10/23/2019
Middle Eastern investor buys office building in downtown Bucharest
The value of the transaction was not disclosed.
Alternative Investments
10/23/2019
UAE banks propose lending caps amid slowdown in property sector
New measure is to protect the whole economy and banking sector, says Abdul Aziz Al Ghurair, head of the UAE Banks Federation
10/23/2019
Egypt- 20 banks finance 254,200 beneficiaries by EGP 24.6bn in CBE's mortgage finance initiative
The report noted that the Commercial International Bank (CIB) has pumped funds of EGP 1.1bn to 10,300 clients and the Industrial Development Bank provided EGP 1.02bn for 10,000 clients.
10/23/2019
India’s banking and real estate woes to hurt Gulf NRIs
Slump in India’s real estate values and safety of deposits worry NRI investors
10/23/2019
Saudi Arabia sells $2.5bln sukuk, gets hefty demand
Orders for the deal had peaked to nearly $14 billion
10/23/2019
Qatari accountants association honours Investment House
Darwish emphasised the great role played by Qatar Central Bank and the concerned authorities to support the financial and investment sector and apply the best standards that provided full protection to the financial sector against any external challenges
10/22/2019
Qatar's FDI potential highlighted in US
This growth unlocked many investment opportunities in the country, and has already attracted the attention of foreign investors interested in establishing themselves in the Middle East,” said IPAQ chief executive Sheikh Ali al-Waleed al-Thani.
10/22/2019
Abu Dhabi Ports starts work on Marsa Mina waterfront project
Marsa Mina is expected to be completed and open to the public in the first quarter of 2020
10/22/2019
SoftBank to focus on AI and machine learning in hunt for new 'unicorns'
‘Companies may have to stay private for longer’ amid profitability debate, Faisal Rehman says
10/22/2019
Mubadala launches $150 million fund of funds and $100 million direct fund, to invest in startups in MENA
In addition to the fund of funds, Mubadala has also announced the launch of its $100 million direct fund that will invest in early-stage technology startups that are “committed to being part of Hub71 ecosystem.”
10/22/2019
DGCX welcomes RAKBANK to the exchange, underpinning its expanding member community
RAKBANK went live as a Trade Member on 10th of October, executing its first trades in the Indian Rupee-Dollar Futures contract
10/22/2019
Wealth focus: How factor-based investing can benefit Middle East investors
"We have seen a steady increase in the number of investors in the Middle East turning to factor investing to better manage their portfolios."
10/22/2019
Gulf Investment Fund outperforms on lower Saudi exposure
The investment adviser expects lower interest rates in some GCC countries to support economic growth amid headwinds from slower global trade, oil market uncertainty, and regional geopolitical risks.
10/21/2019
London’s Battersea Power Station to showcase its iconic development at Cityscape Qatar
Historically, London has been an attractive investment destination for Qatari investors due to its tax incentives and legislation that encourage foreign investment.
10/21/2019
Oman's startup opportunity
This trend is forecast to continue to 2040, when hydrocarbons are expected to account for just seven per cent of Oman’s GDP.
10/21/2019
Nasdaq Dubai lists two bonds totaling $1bln by Chinese bank
The two bonds of $500mln each bring the total value of all bonds listed on Nasdaq Dubai by ICBC to $4.56bln from nine issuances.
10/21/2019
Kuwait Central Bank governor rated amongst world's most successful in 2019
The evaluation is based on several criteria, including the management of inflation and interest rates alongside measures assumed to achieve economic growth and the stability of the local currency.
10/21/2019
Saudi Arabia prepares for third annual Future Investment Initiative
It will be hosted by prince Mohammed bin Salman bin Abdulaziz, the crown prince of Saudi Arabia.
10/21/2019
Abu Dhabi’s Mubadala launches $250 million MENA tech investment vehicles
The investment vehicles will be managed by Mubadala Capital and they will invest in start-ups as well as venture funds, enhancing Abu Dhabi’s status as a tech and innovation hub.
10/21/2019
Prime Central London Snapshot 2019
The UK’s education system is still highly preferred by many Middle Eastern HNWIs and this continues to be a key decision driver for choosing London over other global cities, along with factors including business interests and long-term capital prese