Abraaj Group Denies It Misused Healthcare Funds
Dubai-based private equity investor Abraaj Group has denied reports that it misused funds intended for healthcare projects in South Asia…
Hedge Funds & Alternative Investments
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Saudi wealth fund near to buying stake in ACWA Power
Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International…
BD30 million portfolio to spur SMEs growth
Tamkeen, the Labour Fund, and Khaleeji Commercial Bank today signed a partnership agreement to manage a financing portfolio worth BD…
Kuwait to spend $500bn on oil projects by 2040
OPEC member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas…
GCC sovereigns prepare funding plans
Sovereigns across the Gulf have spent January preparing with varying degrees of urgency to meet the year’s external funding requirements.…
Global awarded “Best Kuwait Asset Manager” and “Best Saudi Equity Fund”
Global Investment House was awarded “Best Asset Manager in Kuwait” and “Best Saudi Equity Fund” by the “MENA Fund Managers…
Arcapita appointed as adviser for HSBC Saudi Arabia’s US$150 million GCC fund
Bahrain-based alternative manager Arcapita has been appointed as adviser for HSBC Saudi Arabia’s US$150 million Gulf Cooperation Council investment fund,…
China's wealth becomes X factor in Dubai realty
The China effect on Dubai’s real estate market is only going to get bigger. High networth Chinese buyers are looking…
MEVP in talks with Saudi investors as it seeks opportunities in the kingdom
Middle East Venture Partners, a Dubai venture capital firm, is in talks with prospective partners in Saudi Arabia to co-invest…
New exec hired to control spending at Dubai's Careem
Dubai-based ride-hailing app Careem on Monday announced the appointment of a new senior executive to oversee the company's long-term strategic…
Turkish banking sector net profit hits all-time high
Turkish banking sector's annual net profit reached 49.1 billion Turkish liras ($13 billion) in 2017, hitting an all-time high profit,…
Saudi central bank bans MedGulf from issuing new insurance contracts
Saudi Arabia’s central bank on Monday barred Mediterranean and Gulf Cooperative Insurance and Reinsurance Co. (MedGulf) from issuing new insurance…