Banks to close Saturday marking Arafat day
Banks will close as of Saturday, August 10, 2019 coinciding with pilgrims’ standing on Mount Arafat and will remain shut…
Hedge Funds & Alternative Investments
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$2.3bn worth of Afreximbank investments in Egypt, says official
The African Export-Import Bank is investing some 2.3 billion dollars in Egypt, said Global Head of Advisory & Capital Markets…
Ajman University, Noor Bank launch Noor Fund to promote Islamic banking, finance
Ajman University and Noor Bank have launched the first of its kind waqf initiative in the UAE with a capital…
Helios and EAEF acquire Egyptian agribusiness
Private equity investor Helios and the Egyptian-American Enterprise Fund have acquired a majority stake in Misr Hytech Seed International with…
The Times view on Al Rayan bank: Finance for Fundamentalism
Britain’s economy is famously open to foreign direct investment. The Gulf state of Qatar is a particular beneficiary. A nation…
UAE Leads Deals In MENA Region With $14.1 Billion
Reports for investment in the Middle East and North Africa region reveal that the UAE received the highest inbound investment…
UAE investors still the most bullish globally on economy and regional stocks
The majority of UAE investors are optimistic about their domestic economy as well as local and regional stocks, according to…
ENBD REIT registers $255mln net asset in Q1
ENBD REIT Plc, the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, on Thursday announced…
Abraaj shows it pays to be ‘noisy’ investor
It paid to make noise as an investor in the now-defunct Abraaj Group. As the buyout firm’s financial woes…
Wow Red, Dubai Islamic Bank ink SLS Dubai Hotel & Residences deal
World of Wonders Real Estate Development has collaborated with Dubai Islamic Bank to introduce a 25-year financing plan with half-payment…
Saudi Arabia's new robo-advisory services set to attract millennial, women investors
Two Saudi firms have been granted experimental permits to test robo-advisory services and computer-generated advice for investors, a move that…
The Firm That Wrecked Private Equity for the Middle East
The collapse of Abraaj Group didn’t just kill the private equity firm Arif Naqvi built in Dubai. It ruined the…