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Red Benches In Park On The Seafront Against The Backdrop Of Abu

Abu Dhabi: Safest city in the Middle East and Africa

According to The Safe Cities Index 2015 by The Economist Intelligence Unit, the UAE capital has been ranked the safest city in the region; take a look at the top six safest cities in the MEA...

February 2, 2015 3:45
Close up AED 1000 bills,  UAE

UAE’s money exchange industry faces shake out as costs rise

The UAE's majority expatriate population transferred a net 66 billion dirhams ($18 billion) abroad in 2013

December 7, 2014 5:25
Saudi Zain Telecom

Five banks to underwrite $1.6 billion Zain Saudi share issue

Lead manager Saudi Fransi Capital, the investment banking unit of Banque Saudi Fransi, and Rajhi Capital, part of Al-Rajhi Bank, will each underwrite 44.8 percent of the issue's 600 million shares.

June 6, 2012 11:47
Abraaj gears up for IPO for next year -CEO

Abraaj gears up for IPO for next year -CEO

Following its recent acquisition of fund manager Aureos Capital, Abraaj Capital is gearing up for an IPO as early as next year, group chief Arif Naqvi announces. Will this revive the IPO activity in the region?

March 28, 2012 4:20
Dubai’s Abraaj in $125M Morocco Insurance deal

Dubai’s Abraaj in $125M Morocco Insurance deal

Abraaj Capital is investing about $125 million in a Moroccan insurance holding firm as it bids to tap growth prospects in Africa's nascent insurance sector.

March 8, 2012 3:51
Levant Capital, CVCI spend $100M on Saudi Chain

Levant Capital, CVCI spend $100M on Saudi Chain

Investment funds advised by Levant Capital and Citi Venture Capital International took a $100 million joint controlling stake in Saudi Arabia-based supermarket chain al-Raya, they said in a joint statement on Wednesday.

February 22, 2012 1:03
Debt rebalancing to boost MENA bond market

Debt rebalancing to boost MENA bond market

Shift from loans to debt market helps support bond pipeline; MENA M&A activity down 48 pct in 2011; Equity markets remain nervous, IPOs in high single-digits in 2012

January 15, 2012 5:30

Saudi’s Almarai plans to raise capital by 73.9 percent

Saudi Arabia's Almarai Co, the Gulf's biggest dairy firm by market value, plans to increase its capital by 73.9 percent to 4 billion riyals ($1 billion) from 2.3 billion, it said on Wednesday.

December 7, 2011 12:32

Dubai Holding’s DIC agrees $2.4B debt restructuring

Dubai International Capital (DIC), a unit of Dubai Holding, the conglomerate owned by the ruler, has agreed the terms for a $2.4 billion debt restructuring with its creditors, two sources familiar with the situation said on Thursday.

November 24, 2011 3:10

KIPCO to raise capital to $457.5m

Kuwait Projects Co has agreed to raise the company capital to $457.5 million.

March 30, 2011 4:06