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First Solar becomes Dii investorFirst Solar, a leader in utility-scale PV solar power systems, has become a shareholder in Dii, a private industrial consortium working towards enabling the vision of 'sustainable energy supply from the deserts' in Europe and the Mena re More… |
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Gates, US investors commit $1bn for OCI stakeBill Gates is among a group of US investors which has committed $1 billion to buy a stake in Egyptian construction and fertiliser company OCI in one of the largest foreign currency inflows to Egypt since the 2011 revolution that swept Hosn More… |
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Investors look beyond Egypt crises, buy stocksA currency crisis, political turmoil and an economic policy-making vacuum are not usually favourable conditions for a stock market bull run but one is underway in Egypt nonetheless. The Egyptian market has soared over the last few More… |
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Mobius to increase Saudi exposure on market openMark Mobius, one of the world's best-known emerging market investors, will increase his exposure to Saudi Arabia once the largest Gulf Arab state opens its markets to foreigners. Saudi Arabia, the top Opec producer, has been c More… |
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Most Mena HNWIs 'view failure positively'Ninety one per cent of Middle East high net worth individuals (HNWIs) agree that viewing failure positively is essential for an economy to grow, in comparison to 74 per cent globally, said a new report. Compared to those in Wester More… |
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Citadel eyes Uganda oil refinery projectEgypt's Citadel Capital could be an investor in Uganda's proposed $2.5 billion oil refinery project, the Egyptian private equity firm's managing director said. Uganda, east Africa's third-largest economy, has said More… |
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Qatar wants to be Shell's top shareholderQatar wants to become the biggest shareholder in Royal Dutch Shell by raising its stake to seven per cent to strengthen its ties with the oil company and further invest its wealth in Western assets, said a report. The Middle East Econom More… |
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Trading glitch rips through US stock marketA technology breakdown at a major trading firm roiled the prices of 140 stocks listed on the New York Stock Exchange on Wednesday, undermining the fragile investor confidence. The problems at Kn More… |
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Qatar investor eyes Paris hotelsUS hotel group Starwood Capital is to sell four key French properties, including the famed Martinez in Cannes and the Concorde Lafayette in Paris, to a Qatari investor, said a senior official. Starwood Capital's Groupe du Louvre will h More… |
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Regional banks to face investor pressureAs the Middle East banking sector becomes increasingly competitive and consolidated, regional banks will face shareholder pressure to focus on value rather than revenue growth. However, a recent study shows how difficult this is to achieve. More… |
