Dubai’s Abraaj said to owe fund investors at least $300m
Troubled Dubai-based private equity firm Abraaj is said to owe investors in one of its funds at least $300m, according…
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Mideast firms ramping up investments with an AI on the future
Middle East entities, especially in the UAE and Saudi Arabia, are increasingly streamlining their strategies with artificial intelligence as they…
Managing Wealth
With markets riding high and uncertainty growing, wealth management matters more than ever. Six experts offer their views on all…
‘Wilful defaulter’ Winsome Diamonds diverted $750 million to dummy companies, says probe
Winsome Diamonds and Jewellery, one among the biggest ‘wilful defaulters’, diverted at least $750 million to six companies in Hong…
UAE’s top real estate firms boost sales in Q2 but slow market weighs on profit
The UAE’s biggest listed real estate companies improved their sales in the second quarter of 2018 as market sentiment buoyed…
KKR's ex-director Kabir Mathur joins ADIA to head India investments
Abu Dhabi Investment Authority (ADIA), the world’s second largest sovereign wealth fund, has hired private equity veteran Kabir Mathur to…
Riyadh to seek $11bn in bank loans after Saudi Aramco IPO stalls
Saudi Arabia’s sovereign wealth fund is primed to choose international banks to lend it $11bn, filling the hole left by…
Senior banker to file complaint over social media allegations
A SENIOR banker plans to file a police complaint over allegations posted on social media regarding his doctorate. The…
Scots pension fund sells shares in controversial Israeli bank
A council pension fund has sold its shares in an Israeli bank at the centre of a global divestment campaign.…
Arab Persian Gulf States’ Investment in Russia
Throughout the past decade, Russia’s main sovereign wealth fund (SWF) — Russian Direct Investment Fund (RDIF)—has forged strategic partnerships in…
Qatar’s splurge will further undermine its economy
Regardless of the Qatari media’s promotion of Doha’s ability to confront the Gulf and Arab boycott, now in its second…
Saudi energy minister denies report that Aramco IPO will be called off
Saudi Arabia’s energy minister denied a Reuters report that state oil giant Aramco’s initial public offering will be called off,…