07/08/2015
Dubai's DAE closes StandardAero sale to private equity firm
Terms of the transaction to sell the maintenance, repair and operations MRO company, which was first announced in May, were not disclosed.
Alternative Investments
07/08/2015
Libya investment fund seeks management right amid freeze
The head of the Libyan Investment Authority has launched a campaign to try to convince the world - and Libyans - that it should be allowed to actively manage the portfolio's roughly $67 billion in assets.
07/07/2015
Iraq to tap retail investors in $5 bln domestic bond offer
The medium-term notes, with maturities of between 12 and 18 months, will help to finance the budget deficit and be open to local banks, other institutions and retail investors
07/07/2015
Saudi is said to be planning sale of local currency bonds
The International Monetary Fund estimates the budget deficit of the world’s biggest oil exporter will widen to about 20% of economic output this year after King Salman ordered a two-month bonus for public sector workers and pensioners.
07/07/2015
Nishat Group wants to go big
Business giant plans to raise $1.5 billiion for mega power projects in Pakistan.
07/06/2015
Damac in London tie-up with fashion label Versace
Damac Properties is believed to be in advanced talks with Italian fashion house Versace over a branding partnership at the developer's first UK residential scheme.
07/06/2015
The Abraaj Group exits investment in pan-African insurance company UAP Holdings
Abraaj helped Kenyan-based insurance company expand across region
07/06/2015
Saudi is said to be planning sale of local currency bonds
Saudi Arabia’s banks have lent about 86 riyals for every 100 riyals of deposits they hold, according to data from the Saudi central bank.
07/05/2015
Innovation in Islamic Finance awarded after $2.7b restructuring
After the financial restructuring process, Amlak reported net profits attributable to its equity holders of Dh59 million in 2014
07/03/2015
Sobha Group becomes shareholder in investment manager RootCorp/new real estate fund launched
RootCorp announced that Middle East-based real estate leaders Sobha Group has become a shareholder (Sobha Group is run by billionaire Mr PNC Menon who has become a director of RootCorp). Following this, RootCorp has launched its first fund under the new o
07/03/2015
Fortress Capital, Film Clinic set up joint venture firm
The Fortress Film Clinic will help establish a foundation for this growing industry in the region, said a statement.
07/02/2015
Ex-Deutsche Banker Goes Solo With Abu Dhabi Sheikh’s Backing
A former Deutsche Bank AG banker is starting a Middle East-focused private-equity and advisory firm backed by an Abu Dhabi sheikh that plans to capitalize on rising investment opportunities in the region.
07/02/2015
Bank of China marks bond listing on Nasdaq Dubai
The two billion renminbi issuance was one of a tranche of bond issues made last month by Bank of China
07/02/2015
Doha Bank raises QR2bn Tier 1 capital boost bond
The statement gave no further details of the bond except to say it was issued on June 30 and would enhance its Tier 1, or core, capital.
06/30/2015
Global assigned to manage USD40mn portfolio of non-core assets for a Kuwaiti bank
Global Investment House today announced that its Special Situations Asset Management team has signed a portfolio management agreement with one of the Kuwaiti banks to manage its portfolio of special situation assets worth USD40mn
06/30/2015
Noor Bank Rings Bell To Celebrate Listing Of Its Debut USD 500 Million Sukuk On Nasdaq Dubai
Noor Bank Rings Bell To Celebrate Listing Of Its Debut USD 500 Million Sukuk On Nasdaq Dubai
06/30/2015
British buyer pays $19m for off-plan villa on Palm Jumeirah
A villa on Dubai’s Palm Jumeirah has sold for an eye-watering $19 million AED70 million, marking a new high for luxury villa prices in the emirate.
06/30/2015
Global assigned to manage $40 million portfolio of non-core assets for a Kuwaiti bank
Global Investment House today announced that its Special Situations Asset Management team has signed a portfolio management agreement with one of the Kuwaiti banks to manage its portfolio of special situation assets worth $40 million.
06/30/2015
Arzan Wealth advises on EUR 27.2 million office acquisition in Netherlands
I am very pleased that Arzan Wealth has earned the trust of its clients
06/28/2015
Gulf-based GFH signs pact with Adani
GFH is one of the most recognised financial groups in the gulf region that includes asset management, wealth management, commercial banking and real estate development.