Dubai Investments forecasts 20% increase in first quarter net profit, CEO says
Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai has an 11.54 per cent stake,…
Hedge Funds & Alternative Investments
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Ambit CEO Ashok Wadhwa to buy QInvest stake in the group
Qatar-based QInvest will sell its 26% stake in Ambit Group to Ashok Wadhwa, group chief executive officer of Ambit Holdings,…
Pakistan to launch National Savings bond in Gulf states
In a bid to attract dollar investment from millions of overseas Pakistanis, the government has sought applications for selection of…
Cantor Fitzgerald Expands into Power, Energy & Infrastructure Investment Banking
Cantor Fitzgerald & Co. has announced that Kevin Phillips and Hari Chandra have joined the Firm as the Global Co-Heads…
Too Battered to Fail: Bonds in the Gulf Are a Safe Place to Hide
Investors’ appetite for risk is back, but most of the issues that soured the mood across emerging markets last week…
SIB and Damac Properties list multi-million sukuks on Nasdaq Dubai
UAE issuers. Sharjah Islamic Bank (SIB), with a $500m issue and real estate developer DAMAC Properties, listed a $400m issue…
Aldar, FAB sign escrow agreement for Alghadeer
Abu Dhabi-based Aldar Properties signed an escrow agreement with First Abu Dhabi Bank to enable to provide services for buyers…
Nasdaq Dubai welcomes SIB, Damac sukuk listings
Nasdaq Dubai welcomed the listing yesterday (April 18) of two Sukuk by UAE issuers - Sharjah Islamic Bank, one of…
First Saudi Arabian-linked banks join al-Gosaibi debt settlement plan
Two Saudi Arabian-linked banks have become the first lenders with ties to the kingdom to sign a debt settlement plan…
Kuwait to cement commercial relations with US
Kuwait is ready to cement commercial relations with the US, the Kuwaiti Ministry of Commerce and Industry said on Tuesday.…
UAE Ministry of Economy Signs Strategic MoUs With 14 Government Entities
The UAE's Ministry of Economy has revealed the signing of a series of new strategic Memorandums of Understanding with 14…
Kuwait Finance House Bahrain Hosts Annual Staff Gathering
Bahrain hosted its Annual Staff Meeting at Bahrain's Four Seasons Hotel. The event marked a successful year of accomplishments,…