08/01/2018
Dubai-based Abraaj filed for provisional liquidation in the Cayman Islands in June after a dispute with international investors over how it used their money in a $1 billion healthcare fund.
07/31/2018
Partnership with JODC is aimed at locating investment opportunities in the Saudi real estate market
07/30/2018
The World Bank’s member financed projects worth $1.3b in Egypt, making it 46% of the total investments made in the Middle East
07/30/2018
The bond comprises of two tranches, fixed interest bonds with an interest rate of six per cent as well as floating interest bonds capped at seven per cent per annum.
07/27/2018
Sovereign wealth fund agrees deal to buy 25 per cent of airport operator
07/26/2018
The agreement was signed by Managing Director of Eagle Hills Diyar, Dr. Maher Al Shaer and the CEO of KHCB, Mr. Sattam Sulaiman Algosaibi.
07/26/2018
Agility submitted an "acquisition offer" for part of the Abraaj business, according to an extract of a letter dated June 19 and seen by Reuters.
07/25/2018
The lender received approval to transfer its 95.79 per cent shareholding of Alkhair Capital to Ankara-based A1 Capital
07/24/2018
The 2018 budget assumes the same conservative oil price of $45/barrel as used for the 2017 budget.
07/23/2018
The current management team, including NSMP CEO Andy Heppel, will remain, the source said.
07/23/2018
This decision does not affect Qatar Re’s sister company, Antares Asia
07/22/2018
Amin Nasser says a stake in SABIC makes Aramco less vulnerable to volatile oil prices, and would be positive for its revenue
07/22/2018
Industrial Capacity Cooperation Financial Group Limited is expected to manage $2bn in investment, set to start ops by the end of 2018
07/22/2018
Liquidators of Abraaj confirm that Cerberus has withdrawn its offer for asset management platform
07/22/2018
Bahraini financial investment company has stakes in various Abraaj-related funds directly and through its subsidiaries
07/18/2018
“The decision was taken to cancel this ruling... given the speculation and negative perceptions which arose after it was announced,” the statement said after a board meeting on July 15.
07/18/2018
The offerings typically had interest rates ranging between 3% and 8% (unsecured bonds that are rated A locally with a five-year duration have been issued with a fixed coupon of 5% to 6%
07/18/2018
Not only is their psychological and emotional gains to owning a property anywhere in the world, in Dubai in key communities, especially in the secondary market right now, it can be extremely financially rewarding to do.
07/18/2018
Sources say Saudi Arabia, Kuwait and the UAE are waiting for Bahrain to submit its proposal for economic reforms before giving any money
07/18/2018
This reflects that the country's two biggest emirates became more affordable for the residents and tourists.