Latest News

Rasmala withdraws private equity fund
13 Jun 2011
Funds, News, Oman Investment and Finance Company, private equity, Rasmala
Dubai’s Rasmala has withdrawn its private equity after key investor Oman Investment and Finance Company (OIFC) raised concerns.
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Partnership promotes foreign investment into Saudi Arabia
11 Jun 2011
Bakheet Investment Group, News, Saudi Arabia, Trinity Group Limited
A strategic agreement announced by Saudi Arabia’s Bakheet Investment Group and London-based Trinity Group Limited aims to bring foreign investment to the Saudi market.
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Tunisian fixed income fund launches with $8m
8 Jun 2011
fixed income, Launches, Maghreb, News, Tunisia, Tunisie Valeures
Tunisian financial services company Tunisie Valeurs has defied a volatile commercial environment by launching a new fixed income fund.
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Silk Invest raises return target for new PE fund
2 Jun 2011
Africa Food Fund, frontier markets, Launches, News, private equity, Silk Invest
Frontier markets asset manager Silk Invest is expecting returns of more than 30% through its new sector fund.
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Rasmala closes brokerage arm in company shake-up
26 May 2011
brokerage, News, private equity, Rasmala, UAE
Rasmala Investment Bank is winding down its retail brokerage operations in the UAE in a company-wide restructure, as co-CEO David Woods announces plans to retire.
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S&P drops Libya from new index
26 May 2011
Index, Iraq, Launches, Libya, News, Palestine, S&P Indices
S&P Indices will no longer be including Libya in its first Union Arab Stock Exchange (UASE) index, Mena FM has learned.
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Apex CEO to join UIB’s new Dubai venture
25 May 2011
Apex, Dubai, News, UIB, United Investment Bank
Craig Roberts, CEO of leading Mena fund administrator Apex Fund Services, is leaving the company at the end of May to become CFO and head of custody at the newly-licensed United Investment Bank (UIB).
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HSBC Amanah to cease Qatar business
25 May 2011
HSBC Amanah, Islamic Finance, News, Qatar
HSBC Amanah is winding down its Qatar operations, in the first high-profile casualty of the recent Central Bank directive on Islamic banking.
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Shuaa cuts workforce, plans acquisitions
20 May 2011
acquisition, Dubai, job cuts, News, Shuaa Capital
Dubai’s Shuaa Capital is to cut around 10% of its staff, but plans to acquire at least one regional financial services company following strong Q1 results
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NCB Capital to launch multiple funds
20 May 2011
Launches, NCB Capital, News, Saudi Arabia
Saudi Arabia’s NCB Capital is preparing to launch at least three new funds, as part of a new drive to increase its fund offering to clients.
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Abraaj Capital unveils $500m Saudi initiative
20 May 2011
Abraaj Capital, Launches, News, Saudi Arabia
Private equity specialist Abraaj Capital has launched a new Saudi Arabian stock-holding company, naming Hossam Radwan as CEO.
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EFG-Hermes to make 20% cuts to organisation
20 May 2011
EFG-Hermes, Egypt, job cuts, News
Leading Egyptian asset manager EFG-Hermes will make cuts of more than 20% by the end of the year.
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