Saudi investors in talks to buy London’s Ritz hotel, says report
A private investment group representing wealthy Saudi Arabian families is reportedly in talks to buy London’s famous Ritz hotel. …
Hedge Funds & Alternative Investments
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Shangri-La Dubai hotel tower sold at auction for $190m
A landmark hotel property in Dubai operated by Hong Kong’s Shangri-La Group of Hotels has sold for AED700.2 million ($190.62…
Saudi Arabia sees biggest rise in FDI in 10 years
Foreign direct investment to Saudi Arabia rose 10% from $3.18 billion in the first nine months of 2018 to $3.50bn…
Shuaa unit inks deal to manage portfolio worth $400 million
Shuaa Capital said on Tuesday that one of its offshore units finalised a deal to manage an investment portfolio of…
deVere Acuma appoints John McKellar as new General Manager for UAE
deVere Group has announced the appointment of John McKellar as General Manager of its deVere Acuma brand in the UAE.…
In Dubai, developers turn mortgage providers
Banks in the UAE are just not offering enough mortgages to support home ownership – and even when they do…
Emirati tycoon plans multimillion-dollar Saudi leisure project
A word often used to describe Khalaf Al-Habtoor — founder and chairman of Al-Habtoor Group, and one of the Middle…
UAE Cabinet approves draft law amending nation's Federal Agency Law
The UAE Cabinet has a approved a draft law amending provisions within the nation's Federal Law No. 18 of 1981,…
Fundraising on Mena equity markets hit all-time high in 2019
The amount of money raised by Middle East firms on equity markets increased almost five-fold last year to the highest…
Qatar National Bank Looks to Southeast Asia: CEO Al Khalifa
Qatar National Bank is weighing opportunities in Southeast Asia as it looks to grow its global footprint. Foreign expansion is…
Ahlibank posts QR675.2mn net profit in 2019
Ahlibank has posted a net profit of QR675.2mn in 2019, up 1.5% on the year before. The bank’s balance sheet…
GCC Nations Need to Strengthen Investor Protection and Financial Transparency to Attract More Investment, Milken Institute Report Finds
As Gulf Cooperation Council nations ramp up efforts to attract investment and diversify their economies, member states lag in critical…