Mubadala to acquire 20% stake in Investcorp

Posted on July 28, 2016 by Rob Langston

Abu Dhabi-based sovereign wealth fund Mubadala Development Company is to acquire a 20% stake in Bahraini investment giant Investcorp.

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DFM sees first half profit slip in 2016

Posted on July 26, 2016 by Rob Langston

Dubai Financial Market recorded a net profit of AED139.6m ($38m) for the first six months of the year, 30% lower than the same period … read more »

SCA outlines second half regulatory plans

Posted on July 25, 2016 by Rob Langston

The UAE’s Securities & Commodities Authority (SCA) has outlined the regulator’s plans for the remainder of 2016 aimed at supporting a reclassification from emerging … read more »

Emirates NBD reports profit rise for H1

Posted on July 18, 2016 by Rob Langston

Dubai-based bank Emirates NBD reported a 12% YoY rise in net profits for the first half of the year driven by growth in net … read more »

KAMCO opens first DIFC office

Posted on July 11, 2016 by Rob Langston

Kuwaiti firm KAMCO Investment Company has confirmed the opening of its first international office at the DIFC.

First Gulf Bank and NBAD merger backed by boards

Posted on July 6, 2016 by Rob Langston

The boards of directors of both First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) have voted unanimously to recommend a merger … read more »

Seeing Off the Competition

Posted on July 1, 2016 by Rob Langston

As financial centres around the region vie for supremacy, Mena Fund Manager looks at the latest developments for the Dubai market and asset management … read more »

Abu Dhabi sovereign wealth funds to merge

Posted on June 29, 2016 by Rob Langston

The International Petroleum Investment Company (IPIC) and Mubadala Development Company are to be merged following an official declaration from Abu Dhabi crown prince Mohamed … read more »

Mashreq launches real estate QIF

Posted on June 29, 2016 by Rob Langston

Dubai bank Mashreq has launched a real estate-focused qualified investor fund (QIF) in partnership with Abu Dhabi-based firm Arady Properties.

Afkar Capital launches Dubai-based ETF

Posted on June 29, 2016 by Rob Langston

ADGM-based asset manager Afkar Capital has launched the Afkar S&P UAE Ucits ETF, which will aim to replicate the performance of the largest UAE … read more »