04/03/2018
UAE’s Tabarak given more time to close United Arab Bank stake buy
An exclusivity agreement granted to the private equity firm to finalise the purchase expired on Monday
Alternative Investments
04/03/2018
Monthly markets round-up: Saudi's attempt to woo passive funds pays first big dividend
About $2.2billion of investment into Saudi equities is expected, following Tadawul’s inclusion onto FTSE Russell’s secondary emerging market index.
04/03/2018
Sharjah group wins top asset management award
The victory has come at an ideal time for the company, which has a strategic roadmap for the coming year.
04/03/2018
TSYS and Mashreq Bank Announce the Successful Implementation of PRIME℠ for Acquiring Services
Award winning financial institution in Dubai successfully deploys TSYS’ payments processing solution
04/03/2018
Global markets drop amid Wall Street sell-off
Technology shares were hit hard in the United States on Monday
04/02/2018
Saudi regulator approves exchange listing of domestic government bonds
By creating transparent benchmark prices for debt, the trading could also encourage more Saudi companies to issue corporate bonds.
04/02/2018
Bakery opens in Dubai to fund emerging markets, backed by Abraaj
A new venture capital firm, focused on investments in emerging markets, is set to launch in Dubai.
04/02/2018
Qatari investments ‘bring economic development to US cities’, says US-Arab chamber official
The NUSACC supports the forums, roundtables, and B2B matchmaking meetings that will take place in the US. We are doing this in partnership with the Ministry of Economy and Commerce, the US-Qatar Business Council, American Chamber of Commerce in Qatar, Qat
04/02/2018
MENA M&A deal value plunges 57.6% in 2017
Mergermarket will host its MENA Mergers 2018 forum in Dubai on 9 April.
04/02/2018
UAE re-exports trade tops $148bln in 2017
Re-exported goods include imports from abroad that go through customs
04/01/2018
Gulf General Investment Company in talks with lenders to restructure debt
The Sharjah-based firm is in the process of negotiating with its lenders to restructure certain existing loan and credit facilities to meet its payments as they fall due
03/30/2018
Dubai's Abraaj said to be cutting 15% of workforce
Sources say embattled buyout firm is seeking to placate investors following allegations of misused funds
03/29/2018
Building greener thinking into the Middle East’s real estate
“Sustainable energy production measures are becoming more prevalent as regional governments set ambitious targets for reductions in waste generated and energy consumed.”
03/29/2018
FTSE Russell promotes Saudi Arabia to Emerging Market status
FTSE Russell will begin including Saudi Arabian domestic stocks into FTSE GEIS from March 2019.
03/28/2018
Abu Dhabi, Greek funds agree new $350m investment platform
Mubadala signs agreement with Taneo to target investment opportunities in key sectors of Greece's economy
03/28/2018
Mawarid Exchange signs Memorandum of Understanding With YES BANK
Over 1000 branches and 1800 Automatic Teller Machines operated by YES BANK.
03/28/2018
Private equity firm Abraaj Capital is in turmoil
Limited partners rarely raise a stink over accounting issues but, if they do, it reflects that the general partner's problems likely go a lot deeper than calculations.
03/27/2018
UAE Named as One of the World’s Best Investment-friendly Economy’s for 2017-19
This was published in UNCTAD’s Annual World Investment Report 2017.
03/26/2018
KAMCO holds AGM, Shafafiyah Investors Forum
The AGM was an opportunity to review KAMCO’s 2020 strategy in light of key market movements in 2017
03/26/2018
Kuwait Seeks Billions of Dollars in Foreign Investment
Kuwait is rolling out investment partnerships and strategic investment opportunities valued at more than $100 billion