05/24/2015
Horn of Africa`s Djibouti dreams of becoming `New Dubai`
It may be a tiny country of around 850,000 people, but it has a bold ambition to become the commercial hub of eastern Africa
Alternative Investments
05/24/2015
Oman's Bank Sohar launches $250 mln 3-yr debut loan - statement
Bank Sohar has picked Arab Banking Corporation as the sole arranger and bookrunner for the loan syndication
05/21/2015
Turkey’s Netlog to meet with potential investors soon over stake sale
Turkish logistics firm Netlog is looking to sell a stake to an investor to help to expand its business, which already has distribution warehouses in Europe, the Middle East and North Africa after a string of acquisitions.
05/21/2015
Dubai’s Emaar announces intention to float Egypt unit on Cairo bourse
Emaar Misr intends to use the proceeds from the IPO towards its non-residential developments in Egypt
05/21/2015
China eyes Sharjah to boost trade
Having identified the UAE as an important partner, China is looking at engaging individual emirates to boost its economic and trade ties with the second-largest economy in the Arab world that has a GDP of over US$400 billion.
05/20/2015
Demand for cloud telephony services to grow in Dubai
Knowlarity, which is headquartered in Singapore, but has its main offices in Gurgaon, Mumbai and Bangalore, in April tied up with Compareit4me.com, a leading UAE-based finance comparison site.
05/20/2015
Top performing MENA fund reopened as Lux vehicle
One of the top-performing Middle East & North African equity funds has switched to a Luxembourg domicile to increase access for European investors
05/20/2015
The Abraaj Group invests in Auvest MENASA Opportunities Fund
The commitment by Abraaj also marks the formal launch of the Fund
05/20/2015
UAE expats look to UK for buy-to-let deals
British expats in the UAE are taking advantage of rising rents in the UK to snap up buy-to-let properties, experts report.
05/19/2015
Emirates NBD bonds totalling $951 million list on NASDAQ Dubai
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, rang the market-opening bell on 17 May to celebrate the listing of two conventional bonds totalling $951 million on NASDAQ Dubai
05/19/2015
Islamic commodity trading getting a boost
The DMCC concept followed the Bursa Suq Al Sila, set up by the Malaysian stock exchange in Kuala Lumpur as early as in 2009 to serve as an Islamic commodity trading platform for crude palm oil, an initiative spearheaded by the Malaysia International Islam
05/19/2015
Bank of Sharjah picks arrangers for potential debut dollar bond -leads
Bank of Sharjah has picked five banks to arrange fixed income investor meetings from Thursday for a potential debut benchmark U.S. dollar bond, a document from lead arrangers showed.
05/19/2015
UAE's RAKBANK makes offer to buy RAK National Insurance
The shares last closed in the market at 3.61 dirhams. Last July, the bank said it was in talks to acquire a majority stake in Ras Al Khaimah Insurance.
05/18/2015
ICBC Middle East plans benchmark dollar bond issue
It would be the first bond issue by ICBC through its DIFC branch, underlining the bank's growing business in the Middle East as trade and investment ties between China and the Gulf expand rapidly.
05/18/2015
Qataris buy £40m six storey Mayfair mansion
Property deal seen as key move in Qatari family's bid to create Mayfair enclave
05/17/2015
Dubai is the gateway to the wider Middle East region
Ibrahim Aljanahi, Deputy CEO of Jafza and Chief Commercial Officer at the event.
05/17/2015
Hale: Lebanon good place for investment
The United States wants to promote Lebanon as a place for investment, U.S. Ambassador to Lebanon David Hale said, adding that the country has enormous business opportunities.
05/17/2015
Hamptons International showcases 'The Collection' of high-end UK properties worth AED 1.5 bn in Dubai
Capitalises on current trends of Middle Eastern buyers investing in the UK market with Hamptons London network seeing an increase from 2.5 to 4% in 2015 alone
05/17/2015
AlKhair Capital IPOs Fund launched
AlKhair Capital Saudi Arabia, the leading Saudi-based investments institution, has launched the AlKhair Capital IPOs Fund.
05/17/2015
Masafa Investment Partners with Gianfranco Lotti
Masafa Investment to distribute Gianfranco Lotti's premium line of luxury leather bags in the U.A.E