Egypt and Saudi Arabia signed an agreement late on Saturday to set up a SR60 billion ($16 billion) investment fund among other investment agreements including an economic free-zone to develop Egypt's Sinai region, Egyptian state television r
The United Arab Emirates and China have launched a joint strategic investment fund worth $10 billion, the two countries said in a joint statement on UAE state news agency WAM.
The fund will be administered and managed by
Saudi Arabia has moved authority over big institutional funds from the finance ministry to other ministries, to allow the finance ministry to focus on its core budget responsibilities, state news agency SPA reported on Monday, citing a royal dec
Abu Dhabi-based buyout firm Gulf Capital is looking to invest in 10-12 companies over five years with the launch of its third private equity fund of $750 million, its chief executive said on Sunday.
"We are making offers and
Abu Dhabi state-owned investment fund Mubadala Development Company and France's CDC International Capital on Tuesday launched a 300 million euro ($414 million) investment vehicle to invest in a wide range of sectors in France.
Abu Dhabi-based Mubadala Development Company said it has joined hands with Russia's state-backed private equity fund, the Russian Direct Investment Fund (RDIF) to set up a $2 billion fund for investment in pr
The Middle East will be an important growth area in coming years for investment banks, including Barclays, as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said.
Saudi Arabia's NCB Capital, the investment arm of the kingdom's biggest bank by assets, plans to launch four investment funds this year and target up to 15 per cent growth in assets under management, its chief executive said.
The Saudi Telecom Group has established an investment fund to enrich innovation and creativity in Information and Technology with an initial capital of $50 million.
The venture capital fund will specialise in start ups and small, and mediu
Egypt’s Naim Investment Holding Company has announced its initial approval to set up an investment fund in Bahrain with a capital of $50 million.
The company’s board of directors also agreed in yesterday’s (August 9) meeting to establish a