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Barclays sees ME driving investment bankThe 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. 'If More… |
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NCB Capital to launch four funds this yearSaudi 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. Jawda More… |
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Saudi Telecom sets up $50m fundThe 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 More… |
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Naim to set up $50m fund in BahrainEgypt’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 More… |
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Royal Capital launches fixed income fundAbu 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 More… |
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Derayah posts 8pc growth in assetsDerayah, 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 More… |
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Rasmala launches new equity fundRasmala Investments Saudi (RIS), a joint stock investment products company, has launched a new shariah-compliant fund, the Rasmala Saudi Equity Fund. The new fund will predominantly invest directly in the shariah compliant securities liste More… |
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Libya in Italy investment fund JVLibya has agreed to set up a joint fund of as much as $500 million with Italian bank Mediobanca to invest in Italian companies, the chairman of the North African country's $65 billion sovereign wealth fund said. The fund is the latest More… |
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Markaz plans $100m US mortgage fundKuwaiti asset management firm Markaz is planning a fund of up to $100 million to invest in distressed debt in the US mortgage industry, its general manager said on Wednesday. 'We see real value on distressed debt-based on mortgage fina More… |
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Libya, Abu Dhabi in $3bn fund JVLibya and Abu Dhabi have reached an agreement to set up a $3 billion joint investment fund to finance projects in Libya and the UAE, Libyan officials said. The officials named a $500 million joint real estate and tourism firm, a $400 milli More… |
