Investors tell of worry as bogus Dubai ‘ponzi scheme’ payouts dry up
The net is tightening around rogue investment schemes in Dubai that have been milking hundreds of thousands of dirhams out…
Hedge Funds & Alternative Investments
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Dubai’s Damac renames Versace-cobranded tower in London
Nine Elms Property Development Ltd, a subsidiary of Damac International Limited, has re-branded its premier residential project in London. …
Gulf real estate investors hit by new UK residential tax
The UK government has introduced a new tax on the purchase of additional residential property, raising concerns that Middle Eastern…
Greenman raises €31m for German investment
Greenman Investments, a Dublin-headquartered property investment firm and asset manager, has raised €31 million in conjunction with RiverCrossing, a UK-based…
Qatar said to eye Turkish banking, agricultural investments
Qatar is reportedly in talks to buy stakes in a number of Turkish bank following a deal agreed by Qatar…
P2P Lending Throws Cash Lifeline to Middle East SMEs
Online platforms that match borrowers and lenders directly have been a game-changer for capital-hungry start-ups and SMEs worldwide. In…
Saudi ambassador sues Irish ‘fraudster’ for £25m
The developer behind plans for Europe’s tallest residential building has been dismissed as a fraudster by a Saudi ambassador who…
Al Khaliji, Ahli Bank, IBQ in talks on 3-way Qatar bank merger – sources
Qatari lenders Al Khalij Commercial Bank KCBK.QA, Ahli Bank AABQ.QA and International Bank of Qatar are in early-stage talks on…
BIBF in deal to launch Islamic arbitration certification
International Islamic Centre for Reconciliation and Arbitration (IICRA) to launch a joint Certification in Islamic Arbitration, and collaborate in other…
Bitcoin or Broke
Despite speed, cost-efficiency and a simplified process, bitcoin, as a cryptocurrency, some argue, has failed to dominate the global financial…
Saudi central bank raises home buyers' loan-to-value limit to 85%
Saudi Arabia's central bank will allow mortgage companies to supply a greater share of funding for home purchases, raising the…
Where to invest: UAE investors prefer hard cash, gold; shun property, stocks
The UAE’s ultra-rich are the most bullish among their GCC pals, and there’s ample reason for their joy. A…