09/06/2018
Dubai’s Abraaj receives $1 bid for fund unit
The business managed $14bn at its peak
Alternative Investments
09/05/2018
EFG Hermes concludes advisory on $52 million DGC IPO
Financial services corporation in frontier and emerging markets EFG Hermes has concluded its advisory to the Oman-based Dhofar Generating Company on its $52 million initial public offering on the Muscat Securities Market.
09/05/2018
Turkey Ripples Hit Korea as Record Money-Market Funds Pulled
“Investors seem to have gotten nervous about the situation in Turkey,” said Kim Ki-myung, a credit analyst at Korea Investment & Securities Co. in Seoul.
09/05/2018
UAE Private Sector Growth Slows, Employment Shrinks
A reading above 50 indicates expansion and below that level, contraction, Reuters reported.
09/05/2018
Bahrain said to raise $500m as it awaits support from Gulf allies
Sources say Bahrain has raised $500m from a private placement of bonds with five regional banks
09/05/2018
Egypt’s Aqarmap Secures Investment From Wamda Capital, KISP And Raed Ventures
Through its mobile app and web platform, the startup is helping users buy, sell, and rent properties in Egypt, Saudi Arabia, and the UAE.
09/04/2018
Abu Dhabi Confronts Glut of Banks With Three-Way Merger Plan
The shares of ADCB and Union National Bank PJSC jumped by the daily limit of 15 percent at the open in Abu Dhabi.
09/03/2018
VCBank delivers 45pc return after Byrne exit
VCBank board member and chief executive Abdullatif Janahi said the move was in line with the strategy to conclude several exits from the investment portfolio during the current fiscal year and coming years.
09/02/2018
Abu Dhabi exchange's new tick size to improve liquidity
ADX starts new tick size for shares priced below Dh1
08/31/2018
Actis bids for Abraaj's emerging market funds -sources
Abraaj received bids this week to manage the funds and is expected to close the deal with the successful bidder by the end of the year, one of the two sources said.
08/31/2018
UAE company backs new Soviet-influenced luxury vehicle
Media report names Tawazun named as investor in Putin-approved sedan
08/30/2018
Turkey Puts Pimco and BlackRock on Wounded EM Bond-Fund List
Contagion from lira meltdown battered EM local bonds in August
08/30/2018
ABANA to Honor David Rubenstein for his Contributions to the MENA Region
The 2018 ABANA Award Dinner partners include BlackRock and The Carlyle Group.
08/29/2018
Asset Managers Must Be Nimble In The Middle East
Yet unlike Asian markets, Middle Eastern aviation growth significantly depends on the volatile price of one commodity: oil.
08/29/2018
A summer of mixed messages for the UAE property industry
A number of banks have hiked up their mortgage exit fees to three per cent for new and existing customers
08/29/2018
UAE indices bide time as fresh leads eyed
Tadawul index stays above 8,000 for a second day in a row
08/28/2018
Bahrain to launch international bid for metro project
The Arabian Gulf state is seeking private sector partners to partly finance the project
08/28/2018
Saudi king tipped the scale against Aramco IPO plans
For the past two years, Saudi Arabia has prepared to place up to 5 percent of its national oil company on the stock market.
08/28/2018
Sarwa Capital reveals IPO plans on Egyptian Exchange
Sarwa operates under its own brands in addition to other white-labelled brands in partnership with major Egyptian corporations.
08/27/2018
Dubai’s Abraaj said to owe fund investors at least $300m
Investors argue they should not have to pay management fees to Abraaj