06/28/2015
Mobily fiasco highlights need for good governance in the Middle East
The company’s chief executive departed in disgrace, and the Capital Market Authority deployed a team to comb through its financial practices.
Alternative Investments
06/28/2015
Arab investors move into Canadian health food market
A consortium of investors from the Middle East region is set to acquire a majority stake in La Maison Cannelle, a leading specialised food producer in the health and wellness food segment based in Quebec, Canada.
06/26/2015
SCTA partners with key ministries for agri-tourism development
One of the major themes in the SCTA 's strategies is its effort to diversify and develop tourism products in the Kingdom
06/26/2015
US$4.5b rescue of debt-ridden 1MDB may weigh on Abu Dhabi’s IPIC
The Abu Dhabi firm also agreed to assume US$3.5 billion of 1MDB debt, and forgive an undisclosed amount of debt owed to IPIC by 1MDB, in exchange for assets which have not been named.
06/24/2015
ME group buys majority stake in Canadian food brand
“Through our presence in Canada, we were able to identify and structure the transaction, while on the other hand we raised capital from Middle East investors looking to get exposure to the sector.”
06/24/2015
Al Madina Takaful plans to acquire Vision Insurance
Al Madina Takaful Co intends to fully acquire Vision Insurance Co
06/24/2015
Opening up of Saudi bourse to FDI good for Oman
The opening up of Saudi Arabia's stock market , the Middle East's largest by capitalisation, to foreign investors since June 15, will have positive impact on Oman and the region
06/22/2015
Tadawul stocks correcting due to ‘seasonality reasons’
Fresh inflows have been minimal so far, disappointing some local retail investors
06/22/2015
Islamic lender Amlak says eyeing partnership with Dubai's Emaar
Dubai-based Islamic mortgage lender Amlak Finance has said it is in talks with Emaar Properties to launch a partnership.
06/22/2015
Saudi lender NCB raises 1 bln riyal capital-boosting sukuk
Perpetual sukuk will boost bank's tier 1/core capital
06/22/2015
IndAsia Fund, Iran’s Middle East Bank form joint venture to tap investment
Iran has $8.8 billion of interest-free funds lying idle in India because of the sanctions.
06/21/2015
Public Investment Fund, Russian Fund sign MoU worth $10 billion
It is noteworthy that RDIF is one of the world’s leading mutual funds
06/19/2015
Dubai's Daman Investments says working on IPO
Daman had said in mid-March that it was in the final stages of obtaining regulatory approval and hoped to launch an initial public offer in the next few weeks.
06/19/2015
Falcon Insurance plans to float initial public offering
Details such as the volume of the offer, price and timing will be finalised and announced after receiving those approvals.
06/19/2015
QDB launches home-based business drive
In a bid to promote home based businesses, Qatar Development Bank 's, in collaboration with Ministry of Labour and Social Affairs, Social Development Centre and Qatar Chamber, yesterday launched Home-based Business National Programme.
06/19/2015
Tadawul plans road shows at world financial centers
The Saudi stock exchange, which is now open to international investors, has planned to showcase the significant opportunities it holds in different parts of the world.
06/17/2015
KIPCO recognized by Forbes Middle East
KIPCO - the Kuwait Projects Company - announced today that it was recognized by Forbes Middle East as a Top Arab Company for the second consecutive year
06/17/2015
ADCB Al Nokhitha Fund awarded "Best Fund over 3 years, Equity, United Arab Emirates"
By Thomson Reuters Lipper Fund Awards 2015 for the Arabian Markets
06/17/2015
New UAE state bank to push housing, job creation policies
The United Arab Emirates launched a state-owned bank on Wednesday to finance housing and other projects for UAE citizens, in a fresh round of intervention to promote the government's social policy objectives.
06/16/2015
HDFC makes affordable housing play; launches $1-billion global fund
The world's second largest sovereign wealth fund the Abu Dhabi Investment Authority, is one of the investors, according to two persons close to the development.