World on the brink: a fragile 2012 ahead
Merrill Lynch draws a fragile connection of events expected in 2012, as debt, weak spending and soft asset prices threaten us with yet another global recession.
December 10, 2011 9:24Bahrain’s Gulf International Bank prices $300M sukuk
Bahrain's Gulf International Bank has priced a three-year $300 million Islamic bond or sukuk at a profit rate of 130 basis points over six-month LIBOR, it said in a statement on Wednesday.
December 8, 2011 9:14Abu Dhabi fund names Weston Head of Alternatives
Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, said on Wednesday that it had appointed Benjamin Weston, a banking industry veteran of more than three decades, as its head of alternative investments.
December 7, 2011 12:55Algeria to change energy law to draw investors
Energy minister says fiscal terms to be reviewed; Oil majors say terms too onerous to invest; Oil and gas bid rounds have seen lacklustre interest
December 7, 2011 12:40Malaysia and Qatar to create $2B investment fund
Malaysia's Prime Minister Najib Razak said in a joint press conference with the Qatar Prime Minister on Monday that both countries will each put $1 billion in a fund to look for investments.
December 5, 2011 10:01
Diversification falls back as debt crisis takes centre stage
Frontier debt traditionally appeals to institutional funds because it provides diversification. But as risk aversion grows and liquidity falls, this is no longer happening, even in the GCC.
November 28, 2011 3:59Kuwait’s Global Investment House Q3 loss widens on market woes
Kuwait's Global Investment House saw its third-quarter net loss widen as the bank continued to battle difficult market conditions, according to a statement on Wednesday.
November 24, 2011 2:00Abu Dhabi’s Al Jaber appoints Chief Restructuring Officer
Mike Grant announced as new CRO; Al Jaber continues to move forward with rescheduling of debt - statement
November 21, 2011 1:25Bahrain’s Investcorp eyes $400M MidEast PE spend by 2013-end
Bahrain-based alternative investment manager Investcorp is looking to spend more than $400 million on stakes in companies in Turkey and the Gulf Cooperation Council (GCC) in the coming two years, a senior executive said Monday.
November 21, 2011 1:21Abu Dhabi’s Gulf Capital sees to close 4 PE deals in Q1 2012
Abu Dhabi-based private equity firm Gulf Capital is in the final stages of acquiring majority stakes in four regional firms, with closing targeted for the first quarter of next year, the company's chief executive said on Monday.
November 21, 2011 1:18Saudi Almarai gets approval for Islamic bond sale
Saudi Arabia's Almarai Co has received shareholder approval for its planned Islamic bond sale, the diary firm said in a statement on Sunday.
November 20, 2011 11:26Abu Dhabi’s ADCB sets final guidance on 5-year sukuk
Final guidance set at 275 bps over mid swaps; Books closed 1230GMT, pricing expected later today
November 16, 2011 8:26
Save Investments: Go for Gold
In recent weeks gold prices have been flirting with the magical figure of $2,000 an ounce, and analysts say that…
November 8, 2011 2:21Dubai ruler issues decree to boost Dubal competitiveness
Dubai's ruler issued a decree on Tuesday to help state-owned Dubai Aluminium Company Ltd. (Dubal) become more competitive by being able to engage in investments outside the country and issue bonds.
November 2, 2011 12:11
Private equity funds in an uphill battle to lure buyers
With Dubai not having seen an IPO in over three years, MENA's private equity funds are scrambling for profits before investment exits. Analysts say M&As will lead the way.
October 3, 2011 1:40
A major step for Turkey
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Fake pilot 'on the run'
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26