Middle East fund managers expect to put money back into Gulf stock markets in coming months once the shock of the plunge in oil prices fades, the latest Reuters survey of regional asset managers shows.
The slide of Brent crude to
The Middle East and North Africa (Mena) region’s initial public offering (IPO) value hit $1.7 billion in the third quarter of the year, a ten-fold increase from $150.7 million raised in the same period last year, according to a recent EY u
Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found.
The oil price dro
Middle East funds have become less bullish about Saudi Arabian stocks after the market surged in recent months, while the flotation of the malls unit of Emaar Properties is reviving interest in the UAE.
Seven per cent of responden
Abu Dhabi Investment Authority (Adia), one of the world's largest sovereign wealth funds, has named Brian Tipple as its first global head of external equities.
Tipple, previously chief investment officer at US-based Key Privat
Sedco Capital, a leading provider of shari’a compliant investment solutions, has assigned the external shari’a audit of its $160 million real estate funds to the Shariyah Review Bureau (SRB).
The two funds, which
Middle East funds are heavily bullish towards Saudi Arabian stocks after news the market will open to direct foreign investment, while they are bearish on the United Arab Emirates because of concern about high valuations.
The National Bank of Abu Dhabi (NBAD) has rebranded several of its equity funds moving investment to a broader Mena focus from a UAE emphasis.
The expanded scope, diversification and geography of the rebr
Abu Dhabi Investment Authority (Adia), one of the world's largest sovereign wealth funds, is bullish on infrastructure and alternative investments in 2014, it said on Tuesday after reporting its 20-year annualised returns fell last year.