Asset management crucial for Middle East governments

Mature asset management models have already been developed

Fueled by strong economic expansion, infrastructure sector in the Middle East is rapidly growing in size, maturity and professionalism, and needs to be managed effectively in order to ensure the financial and physical sustainability of these multi-billion dollar investments. However, experts believe that there is still a substantial gap in the management of these infrastructure assets once they are built. While the concept of asset management is relatively new to the region, it is vital for Middle East governments that invest billions of dollars, to ensure that their infrastructure investments are efficient and deliver value for money in the long term. Read more

Facebook IPO up to 421.2 million shares

Social network company increases IPO size as insiders boost planned sales

Founder Zuckerberg to offer 126 million shares, doubling plans

Facebook raised expected price for shares

Facebook Inc. increased the size of its initial public offering to 421.2 million shares. Major stockholders, including Founder Mark Zuckerberg, decided to offer more shares ahead of Facebook IPO’s launch. Read more

Rising investor demand for growth stimulus

Fund Manager Survey Finds Rising Investor Demand for Growth Stimulus

Expectations Grow of Further ECB Easing by Year-end

A growing majority of global investors would like to see more stimulative fiscal policies from governments around the world, amid resurgent fears about the Greek economy, according to the BofA Merrill Lynch Survey of Fund Managers for May. Read more

Damas to delist from Nasdaq Dubai June 12th

Damas International announced that it will delist shares from Nasdaq Dubai as of June 12th, on the back of the joint bid submitted by Qatar’s Mannai Corporation and Egyptian investment bank EFG-Hermes.

The jeweler said in a statement that it had received on May 13th, 9:00 a.m. bids to purchase 878.986546 million shares, or 88.86% of capital. Read more

Hedge funds trade in narrow range in April

HFRI April decline pares YTD gains to +4.4 percent

Relative Value Arbitrage posts fifth consecutive monthly gain

Hedge funds posted a narrow decline to begin 2Q12, with the HFRI Fund Weighted Composite Index declining by -0.36 percent in April, according to data released today by HFR (Hedge Fund Research, Inc.), the leading provider of data, indices and analysis of the global hedge fund industry. Read more

Bulgaria debuts at Global Investment Forum in Dubai

Bulgaria took part for the first time in one of the largest global forums focused on foreign investments and emerging markets in Dubai and the Middle East.

The Annual Investment Meeting (AIM) is held for a second year in a row in Dubai between May 1 and 3 under the auspices of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Sheikha Lubna Al Qasimi, UAE Foreign Trade Minister.

Emaar Properties Q1 2012 net operating profit up 44%

Revenue of malls and hospitality increased by 25%; account for 58% of the company’s total revenue

Unveils ‘Dubai Modern Art Museum & Opera House District’ in Downtown Dubai

Announces expansion of The Dubai Mall by over 1 million sq ft

Marked by the increased sales of properties in Dubai, delivery of homes in Egypt and strong recurring revenues from the shopping malls and hospitality businesses, Emaar Properties PJSC announced today its financial results for the three months ended March 31, 2012. Read more

Dubai to launch sovereign bond of up to $1.5 billion

Dubai has mandated four banks for a sovereign bond issue of up to $1.5 billion. The bond may be launched  this week, two sources familiar with the matter told Reuters.

The emirate is tapping debt markets again nearly a year after it issued a $500 million bond. Read more

Hedge Funds conclude strong Q1

Gains across Equity, Event & Arbitrage strategies offset Macro declines in March;

HFRI Fund Weighted Composite concludes best 1Q since 2006

Hedge funds performance was essentially unchanged in March, with the HFRI Fund Weighted Composite Index posting a narrow loss of -0.01 percent (1 bp) for the month, according to data released today by HFR (Hedge Funds Research, Inc.), the global leader in the indexation and analysis of the hedge funds industry. The HFRI Fund Weighted Composite posted a gain of +4.94 percent for 1Q12, the best first quarter since 2006. Read more

Hedge funds launches increased to highest level since 2007

Liquidations steady as investors and managers position for growth

Hedge Funds performance dispersion falls, Fund of Funds attrition slows

Hedge funds launches in 2011 increased to the highest level since 2007, as investors and managers positioned for 2012 amid intense volatility and macroeconomic uncertainty, reported Hedge Fund Research Inc. Read more

Next Page »