Turkey, Iran help wealthy Qatar thrive, 1 year into blockade
It's been a year since three of Qatar's neighbors plus Egypt severed ties with the Gulf state, cut off exports,…
Hedge Funds & Alternative Investments
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Russian bank VEB opens office in Abu Dhabi
Vnesheconombank (VEB), a Russian development bank, has opened its representative office in Abu Dhabi, UAE as part of its Middle…
African investors deploy funds in Dubai property
The Dubai real estate market has been seeing funds flowing in from Africa, mostly from retail investors, since the advent…
"GII Islamic REIT" acquires office property in Dubai for USD 32 m.
“GII Islamic REIT” successfully concluded the acquisition of a prime Downtown Dubai office property, spread over two floors in the…
High profitability underpins UAE banking sector
The UAE’s banking sector has remained largely resilient to the decline in oil prices and it impact on government finances…
US firm said to walk away from Abraaj fund unit deal
Colony NorthStar Inc has ended talks to buy a majority stake in the fund-management unit of embattled Abraaj Group, which…
New report reveals investment trends in the GCC
Select Property Group’s 2018 GCC Investor Survey explores current attitudes towards investment and overseas property across the region Increased…
Qatar Chamber’s new BoD names Sheikh Khalifa as chairman
Mohamed bin Ahmed bin Twar was named first vice-chairman and Rashid al-Athba as second vice-chairman. The sixth council of…
Penney named UK trade commissioner for the Middle East
Simon Penney is to promote trade and investment in the Middle East as new HM trade commissioner under the UK…
‘Deutsche Bank looking to sell stake in Dubai-based Abraaj’
Deutsche Bank is looking to sell its small stake in Dubai-based Abraaj, the embattled private equity firm involved in a…
Kuwait Pension Fund Tries to Force Abraaj Into Bankruptcy
Kuwait’s pension fund is trying to force private-equity firm Abraaj Group into bankruptcy proceedings over allegedly not repaying a $100…
Dubai Land Department unveils virtual realty platform
As part of its contribution to the Dubai 10X initiative, Dubai Land Department has launched a new platform for conducting…