-induced slowdown while reinforcing investor confidence leading to a pick up in foreign direct investments.
06/14/2018
Mark Mobius says he's "not bullish" on Saudi stocks
MSCI is due to announce on June 20 whether it will add the country to its emerging markets category
06/14/2018
Abraaj heads towards liquidation
The two creditors are Kuwait’s Public Institution for Social Security (PIFSS) and Auctus Fund Ltd. Both are claiming $100 million that is owed but not repaid.