Gulf takeover of Leeds Utd 'progressing slowly'
Negotiations are ongoing with a Middle East-based consortium to buy English football club Leeds United with an outcome likely in…
Hedge Funds & Alternative Investments
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Ridge Islamic Capital announces official launch of its activities in Egypt
Ridge Islamic Capital, the first company in Egypt specialized in offering full-fledged modern Sharia-compliant investment banking; asset management; and wealth…
Gold seen luring wealthy
More so-called high-net-worth individuals are seeking to buy gold to protect their wealth from the risk of inflation after central…
Doha Bank May Raise $1.4 Billion From Share Sale
Doha Bank QSC, Qatar’s fourth- biggest by assets, may raise as much as 5.81 billion riyals ($1.6 billion) from selling…
Nomura Said to Cut Third of Dubai Investment Bank Jobs
Nomura Holdings is cutting a third of its investment banking jobs in Dubai as Japan’s largest brokerage seeks to…
CVC Capital to sell 10% stake to 3 sovereign wealth funds
CVC Capital Partners agreed to sell a 10% stake in itself to three sovereign wealth funds to finance investments and…
DIFC regulator accuses Arqaam, Ernst & Young of accounting violations
The regulator of Dubai’s international financial centre is accusing Ernst & Young and the Dubai-based investment bank Arqaam Capital…
EBRD launches bank's first investments in 'Arab democracies'
The EBRD has launched its first investments in emerging Arab democracies, in a major step in its response to…
Opportunity springs from financial crisis
The wave of banking and capital market reforms introduced following the financial crisis is creating fundamental changes in the…
Gulf start-ups surge as venture capital floods in
Venture capital is flooding into the Middle East as a host of new funds set up shop, promising new…
EFG Hermes shareholders ratify strategic alliance with QInvest
EFG Hermes shareholders ratify strategic alliance with QInvest Attending shareholders represented 54.8% of the firm's equity and included…
Kuwait International Bank's real estate appraisal division further expands it record of achievements
Kuwait International Bank 'KIB' reported that the Real Estate Division further expanded its record of achievements in the real estate…