News

EIIB-Rasmala plans joint ventures in Egypt and Africa

EIIB-Rasmala is opening discussions about joint ventures to expand its investment activities in Egypt and other parts of Africa. Chief executive Zak Hydari revealed the...

East Capital to set up Dubai hub in global push

Stockholm-based East Capital, which made its name investing in the Balkans, Baltics and Central Asia, will now invest in global frontier markets with a...

DIFC aims to add 600 firms in four years

The Dubai International Financial Centre (DIFC) – which offers a way for international firms to access the Middle East, though rental costs are high...

Advisers cut MENA allocations

A greater number of investment advisers based in Gulf countries are looking to reduce allocations to a variety of asset classes in Middle East...

Venture capital deals fall in MENA region

The number of venture capital deals in the MENA region fell in 2013, bucking the trend for transactions in this industry to rise. The MENA...

Bahrain-based Takaud appoints chief executive

Takaud, the specialist savings and pensions provider based in Bahrain, has hired Luc Métivier as its new chief executive. Eric Van Biesen, who has been...

Dubai residential property prices hit a peak

Dubai residential property prices, which rose 36% in the twelve months ending in June 2014, fell 0.6% in August, suggesting the emirate's property market...

SGSS wins RBC mandate in Tunisia

Societe Generale Securities Services (SGSS) has won a mandate from RBC Investor and Treasury Services to act as its sub-custodian in Tunisia. SGSS has provided...

Emirates NBD launches eight Ucits funds

Emirates NBD Asset Management has added eight funds to its Luxembourg Sicav platform as part of a plan to raise assets from international investors. Including...

Emaar IPO plans bolster Dubai stock market

The Dubai stock exchange gained a boost after the emirate's largest listed real estate development company announced plans for new initial public offerings (IPOs). Emaar...