05/23/2017
Gulf bidders emerge for UAE's UASC-linked shipping unit - sources
Three finance sources with knowledge of discussions said a few bidders had emerged for UACC, which is estimated to be worth around $200 million.
Alternative Investments
05/23/2017
Saudi, UAE pledge $100m to Ivanka's women's fund
The idea of a fund providing microfinance to women in underdeveloped countries was floated by President Donald Trump's daughter and German Chancellor Angela Merkel during a conference in Berlin last month.
05/21/2017
Asset management firms select DIFC for property funds and real estate investment trusts
DIFC clients have been the first in the region to benefit from enhanced regulation and laws which has enabled them to launch REITs.
05/21/2017
Mubadala commits $15bn to Softbank Vision Fund
"Technology and innovation are central to the UAE’s economic diversification strategy, helping to create entirely new economic sectors"
05/21/2017
SICO Launches MENA-wide online trading platform
Additional services are offered out of Bahrain, where SICO has been the leading broker on the Bahrain Bourse for the past 18 years
05/21/2017
World's third-largest money transfer firm expands to the GCC
Ria's expansion in the Middle East and Gulf countries is the most recent in a line of strategic moves for the company.
05/20/2017
Blackstone Unveils $40 Billion Infrastructure Mega Fund With Saudi Arabia As President Trump Visits
Blackstone, co-founded by billionaire Stephen Schwarzman, head of Trump's business council, said on Saturday morning the fund effectively launches a new business line for the over $360 billion in assets firm.
05/18/2017
CFI Group launches Credit Financier Invest , Dubai, UAE
We´re thrilled to announce the launch of our Dubai subsidiary!
05/17/2017
Foreign Investors Give Turkey Another Look Amid Private-Equity Rebound
Global private-equity firms are reevaluating Turkey as the government ramps up spending to rejuvenate an economy expanding at its slowest pace since 2009.
05/17/2017
Oman is a ‘smart’ choice for investors
Shaikh Hamood Sultan Saif Al Hosni says recently rebranded Muscat Bay wants to set new standards
05/17/2017
Global reports KWD5.0 million revenues, KWD2.1 million net profit in First Quarter 2017
The Company’s co-investments in its own funds and other principal investments generated KWD1.26 million (USD4.1 million) of realized gains, dividend income and fair valuation gains.
05/17/2017
Indian firms eye DIFC for growth
A number of recent developments are evidence of DIFC's strengthening position in terms of Indian business and finance.
05/16/2017
Kuwait Bourse suspends 17 enlisted companies
The website added that other suspended companies included Kuwait Gypsum Manufacturing and Trading Company, National Cleaning, Gulf Petroleum Investment (GPI), Mayadeen, Mushrif Trading and Contracting Co. and Sanad Holding Company.
05/15/2017
EFG Hermes reports strong Q1 2017 profits from continued operations of EGP 236 million
Fee and commission revenues rose 76 per cent Y-o-Y to EGP 466 million in Q1 2017
05/14/2017
Investcorp named Best Private Equity firm in MENA 2017
Investcorp, a global provider and manager of alternative investment products, was named the ‘Best Private Equity firm in MENA’ at the Banker Middle East Industry Awards 2017, which took place in Dubai on 11 May 2017.
05/14/2017
Invest AD offers pioneering GCC bond investment product to institutional investors
Abu Dhabi-based asset manager Invest AD has partnered with Julius Baer to offer a GCC-fixed income investment note that responds to the fast changing investment requirements of regional institutional investors.
05/14/2017
Dubai National Insurance and Reinsurance Q1 profit falls
Q1 gross premiums 85.3 million dirhams versus 65 million dirhams year ago
05/11/2017
Agricultural Bank of China starts RMB settlement in UAE
The Gulf Arab state UAE, a major oil supplier, is one of China's most important trading partners.
05/11/2017
Qatar becomes one of the city's biggest commercial owners
Seeking stability in its portfolio, the Arab state's sovereign wealth fund has turned to New York real estate
05/10/2017
Sico Q1 net profit soars to $3.34 million
Significantly, all business lines revenues posted positive growth, and increased their respective contributions to the bottom line.