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George Mitton

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Scene set for ‘sharp’ increase in oil price – NBAD

Plummeting investment in the oil sector has set the scene for a supply shortage and a dramatic rise in prices, says the National Bank...

New leadership at Global Investment House

Kuwait-based asset manager and investment bank Global Investment House has named a new chairman and acting chief executive. Abdul wahab Al-Halabi will act as chief...

Naeem joins Nasdaq Dubai’s futures market

Naeem Shares & Bonds, a brokerage owned by Egyptian investment bank Naeem Holding, has joined the Nasdaq Dubai equity futures market as a member. The...

The cost of cheap oil: $100 billion a year

A ratings agency estimates the fall in the oil price and associated budget pressures have cost Gulf governments $100 billion a year of reserves. According...

Abu Dhabi’s Masdar buys stake in offshore wind farm

The renewable energy company owned by Mubadala Development, a state fund of Abu Dhabi, has acquired a 25% stake in the world's first floating...

Apache Capital Partners in debt-funded property deal

Apache Capital Partners, a real estate asset manager with offices in the UK and Bahrain, has secured £85 million ($105 million) of debt financing...

UAE hopes for boost from CCP equivalence with Europe

The UAE is hoping for a boost in cross-border trading having attained European equivalence for its central counterparties. The European Commission deemed that rules for...

Amanat deal highlights hot Saudi hospital sector

UAE-listed healthcare and education firm Amanat Holdings has acquired a stake in a Saudi Arabian hospital, betting on continued growth in the country's healthcare...

Abraaj Group invests in Pakistani healthcare firm

Private equity firm Abraaj Group has invested in a healthcare company in Pakistan, Islamabad Diagnostics Centre, through its funds. Founded in 2003, Islamabad Diagnostics Centre...

Gulf growth weak as Bahrain downgraded

The average growth rate in the Gulf countries is expected to be about 2% for 2016 and remain at this level for the coming...

UAE sets rules for venture capital funds

The UAE has issued rules for venture capital funds in a bid to stimulate lending to small and mid-sized businesses. The rules, drawn up by...

Rasmala buys UK serviced apartment builder

Rasmala, an asset manager with offices in Dubai and Egypt, has acquired a 68% stake in Orchard Apartments, a British firm that builds and...
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