Saudi Re returns to profit in 2012
Saudi Re posted a net profit of SAR8.98 million (US$2.67 million) after zakat and tax for the year ended 31…
Hedge Funds & Alternative Investments
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Gulf Finance House denies reports of suspension of acting CEO
Gulf Finance House has issued a statement denying regional press reports regarding the suspension of the firm’s Acting CEO Hisham…
Gulf Investment Corp signs MoU with ICBC- Asia Ltd
Gulf Investment Corporation has announced the signing of a Memorandum of Understanding with ICBC (Asia) Investment Management Company Limited which…
Kuwait wealth fund eyes infrastructure projects in Europe and U.S.
Kuwait is aiming to invest in infrastructure projects especially in Europe and the United States, head of the country’s sovereign…
FGB and LIC International join forces to enhance insurance and retirement plan offerings in the UAE
Life Insurance Corporation B.S.C. has tied up with First Gulf Bank , the major leading UAE financial institution, in a…
BoCHK AM to expand global partnerships
BoCHK Asset Management, an arm of Bank of China Hong Kong, is keen to create partnerships with financial institutions in…
Abu Dhabi Capital opens DIFC office
Abu Dhabi Capital Management (ADCM), a GCC-focused alternative investment firm, today opened its first office in the Dubai International Financial…
HKMA promotes Mideast yuan trade
Yuan deposits in Hong Kong reached about 700 billion yuan (HK$872.5 billion) as of December 31, 2012, up 5 percent…
Abu Dhabi Capital opens DIFC office
Abu Dhabi Capital Management, a GCC-focused alternative investment firm, opened its first office in the Dubai International Financial Centre, and…
Abu Dhabi’s two biggest property firms merge to create firm with US$15bil in assets
Abu Dhabi's two biggest property firms, Aldar Properties and Sorouh Real Estate, have agreed on a state-backed, all-share merger that…
Dubai to issue 10-year dollar sukuk
The Government of Dubai has picked five banks to arrange a benchmark-sized, dollar-denominated Islamic bond, or sukuk, which could price…
DIFC delivers robust performance in 2012
Dubai International Financial Centre delivered a robust performance across all areas of the business in 2012 in spite of global…