06/10/2020
Nemir Kirdar, father of private equity globally, dies at 83
The former Chase Manhattan banker founded Bahrain's Investcorp and ran the alternative investment firm for more than three decades
Alternative Investments
06/09/2020
Shariah-compliant gold trading platform to launch in UK
The concept of Minted is based on purchasing physical gold at highest purity of 24 karat
06/09/2020
Dubai developer gets 'locked out' of own project by contractor
Croesus Holdings finds entrances boarded up at its two Dh100m projects in Majan
06/08/2020
French talent management firm steps into UAE
The company has partnered with UAE based PR agency, Spread Communications
06/08/2020
Dubai DIFC invests in innovative FinTech start-up companies
DIFC FinTech Fund invested in 'FlexxPay,' 'Go Rise,' 'NOW Money,' and Sarwa'
06/05/2020
Foreign institutions sustain bullish run on Qatar bourse
Trade turnover and volumes were on the increase in the market, where the consumer goods, realty, industrials and banking sectors together accounted for about 93% of the total trading volume.
06/05/2020
Dubai Chamber launches Banking and Funding Startups series
The first session was joined by Kunwar who shed light on certain issues that SMEs are facing due to the pandemic and the solutions available to them.
06/05/2020
Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal
The two hotels came to the limelight last week after the management announced it was firing all the employees, citing the effects of the Coronavirus pandemic.
06/04/2020
Dubai property prices are just 10.4% away from 2009 levels
Property Monitor Dynamic Price Index revealed prices are down almost 30% since peak of 2014
06/03/2020
First Abu Dhabi Bank sells $500mln in Formosa bonds
30-year Formosa bonds which had a 0% coupon
06/03/2020
Sharjah sells $1bln 7-year dollar sukuk
It gave an initial price guidance of around 275 basis points over midswaps for the sukuk
06/03/2020
SABB named ‘Best Trade Finance Bank’ in Saudi Arabia
SABB remains the trade provider of choice in Saudi Arabia as evidenced by market share.
06/02/2020
Life insurance top priority for UAE residents after Covid-19
46 per cent of UAE residents had indicated that life insurance is more important than before Covid-19
06/02/2020
Bank of Sharjah PJSC announces the successful issuance of AED 2 billion in Sukuk Trust Certificates for the Government of Sharjah.
Issuance of Government of Sharjah AED 2,000,000,000 Trust Certificates due 2021
06/02/2020
Investcorp closes €318m fund to invest in European senior secured loans
The Mount Row Credit Fund will focus on sectors and businesses that are less likely to be affected by Covid-19
05/31/2020
Initiative to promote private investments in Bahrain's government land
The main aim of the new initiative is to ensure successful collaboration between the private and public sectors
05/31/2020
EMEA fixed income investors bid on ESG for superior returns
EMEA investors have the highest proportion of investments covered by ESG considerations
05/31/2020
France's Natixis enters Saudi Arabia to expand regional footprint
The bank will offer investment banking and capital market products to clients from its Riyadh office
05/29/2020
Amlak Finance unable to complete debt restructuring agreement
"While 26 of the company's financiers have signed the said agreement, in return, one financier has abstained to sign it. Accordingly, agreement cannot be executed," company said
05/28/2020
Investcorp raises $372mln to invest in Italy's NPL market
Fund will be used to acquire loans at 'significant' discounts