Middle East Investment
DUBAI The Gulf has a long way to go in corporate disclosure and unlike developed economies in the West, the key driver here may well be banks rather than the regulators.
RIYADH Debt problems of family firms have had little effect on investor interest in Saudi Arabia, but the country plans to improve commercial courts and bankruptcy laws, a senior official said on Wednesday.
CAIRO Egypt's Investment Ministry has drawn up a plan to sell stakes of up to 49 percent in selected state-owned firms but is in no hurry to offload the assets, the minister said on Wednesday.
CAIRO Egypt wants to boost private investment by about 75 percent to 200 billion Egyptian pounds ($36.6 billion) by 2012/13 from the 2008/09 level by attracting Egyptian and foreign investors, a minister said on Wednesday.
CAIRO Cairo-based Citadel Capital, a private equity fund that manages $8.3 billion, has set up at least two new funds for investment in the Middle East and East Africa, saying the appetite for such funds is accelerating.
DUBAI, Oct 28 The Gulf region's first gold exchange traded commodity (ETC), a new investment vehicle launched earlier this year, is seeing only modest growth due to regional unfamiliarity with the product.
DUBAI Investment bank Arqaam Capital is working on a multi-billion dollar M&A deal in the Gulf Arab region, one of six deals it is looking to conclude, as activity picks up, its director said on Wednesday.
MANAMA Bahrain-based Islamic lender Gulf Finance House (GFH) wants between 30 to 40 percent of its revenues to come from its investment management division, the chief executive of the unit said.
RIYADH Deal-hungry international banks and firms flocking to Saudi Arabia say they are struggling to find qualified staff due to an outdated state education system that lacks business focus in an ultra-conservative country.
DUBAI, Oct 28 Low-cost airline Air Arabia expects its third-quarter earnings to be "satisfactory", but does not see yields improving until the beginning of the first quarter of 2010, its chief executive said on Wednesday.