03/26/2015
Korea Investment Corp. looking to add overseas offices in Asia, Middle East
Korea Investment Corp. is looking to expand its overseas network with offices in Asia and the Middle East, said a senior KIC executive.
Alternative Investments
03/26/2015
Dubai World wins investors' trust
Approval to end court proceedings relating to group’s $14.6 billion debt restructuring deal.
03/25/2015
Jadwa, Apicorp buy majority stake in SMI
Headquartered in Riyadh, SMI is a Saudi engineering company engaged in manufacturing a variety of products with a focus on fluid flow and control equipment.
03/25/2015
National Bank of Kuwait to meet investors for potential Tier 1 bond
The bank has mandated HSBC and Standard Chartered as joint global coordinators for the Tier 1 bond
03/25/2015
KFH-Bahrain Sells 3100 Residential Units from Diyar Al-Muharrq to Ministry of Housing for BD 276 mln
This major agreement will undoubtedly encourage further cooperation between the public and private sectors
03/25/2015
Noor Takaful Signs Banca Takaful Agreement with Ajman Bank
Being both globally portable and affordable, we are confident our products will have a strong appeal to the customer base of Ajman Bank
03/25/2015
Oman Insurance Company provides advance payment to the Torch Tower’s owners
The second one indemnifies the owner landlord for loss of rent when the leased premise is uninhabitable.
03/25/2015
Qatar to treat Gulf investors as locals, freeing up foreigner quotas
The move will in effect allow foreign investors, from both the Gulf and outside the region, to hold bigger stakes in listed Qatari companies, most of which have ceilings on total foreign ownership of 25 or 49 percent.
03/25/2015
Morocco aims to attract multi-billion dollar investments during AIM Congress in Dubai
A large delegation from the Moroccan public and private sector organizations will be present at this year's Annual Investment Meeting Congress in Dubai this month.
03/25/2015
Kuwait’s fund Arzan VC announces third investment of the year
Being sector and country agnostic, Arzan announced on March 9th that it invested in Russian startup Idinaidi.ru, a real estate portal headquartered in Moscow.
03/25/2015
Bond Investors See Rate Cut Ahead as Flug Battles Surging Shekel
The yield on the benchmark notes due March 2024 rose six basis points from a record low after Flug’s five member monetary policy panel held the base rate at 0.1 percent on March 23.
03/25/2015
Visa to open innovation centre in UAE
Visa announced today that it will invest in an innovation centre in Dubai, UAE. Dubai is Visa’s regional headquarters for Central and Eastern Europe, Middle East and Africa.
03/24/2015
Greenstone Equity Partners announce collaboration with Middle East Venture Partners to support the growth of the Middle East's Digital Economy
Greenstone Equity Partners , one of the largest independent fund placement firms in the Middle East, has entered into a partnership with Middle East Venture Partners
03/24/2015
Aabar plans exchangeable bond into UniCredit stake
The bonds may be sold in two tranches
03/24/2015
Turkey's Akbank mandates banks for potential eurobond issue
Turkish lender Akbank said on Tuesday it mandated banks for a potential eurobond issue outside Turkey
03/24/2015
ME banks set to raise share in transaction revenues
The attendees unanimously agreed that such success will hinge on the adoption of innovative technology, with 61 per cent identifying it as “the most critical factor” to success, and 100 per cent deeming it either crucial or important.
03/23/2015
Traders in Jeddah and Riyadh learn new Investment Strategies
ADS Securities, the largest FX, CFD and precious metals brokerage in the GCC was impressed by the enthusiasm and knowledge of traders in Jeddah and Riyadh.
03/23/2015
FHS named Best Domestic Equities Trading Service
Finance House Securities announced that it has won the Best Domestic Equities Trading Service award at the Banker Middle East Product Awards 2015 for the second consecutive year
03/23/2015
Stake sale in First Gulf Financial Services to Integrated Financial Group completed
Following our strong performance in 2014, the Bank remains focused on growing its core business areas
03/23/2015
FGB sells 45% of stake in brokerage firm
First Gulf Bank announced on Monday that the sale of its 45 per cent stake in brokerage firm, First Gulf Financial Services , to Integrated Financial Group has been concluded.