GCC bonds, sukuk primary issuances total $97bn in 2013
The aggregate primary issuance of bonds and sukuks in the Gulf Cooperation Council region totalled $97.7bn in 2013, up 14.5%…
Hedge Funds & Alternative Investments
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Dubai World brings in Blackstone for ‘fresh pair of eyes’ on debt repayment
Dubai World, whose debt problems sparked the 2009 financial crisis in the emirate, feels the need for a “fresh pair…
UAE, Qatar markets extend gains; Egypt rebounds
Financial and property stocks lifted bourses in the United Arab Emirates and Qatar on Tuesday, while Egypt rebounded after three…
Primary issuance of GCC bonds, sukuk total $98 bn in 2013
The aggregate primary issuance of bonds and sukuk in the GCC totalled $97.7 billion in 2013, a 14.5 per cent…
Qatar’s QNB Said to Hire McKinsey to Advise on Egypt Bank Growth
The company is helping the state-controlled lender devise a five-year plan for Qatar National Bank Alahly, said the people, who…
Gulf region still a risk for investors, EIU report says
Despite improvements in regulations and moves to diversify Arab economies beyond natural resources, global investors remain wary of doing business…
Saudi Arabia's NCB plans capital hike before IPO
National Commercial Bank, Saudi Arabia's biggest bank by assets, plans to boost its capital by 5 billion riyals ($1.3 billion)…
Qatar shares jump on budget optimism
The Qatar Exchange yesterday crossed the 11,900 mark, encouraged by the growth-oriented and private sector-supportive 2014-15 General Budget. Domestic…
Egypt’s economy to strengthen from 2014 to 2016: HSBC
The Egyptian economy is expected to pick up from 2014 to 2016 influenced by real export growth, according to HSBC’s…
Profits almost triple for Dubai flagship conglomerate
One of Dubai’s flagship conglomerates has achieved a near threefold rise in profits for 2013 on the back of the…
Libya Fund Accuses French bank of Fraud
French bank Société Générale paid a middleman $58 million in alleged bribes to secure almost $2 billion in business from…
Former Soros Manager Sets Up Frontier Markets Firm in Dubai
When money managers set up in the U.A.E., they’re usually either investing in the region or trying to tap the…