08/01/2012
Investcorp planning expansion in region
Responding to client demand and subject to regulatory approval, Investcorp is set to expand in the Gulf, while maintaining its significant historical presence in Bahrain.
Alternative Investments
07/30/2012
49% increase in Israeli private equity activity in H1/2012
The current Survey is based on the activity of 77 private equity funds of which 31 are Israeli and 46 are foreign.
07/30/2012
Masraf Al Rayan launches brokerage firm
The company said that ARB had already employed a team of highly-qualified professionals to extend the best Islamic investment and brokerage practices and services.
07/29/2012
Emaar Q2 profit soars 146%
The second quarter profit beats the forecasts of three analysts polled by Reuters, who on average had expected Emaar would make a net profit of Dh516.33 million.
07/29/2012
Leading Swiss private bank launches new fund
The fund invests in securities of companies located throughout the world that are engaged in mining or processing gold, a statement from the bank said. A part of the net assets of the fund can be invested in companies that mine or process other precious m
07/26/2012
Gulf Arabs shouldn't delay single currency - Qatar central bank official
The creation of monetary union became the primary objective of the six GCC members in the early 1980s.
07/25/2012
Insurance key as new investment frontiers open up
The newfound interest in developing countries is also being marked by a shift in expectations about these new investment frontiers, which have been growing at a rapid clip for more than a decade.
07/25/2012
Societe Generale Securities Services appointed by ITG in Egypt
Societe Generale Securities Services (SGSS) has been appointed by ITG to act as its settlement agent bank in Egypt.
07/24/2012
Hilton Worldwide announces Hilton Hotels and Resorts development in Iraq
Hilton Worldwide has announced expansion plans in Iraqi Kurdistan, Northern Iraq, with the signing of a management agreement with the Mihtab Group to develop the first Hilton Hotels & Resorts property in the rapidly growing city of Erbil, Iraq.
07/24/2012
Dubai Gold and Commodities Exchange reaches out to UAE gold traders
Samir Shah, Chief Business Officer of DGCX said: "Gold prices have had a phenomenal run over the last two years, but the distinguishing feature of the gold market in this period has been the extreme price volatility of the precious metal, which has c
07/24/2012
Abraaj Capital announces completion of acquisition of Aureos Capital
With the consummation of this acquisition, Abraaj Capital now has approximately $7.5bn in assets under management, a presence in over 30 countries, and over 150 investments managed by a seasoned team of investment professionals with unmatched local expert
07/24/2012
DIFC grew by 7% in 2011
The Dubai International Financial Centre (DIFC), the financial and business hub connecting the region's emerging markets with the developed markets of Europe, Asia and the Americas, issued its fifth annual Economic Activity Survey Report.
07/23/2012
Saudi mortgage law to boost takaful industry
However, perhaps the most important key driver of insurance in the Kingdom, as in many countries, is compulsion through government policy and legislation such as compulsory health insurance for expatriate workers and motor third party liability insurance
07/23/2012
New players to join Saudi real estate market
Real estate and banking officials told Arab News that Saudi Arabia would offer a bunch of facilities to investors in a bid to attract more foreign investment.
07/22/2012
SICO receives regulatory approval for its new brokerage operation in the UAE
Located in Abu Dhabi, Securities & Investment Company United Arab Emirates (SICO UAE) will execute trades for its institutional and high net worth clients on the three principal stock exchanges - ADX, DFM and NASDAQ Dubai.
07/22/2012
Gulf bond issuance activity to remain fairly robust
The report noted that a number of regional governments are interested in using bonds and sukuk as a liquidity management tool while stimulating the development of the capital markets more broadly.
07/22/2012
Morgan Stanley may sell commodity stake to Qatar - CNBC
It said a deal might be imminent, but cautioned the exact terms could not be determined and that discussions could still fall apart.
07/22/2012
QNB, Stanchart win Qatar custody licence
QNB and Standard Chartered, he said, will be starting their activities as custodians in the next few days.
07/19/2012
UAE brokerages under threat as volumes fall further
First-quarter trading activity surged from a low of Dh62 million (US$16.8m) a day in January to a peak of Dh981m in March as sentiment and investor appetite for riskier asset classes improved, causing many brokerages to postpone plans to shut down.
07/18/2012
Bofa-ML study bullish over Dubai property
The research stated that if those jobs were created, and the new population had an average household size of three people, Dubai would see demand for an extra 317,000 units, or 94 percent of current stock.