Kuwait mulls $100bn sovereign wealth fund – report
Kuwait is planning to establish a new sovereign wealth fund to manage up to $100bn in local assets, according…
Uncategorized
47651 articles found
Managers burned by plunging price of oil
Global money managers are losing some of their most reliable client assets as the stubbornly low oil price continues to…
After Ivory Coast sukuk, West Africa bloc signs SME fund deal
The central bank of West Africa's CFA-franc zone has signed an agreement with the private sector arm of the Islamic…
Griffon Starts $108 Million Fund to Invest in Iranian Stocks
Griffon Capital, a Tehran-based firm set up by a group of international and Iranian investors including Xanyar Kamangar in anticipation…
UAB reports Dh166m net loss in 2015
United Arab Bank reported a net loss of Dh166 million for the full year 2015 compared to a net profit…
UNB reports Dh1.86b net profit, down 8% on higher impairments
Union National Bank on Monday reported a net profit of Dh1.86 billion for the year 2015, down 8 per cent…
Rich Arabs seek to cash in on int'l markets as low oil persists
The Arab world's wealthy families look to double investment portfolios in international markets after a record low in oil prices.…
Citigroup Sees Mideast Private Banking Boost as Rich Move Assets
Citigroup Inc. expects assets managed by its private banking business in the Middle East to grow by more than 20…
Hedge-fund hires HSBC’s Head of Emerging-Market Debt
Man GLG has announced that Guillermo Ossés has joined the firm as Head of Emerging Market Debt Strategies, based in…
Probe clears Malaysian PM Najib, says $681 mln transfer a Saudi gift
Malaysia's attorney-general said on Tuesday that $681 million transferred into Prime Minister Najib Razak's personal bank account was a gift…
Qatar in talks for sovereign sukuk issue as early as March
The government of Qatar is in talks with banks about a sovereign sukuk issue, sources aware of the matter said…
Simmons & Simmons launches one of the first funds investing in Iran
International law firm Simmons & Simmons has acted on the restructuring of the Sturgeon Central Asia Fund, to enable it…