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Qatar to list planned $12bn investment firmThe new $12 billion investment firm planned by Qatar will be listed on the local stock exchange and invest in in assets around the world, its main institutional backer said. The firm is backed b More… |
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Gold makes key gains, but firm US dollar weighsGold edged up on Monday after robust US economic data lifted prices in the previous session, but gains could be capped by a firmer U.S. dollar, as well as lingering concerns about Greece's debt woes and a possible bailout for Spain. More… |
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Dubai says no plans to restructure state firm debtDubai's government has no plans to restructure debt held by state-linked companies, although it is ready to support them through 'various' refinancing options, it said on Wednesday. The Financial Times reported on Tuesday that More… |
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Gulf bourses end firmer; Saudi, Abu Dhabi dipMost Gulf bourses ended firmer on Wednesday as investor sentiment improved modestly amid a raft of policy proposals in the Gulf aimed at coping with the credit crisis. 'At the end of the session, we saw an acceleration of buying but vo More… |
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Gold firms, platinum soars on weak dollarGold firmed in Europe on Friday as the dollar weakened against the euro, boosting the precious metal's appeal as a currency hedge, while platinum surged 5 percent as investors sought bargains after recent price falls. Traders are eyein More… |
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Saudi plans $5.3bn investment firmSaudi Arabia said it is setting up a $5.33 billion investment firm that may also be open to partners, rather than a sovereign wealth fund, and urged countries to keep their doors open to foreign investment. "We don't have a sovereign fund More… |
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Al Anwar to set up $53m Saudi finance firmOman's Al Anwar Holdings said on Saturday it had won approval to set up a 200 million riyal ($53.33 million) financial services firm in Saudi Arabia together with eight regional partners. The new company, which will provide services includ More… |
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Omniyat sets up investment management firmOmniyat Holdings on Sunday announced the establishment of its newest company, Omniyat Investment Management (OIM), at the Dubai International Financial Centre (DIFC), with plans to manage deals worth over Dh2 billion ($544.5 million) in 2008 More… |
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Omniyat sets up investment management firmOmniyat Holdings on Sunday announced the establishment of its newest company, Omniyat Investment Management (OIM), at the Dubai International Financial Centre (DIFC), with plans to manage deals worth over Dh2 billion ($544.5 million) in 2008 More… |
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Bahraini firm sued in OmanA Bahraini company is facing court action in Oman after its partners accused it of illegally acquiring a majority stake in a multi-billion dollar project to build an entirely new city. However, AAJ Holdings Company (AAJHC) said it was an u More… |
