Gulf state funds could take a stake of up to 15 percent in French utility EDF's 16 billion pound ($26 billion) project to build two nuclear reactors at Hinkley Point in the UK, French financial daily Les Echos reported.
The capital markets in the Mena region raised $138 million in the third quarter, down 45.3 per cent when compared to $252.3 million raised in the same period last year, said a report.
According to 'Ernst & Young’s Me
Fund managers in the Middle East are set to pump more money into Saudi Arabia over coming months but may withdraw some funds from Dubai because of concern its red-hot market has risen too fast, said a Reuters survey.
The survey in
European governments should divert funds to routine bowel cancer tests from less effective breast and prostate screening programmes, scientists said on Saturday, presenting what they called "irrefutable" evidence that bowel screening s
The BRICS group of emerging economies will contribute $100 billion to a fighting fund to steady currency markets destabilised by an expected pullback of US monetary stimulus, Russian President Vladimir Putin said on Thursday.
Dubai Cares has successfully completed its “End Poverty. Educate Now.” Ramadan campaign, which ran throughout the month to provide the UAE community with several opportunities to support children living in poverty globally.
Dubai Cares, a UAE-based philanthropic organisation, has launched a Ramadan campaign to spread awareness of the importance of education in eradicating poverty.
The ‘End Poverty. Educate Now’ campaign also aims to raise
QInvest, Qatar’s leading investment bank, has announced the inclusion of QInvest Managed Account Platform (QMAP) funds to the Global Fund Platform of top 10 global custodian and asset servicer RBC Investor & Treasury Services.
The total number of investments in the Mena region during 2012 witnessed an increase to 91 from 84 year on year, while the total value of funds announced increased by $200 million compared to 2011, a report said.
The capital markets in the Mena region raised $2.1 billion through IPOs in the first six months of the year, up 52 per cent compared to the $1.4 billion raised in the same period last year, said Ernst & Young in its Mena Q2 2013 IPO update.