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Alternative Investments

12/23/2016

UAE becoming a more organized region for interbank FX as bank board members and sheikhs skill up on risk and liquidity

The emerging exchanges have carved out a derivatives market niche in the Middle East, now it could well be the dawn of the alternative interbank dealers

12/23/2016

Kuwaitiʼs $107M loan for Panasonic purchase

The building achieved LEED Platinum Certification for its interiors and LEED Gold Certification for its core and shell.

12/22/2016

Dubai budget: emirate to boost infrastructure spending for Expo 2020

It anticipates a deficit of Dh2.5bn, representing 0.6 per cent of GDP.

12/22/2016

Accor snaps up $200m portfolio from Abu Dhabi Investment Authority

The portfolio includes the 250-room Ibis Melbourne and the 200-room Ibis Sydney Airport, as well as five Ibis Budget hotels in Sydney, two in Melbourne, and one each in Newcastle, Dubbo, Coffs Harbour, Canberra and Brisbane Airport.

12/22/2016

Ahli Capital Investment Company completes Issue of NIG’s Bonds ACapital Investment Company completes Issue of NIG’s Bonds

ACIC acts as the Bond’s Lead Manager and Subscription Agent while ABK is the Paying Agent

12/21/2016

Franklin Templeton Sees 2017 Bright Spot in Mideast Stocks: Q&A

His fund had a return of 4 percent in the past three months, compared with a loss for the MSCI Emerging Markets Index.

12/19/2016

Turkey eyes $70B trade with Middle East in 2017

Attar said that Turkey and Arab countries have strong relations with ongoing partnerships

12/19/2016

Aurecon plays key role in Dubai luxury hotel project

The company had earlier collaborated with Mirage on several previous developments within the Madinat Jumeirah Resort.

12/19/2016

Qatar's UDC, Commercial Bank ink $200mn deal to finance 'Al-Mutahidah Towers'

The project is expected to be completed in the fourth quarter of 2019

12/19/2016

Gulf Capital Closes Its Second Private Debt Fund Above its $250 Million Target

It is the Company’s 10th investment vehicle since its founding in 2006.

12/19/2016

Elaj Group achieves major step for growth after partially selling a stake in Al-Borg

It provides diagnostic tests primarily in the areas of clinical pathology, molecular biology and genetics through its diagnostic laboratory network across GCC and Africa.

12/18/2016

Saudi to boost the capital of its Industrial Development Fund

The added funding will help finance the kingdom’s entry into new industries

12/16/2016

Most markets fall after Fed rate hike; retail investors boost Saudi

This was no surprise to Gulf equity investors and banking system liquidity has actually shown signs of improving in parts of the region as oil prices have climbed.

12/15/2016

New Dubai projects boost realty outlook

An interesting aspect of the project is its vertical villas, an architectural concept gaining international popularity.

12/14/2016

Dubai's Meydan Group said to close $163m loan next week

Sources say developer will use the funds, arranged by Commercial Bank of Dubai, to finance a hotel project

12/14/2016

Dollar-hungry Turkey eyes Middle Eastern markets

As part of this drive to open up abroad and generate foreign exchange, the potential of Middle Eastern markets is remembered anew.

12/14/2016

CBB Sukuk Al-Ijara subscribed

The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

12/14/2016

Luxury service apartments an alternative?

Dubai represents the highest stock of serviced apartment units with just over 29,000 keys, achieving 79% occupancy and $126 ADR levels in 2015.

12/12/2016

Emaar launches new luxury residential project in Jeddah

Jeddah Gate is an integrated master planned development with residential, commercial and hospitality projects

12/11/2016

Danube inks home finance deal with top Indian bank

This MoU is a statement of intent to give customers, a chance to apply for home loans at a rate of interest that is as low as 3.5 per cent per annum

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