Gold has edged up above $1,200 an ounce as buyers helped the metal hold up against rising equity markets, paring losses fuelled by worries over a looming hike in US interest rates.
A surge in gold prices to above $1,230 an ounce l
UAE-based Abu Dhabi Islamic Bank (ADIB) said it is offering a new 100 per cent capital-protected note that gives investors exposure to European equities.
Having suffered in the wake of the global economic crisis, European equities
Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives.
Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which US petrochemicals giant Dow Chemical plans to sell off, state news agency Kuna quoted a senior Kuwaiti executive as saying.
The National Bank of Abu Dhabi (NBAD) has launched its NBAD Shariah Mena Dividend Leader Fund, which will invest in select dividend-paying companies traded on the most promising Mena equities markets.
The fund has been inspired by
GlassPoint Solar, a leader in solar enhanced oil recovery (EOR), has announced a $53 million equity investment from the State General Reserve Fund (SGRF), the largest sovereign wealth fund of Oman, Royal Dutch Shell (Shell) and the firm’s
Sadeed Investment, a company owned by top Saudi asset management firm Swicorp, has acquired a 30 per cent equity in BRC Industrial (Saudia), a long steel products manufacturing company in the kingdom.
Founded in 1974, with revenue
The UAE and Egypt led the number of investments in the Mena region last year with 20 per cent each, followed by Lebanon with 18 per cent, according to a recent report.
The ‘Mena Private Equity and Venture
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
Kuwait Food Company (Americana) said on Sunday it had no knowledge of any firms interested in buying its business, contrary to recent media reports.
"The administration of the company has no knowledge of this matter. The admi