03/30/2015
Emirates' Dh3.35bn sukuk oversubscribed 3.6 times
Sukuk attracts Dh11.74bn orders; to be listed on LSE and Nasdaq Dubai
Alternative Investments
03/30/2015
UAE moving towards allowing 100% foreign ownership of businesses outside free zones
At a the Annual Investment Meeting in Dubai on Monday, Sultan Al Mansouri promised a new “law of Foreign Direct Investment that allows 100 per cent ownership in some sectors outside free zones”.
03/29/2015
OFFTEC inaugurates first branch in Iraq
OFFTEC Group delivers comprehensive business solutions with outstanding service.
03/29/2015
Gatehouse Bank and Threadneedle Investments to explore strategic investment opportunities
The briefing comes shortly after the announcement of Threadneedle's acquisition of an equity stake in Gatehouse, bringing together a global asset management powerhouse and one of the most well-established originators of high quality Shariah-compliant
03/29/2015
Barwa set to launch major expansion projects this year
Barwa Real Estate Company expects to start construction work on its Barwa Village expansion and the Alaateda, Madinat Al Mowatir, and Manateq projects this year.
03/27/2015
Borse Dubai sells its stake in LSE
Following the completion of the sale, Borse Dubai will not hold any shares in LSE
03/27/2015
‘UniCredit bonds not an exit from bank investment’: Aabar
Aabar chairman Khadem Al-Qubaisi told Reuters it may issue similar bonds linked to shares in other investments in future, although it currently had no plans to do so.
03/26/2015
UAE-backed Wessal Capital begins work on portion of €530m Casablanca revamp
A UAE-backed investment fund has started work on a €530 million (Dh2.13 billion) project to revamp the Moroccan city of Casablanca as the country taps billions of euros of funding from Gulf states
03/26/2015
Dar Al-Arkan says land tax unlikely to hurt business
Shares in construction and building supplies firms jumped on hopes of an increase in home building, while shares in real estate developers sank as investors feared their land banks would be taxed.
03/26/2015
Korea Investment Corp. looking to add overseas offices in Asia, Middle East
Korea Investment Corp. is looking to expand its overseas network with offices in Asia and the Middle East, said a senior KIC executive.
03/26/2015
Dubai World wins investors' trust
Approval to end court proceedings relating to group’s $14.6 billion debt restructuring deal.
03/25/2015
Jadwa, Apicorp buy majority stake in SMI
Headquartered in Riyadh, SMI is a Saudi engineering company engaged in manufacturing a variety of products with a focus on fluid flow and control equipment.
03/25/2015
National Bank of Kuwait to meet investors for potential Tier 1 bond
The bank has mandated HSBC and Standard Chartered as joint global coordinators for the Tier 1 bond
03/25/2015
KFH-Bahrain Sells 3100 Residential Units from Diyar Al-Muharrq to Ministry of Housing for BD 276 mln
This major agreement will undoubtedly encourage further cooperation between the public and private sectors
03/25/2015
Noor Takaful Signs Banca Takaful Agreement with Ajman Bank
Being both globally portable and affordable, we are confident our products will have a strong appeal to the customer base of Ajman Bank
03/25/2015
Oman Insurance Company provides advance payment to the Torch Tower’s owners
The second one indemnifies the owner landlord for loss of rent when the leased premise is uninhabitable.
03/25/2015
Qatar to treat Gulf investors as locals, freeing up foreigner quotas
The move will in effect allow foreign investors, from both the Gulf and outside the region, to hold bigger stakes in listed Qatari companies, most of which have ceilings on total foreign ownership of 25 or 49 percent.
03/25/2015
Morocco aims to attract multi-billion dollar investments during AIM Congress in Dubai
A large delegation from the Moroccan public and private sector organizations will be present at this year's Annual Investment Meeting Congress in Dubai this month.
03/25/2015
Kuwait’s fund Arzan VC announces third investment of the year
Being sector and country agnostic, Arzan announced on March 9th that it invested in Russian startup Idinaidi.ru, a real estate portal headquartered in Moscow.
03/25/2015
Bond Investors See Rate Cut Ahead as Flug Battles Surging Shekel
The yield on the benchmark notes due March 2024 rose six basis points from a record low after Flug’s five member monetary policy panel held the base rate at 0.1 percent on March 23.