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
Abu Dhabi-based, privately-owned Royal Capital on Sunday said it launched its debut investment fund that targets fixed income markets in the Middle East and North Africa.
The open-ended fund is restricted to institutional investors and hig
Derayah, a leading investment fund in Saudi Arabia, has posted a growth rate of 8 per cent in its assets over the past five years from SR60 billion ($16 billion) to SR89 billion.
However, the stock market index has dropped during the same