06/01/2012
Dubai govt backs $1 billion loan for DIFCI: sources
The Dubai government will partly guarantee the $1 billion loan which DIFC Investments will use to repay its $1.25 billion Islamic bond maturing in June, two sources said on Thursday.
Alternative Investments
06/01/2012
Boston Analytics chooses Bahrain for Gulf centre
Making the announcement, the company cited Bahrain's availability of qualified and motivated workforce as one of the reasons behind its decision.
05/30/2012
DIFC ties up with Australia Gulf Council
The agreement aims to promote and facilitate trade, investment and other opportunities between Dubai and Australia, said a DIFC statement.
05/30/2012
Emirates NBD AM named 'Best Asset Management Company'
The award ceremony was held in Abu Dhabi, alongside the Arab Investment Summit, which brought together leaders and experts from across the region and the world to meet and discuss investment opportunities in the Arab region.
05/29/2012
Personal touch for HSBC's rich clients
A customer willing to invest US$1 million (Dh3.6m) will be able to call on the discretionary portfolio manager as HSBC tries to increase its quality of service and improve its retail brand image in the Gulf.
05/29/2012
London firm sells Abu Dhabi bank site for US$26.6m
The company said in February that it sought at least GBP£21m.
05/21/2012
Gulf Finance Says Obtains Approval for Sukuk Restructuring
Holders of the Islamic bonds agreed to extend the maturity to June 2018, with a two-year grace period for the principal repayment amount in 2012 and 2013, the lender said in an e- mailed statement.
05/21/2012
Khalifa Fund and NBAD to launch Dhs500m SME Fund
The Fund will have an initial equity size of Dhs80m with matching commitments from KFED and NBAD. The size of the Fund is expected to reach Dhs500m.
05/18/2012
Mumtalakat supports GCC future entrepreneurs conference
The event is being held under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain, mandated by the Ministerial Committee for Planning and Development of the Gulf Cooperation Council (GCC)
05/18/2012
Lebanon seeks $2bn in bonds this year as yields drop
The possible sale of benchmark-size bonds depends on market conditions and the ministry has yet to appoint advisers, he said. Benchmark-size typically means a sale of at least $500 million.
05/18/2012
Citi Ranked #1 in Global Custody Services - Survey
Citi has been ranked #1 in global custody services by the world's leading asset managers, asset owners and banks in the 2012 Global Custody Survey compiled by Global Investor.
05/17/2012
DIFC continues to broaden strategic international ties
The MoU was signed by Mr Chris Eccles, Director General, Department of Premier and Cabinet, and Abdulla Mohammed Al Awar, Chief Executive Officer of DIFC Authority
05/16/2012
Gulf-based SWFs, Family Offices increasingly interested in alternative investments
Their need for diversification, increased yield in the current low interest rate environment, increasing sophistication, together with the fact that they are uniquely placed to deploy long term capital, makes them well placed to continue and increase thei
05/16/2012
Dubai Islamic eyes benchmark Islamic bond
Roadshows for the bond sale will begin in Kuala Lumpur on Thursday and end in London on Monday, a document issued by the lead banks on Tuesday showed.
05/15/2012
Rise in Dubai property deals with banks aiding clients offload units
One such example is the Qatari lender Doha Bank, which yesterday issued tenders in the UAE’s local dailies to offload eight apartments in Emirates Garden cluster of Jumeirah Village South.
05/14/2012
Warba Bank's $33 million UK property deal
The building enjoys excellent characteristics and is distinguished by its unique and award-winning design. It provides long-term income and a security of a world class covenant for Warba Bank.
05/07/2012
DIFC Investments has likely sold Smartstream - JP Morgan
DIFC Investments (DIFCI), the investment arm of the company running Dubai's financial free zone, has likely sold software company SmartStream Technologies, resulting in a $68.8 million impairment provision, JP Morgan said in a research note.
05/04/2012
Hedge fund fees get makeover as investors take upper hand, reveals Towers Watson research
Only around one-third of outperformance from skill should go to hedge fund managers in the form of fees, with the rest going to the investor according to new research from Towers Watson, the global professional services company.
05/03/2012
First REIT in United Arab Emirates on the Drawing Board
As a first step towards creating the REIT, National Bank of Abu Dhabi states in a news release from Dubai that it is setting up a fund and partnering with Gulf Investment Corp. of Kuwait to find properties in the UAE.
05/03/2012
KHCB finances state-of-the-art real estate development in Dubai
Commenting on the agreement, Mr. Fuad Taqi, Deputy General Manager, Commercial Banking of KHCB said, "We are very pleased to be working with the Meydan Group.