Dubai Holding unit profit up 488%
Dubai Holding have announced the financial results for its business group, Dubai Holding Commercial Operations Group, for the fiscal year…
Hedge Funds & Alternative Investments
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BlackRock Hires Former Swiss Re CIO Blumer to Head European Unit
BlackRock Inc., the world’s biggest money manager, hired Swiss Re Ltd. (SREN)’s former chief investment officer, David Blumer, as head…
Saudi Riches Don’t Reach Entrepreneurs as Bankers Shun Startups
When Saleh Al-Zaid decided it was time to expand Twitmail.com, the Saudi Arabian entrepreneur figured it wasn’t even worth trying…
BNP Paribas REIM looks to Asia, Mid East investors
BNP Paribas Real Estate is expanding investment management, seeking investing institutions particularly in Asia and Middle East looking to benefit…
Emirates NBD launches $750m bond
Emirates NBD, Dubai's largest lender, priced a $750 million subordinated bond at 4.875 per cent, tighter than initial guidance, a…
Middle East family investors eye east Europe bargains
Wealthy families and individuals from the Middle East are eyeing property in central and eastern Europe as depressed prices for…
Gold shines in Dubai as trade said to hit record $70bn in 2012
Dubai’s gold trade is estimated to have exceeded $70 billion in 2012, hitting record highs as more of the precious…
SEDCO Capital Opens Riyadh Office as Global Funds Offering Continues to Grow
SEDCO Capital , the Jeddah based asset management company, has opened its first office in Riyadh. The office, which is…
Sedco Capital launches one-stop shop, Shariah-compliant investment platform
Sedco Capital, the Saudi Arabian-based asset manager and leading provider of Shariah compliant investment solutions, has launched a one-stop shop…
Terra Venture Partners raises $20m for new fund
Terra Venture Partners has announced the first $20 million closing for its new fund, for which it plans to raise…
Leeds United for sale again as Gulf owners boast about ‘bargain buy’
Bahrain-based Gulf Finance House have given notice on their plans to sell Leeds United just three months after taking over…
Dubai’s DMCC Launches Islamic Commodity Trade Platform
Dubai's government-owned commodities centre is launching a sharia-compliant commodity trading platform which Islamic banks in the Gulf could use to…