Zicom looking to divest stake in oil slump-hit two mid-east firms
Challenging business environment in the Middle East has led BSE-listed Zicom Electronic Security Systems to look at divesting stake to…
Hedge Funds & Alternative Investments
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APICORP says issues Saudi's first Formosa bond
Arab Petroleum Investments Corp, APICORP has issued a $300 million, five year floating rate note in Taiwan, the first Formosa…
Dubai property price falls dubbed ‘healthy housing correction’
Property in Dubai has fallen in price for seven consecutive quarters. Prime prices in July were 10 per cent below…
StanChart starts direct trading between yuan, Saudi riyal, UAE dirham
Standard Chartered said on Thursday it had started direct trading between the Chinese yuan, Saudi Arabia's riyal and the UAE's…
Gulf countries launch $2.5bn fund to tackle poverty
The Lives and Livelihoods Fund to combat poverty and infectious diseases in the Muslim world was launched in Saudi Arabia…
Adam Rix to leave Amundi's Middle East operation
Adam Rix, director - third party distribution for the Middle East at European asset management giant Amundi is to leave…
Investing in the next generation: the value of Gulf education
Education at the heart of every growing economy — is proving to be a boon for developers seeking alternatives to…
Dubai's Gulf General Investment aims to renegotiate part of debt plan
Dubai-listed conglomerate Gulf General Investment Co is seeking to restructure loans linked to a 2.8 billion dirham debt plan which…
GCC insurance sector reaches $24b
The GCC insurance industry has more than tripled between 2006 and 2015, with insurance premiums increasing to $24 billion as…
Douglas Emmett And QIA Acquire Santa Monica Office Building
Douglas Emmett, Inc., a real estate investment trust, announced the acquisition of 233 Wilshire Boulevard, a 129,000 square foot Class…
Ride-hailing company Careem says profitability in sight
Ride hailing service Careem is targeting profitability next year or in 2018 and is in talks with potential investors about…
FDI is about cultural exchange, sharing of knowledge, Sultan says
His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, opened the…