08/31/2018
Actis bids for Abraaj's emerging market funds -sources
Abraaj received bids this week to manage the funds and is expected to close the deal with the successful bidder by the end of the year, one of the two sources said.
Alternative Investments
08/31/2018
UAE company backs new Soviet-influenced luxury vehicle
Media report names Tawazun named as investor in Putin-approved sedan
08/30/2018
Turkey Puts Pimco and BlackRock on Wounded EM Bond-Fund List
Contagion from lira meltdown battered EM local bonds in August
08/30/2018
ABANA to Honor David Rubenstein for his Contributions to the MENA Region
The 2018 ABANA Award Dinner partners include BlackRock and The Carlyle Group.
08/29/2018
Asset Managers Must Be Nimble In The Middle East
Yet unlike Asian markets, Middle Eastern aviation growth significantly depends on the volatile price of one commodity: oil.
08/29/2018
A summer of mixed messages for the UAE property industry
A number of banks have hiked up their mortgage exit fees to three per cent for new and existing customers
08/29/2018
UAE indices bide time as fresh leads eyed
Tadawul index stays above 8,000 for a second day in a row
08/28/2018
Bahrain to launch international bid for metro project
The Arabian Gulf state is seeking private sector partners to partly finance the project
08/28/2018
Saudi king tipped the scale against Aramco IPO plans
For the past two years, Saudi Arabia has prepared to place up to 5 percent of its national oil company on the stock market.
08/28/2018
Sarwa Capital reveals IPO plans on Egyptian Exchange
Sarwa operates under its own brands in addition to other white-labelled brands in partnership with major Egyptian corporations.
08/27/2018
Dubai’s Abraaj said to owe fund investors at least $300m
Investors argue they should not have to pay management fees to Abraaj
08/27/2018
Dadabhai Properties signs partnership deal with Al Baraka
The bank will provide eligible buyers including Bahrainis, GCC nationals, and expatriates with flexible re-payment structures at competitive rates.
08/27/2018
Saxo Bank reveals 139% growth in UAE-based female traders
Women now constituting 10 per cent of all Saxo Bank-registered online traders in the UAE – up from eight per cent in December 2016
08/24/2018
Scots pension fund sells shares in controversial Israeli bank
Israeli media has named 25 of the companies including HPE, RE/MAX and Bank Hapoalim who all carry out business in the Occupied Territories.
08/24/2018
Riyadh to seek $11bn in bank loans after Saudi Aramco IPO stalls
Sovereign wealth fund aims to fill hole left by postponed blockbuster listing
08/22/2018
Company mergers, acquisitions to reach $13 billion this year
"With less bureaucracy and less tax burden, more positive developments will be seen in the deals," he said and added that Turkey has the potential to see the realization of M&A deals worth $25 billion to $30 billion.
08/22/2018
Korean investors shift funds to Middle East
South Korean investors are looking instead at Middle Eastern bank deposits that typically offer better yields than local or Chinese banks.
08/21/2018
Sovereign wealth funds search for new investments
Goal is to shift away from petro-dollars and offer economies broader revenue streams
08/21/2018
Saudi Arabia’s PIF Mulls Investment in Lucid Motors
Funding would be a welcome new lease on life for Lucid, which had been trying to raise a series D round of $700 million last year to get a plant up and running in Arizona.
08/20/2018
Trade between Hong Kong, UAE hits $4.63bln in H1 2018
The UAE is Hong Kong's 18th largest trading partner