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Middle East Investment Headlines

Renewables to contribute to Saudi power mix

Saudi Arabia expects renewable sources to contribute to its energy mix as its need for power triples over the next two decades, but the exact percentage will hinge on oil prices, a government official said on Wednesday.

Egypt's Citadel to consolidate after fast growth

Egyptian private equity firm Citadel Capital has begun consolidating its businesses after spurts of rapid growth, yet still plans an initial public offering (IPO) of one of its companies, its chairman said.

Gulf IPOs making slow comeback

Major initial public offerings in the region are still scarce but banks are starting to win mandates again with consumer and healthcare companies expected to lead new equity listings, participants told the Reuters Middle East Summit.

Egypt's Pioneers eyes GDRs, regional expansion

Egyptian financial services company Pioneers Holding is looking into issuing global depositary receipts (GDRs) and expanding into new Middle Eastern markets, a board member said on Wednesday.

Egypt commercial property demand unmet: SODIC

A growing middle-class of affluent Egyptians are pushing demand for more commercial and retail space, but the sector is still an untapped market for property developers, a SODIC executive said on Wednesday.

Egypt commercial property demand unmet: SODIC

A growing middle-class of affluent Egyptians are pushing demand for more commercial and retail space, but the sector is still an untapped market for property developers, a SODIC executive said on Wednesday.

Saudi needs 150,000 housing units a year: LaSalle

Saudi Arabia needs 150,000 housing units annually as demand for residential property is soaring, while a long-awaited mortgage law will not solve the top oil exporter's housing problem, Jones Lang LaSalle said.

Jordan bourse regulator sees rebound in mid 2011

Renewed investor confidence in Jordan's bourse could come as early as mid-2011 as the pace of an economic recovery picks and a new mutual funds law that bring liquidity, the head of the country's securities watchdog said.

Renewables to contribute to Saudi power mix

Saudi Arabia expects renewable sources to contribute to its energy mix as its need for power triples over the next two decades, but the exact percentage will hinge on oil prices, a government official said on Wednesday.

Egypt's Pharos has IPO pipeline, business tougher

Egyptian investment bank Pharos Holding has initial public offering (IPO) and acquisition mandates in its pipeline, even though the investment environment has grown less conducive to growth, its chairman said.

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