Gulf bourses end higher on oil prices; Egypt stocks down on profit-taking
Gulf bourses benefited from recovering oil prices to all close higher yesterday, although Egypt’s exchange stumbled for a second day…
Hedge Funds & Alternative Investments
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Two banking consortia to offer Egypt's Medinet Nasr $168.8 mln loan in days
Egyptian property developer Medinet Nasr will receive this week two offers from two banking consortia competing to secure a loan…
Al Tamimi advises DFM on three rights issues
Al Tamimi & Company, the largest law firm in the Middle East, has advised on three rights issues on Dubai…
UASC Said to Eye Chemical Tanker Unit Sale as Part of Hapag Deal
United Arab Shipping Co. is weighing a sale of its tanker business for oil and petrochemicals that could fetch more…
Finansbank acquisition helps lift quarterly profits at Qatar National Bank
The Gulf's largest lender, Qatar National Bank, reported a 16 percent rise in second-quarter net profit on Tuesday, broadly in…
Mr Hareb Masood Al-Darmaki joins the board of directors of Global
Mr. Al-Darmaki, a UAE national, brings with him a wealth of experience spanning for more than 40 years in the…
Housing allowances in the UAE up roughly 4% in 2016
Companies in the United Arab Emirates have increased allowance and benefits allocations this year, although the growth is slower than…
The world’s 10 biggest sovereign wealth funds
In the midst of collapsing oil prices, oil-funded sovereign wealth funds are under pressure to liquidate assets, according to political…
GIB Capital appoints new CEO
Mr. Shaker comes with substantial banking experience in both international and domestic financial institutions within the Kingdom of Saudi Arabia. …
Independent Investments Firm ‘First’ for DIFC
Global financial services firm AES International is the first independent, evidence-based investment advisory firm approved by ‘gold standard’ regulator The…
Societe Generale awarded Best Islamic Finance Deal of the Year accolade for Jazan Air Separation for Jazan Air Separation Unit financing
Societe Generale has been recognised in The Banker Deal of the Year 2016 awards for its role in the $1.75…
CMS strengthens Middle East offering with appointment of Iran and Projects specialist
CMS is pleased to announce the appointment of partner Amir Kordvani to head up the Middle East Projects Team. …