Dubai International Capital (DIC), the private equity arm of Dubai Holding which restructured $2.5 billion debt in April, sold its stake in a $300 million Middle East North Africa infrastructure fund to Islamic investment firm
ING Investment's Mena fund has Dubai property developer Emaar Properties and Abu Dhabi-based RAK Ceramics among its top picks to be an early investor in growth companies.
Fadi Al Said, head of equities at ING's Middle East Investme
Schroders' Middle East and North Africa fund will be heavily weighted toward Egyptian and UAE construction stocks as it seeks to quadruple its size to $1 billion in 2010, fund manager Rami Sidani said.
The fund believes fast-paced econ
Franklin Templeton Investments Corporation has announced the launch of new Franklin Middle East and North Africa (Mena) Fund for Canadian investors.
The new fund will be managed by Franklin Templeton Investments Corporation, with Dubai-bas