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Emirates NBD launches Emirates MENA Fixed Income Fund

High-yield investment opportunity, estimated yield of circa 6 per cent Option of semi-annual income distribution 40-strong professional ...

Istithmar World Capital defaulted on mortgage on New York’s Hotel

Istithmar World Capital, the investment arm of the Dubai government, has defaulted on its $300 million mortgage on the former Knickerbocker Hotel site in Times...

Al Rajhi Capital and Arcapita announce launch of USD500 million Real...

Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia’s Al Rajhi Bank, and Arcapita Bank B.S.C.(c), an international investment firm headquartered...

Dubai World silence causes concern

Since the November standstill announcement, little information was released from either Dubai World or the government to reassure investors. Discussions with creditors have been...

The Gulf Islamic Fund of Gulf Investment Corporation ranked first...

The Gulf Islamic Fund, a Shariaa Compliant investment vehicle of Gulf Investment Corporation (GIC), ranked first among Shariaa compliant funds investing in...

The UAE highlights investment opportunities to Bottom Saxony delegation

Minister of Economy emphasizes the strength of UAE Economy and Commends ability of Dubai economy to deal with global challenges Invites Airbus...

Dubai Ruler’s media office denied earlier report for debt arrangements

Dubai denied on Sunday an earlier Dow Jones report that it is mulling a two-part deal, including one that may repay lenders 60 percent...

None of DEWA’s borrowers are in default

Dubai Electricity '&' Water Authority (DEWA) would like to make the following announcement for the benefit of the public in view of the diverse...

Investment Dar reaches Majority Agreement on Standstill

Investment Dar announces today that a majority of its banks and investors have now joined the Standstill Agreement previously entered into with the Coordinating...

Barclays Capital launches enhanced FX Algorithmic Trading

Barclays Capital Launches Enhanced FX Algorithmic Trading Barclays Capital, the investment banking division of Barclays Bank PLC, today announced the launch of PowerFill+, a...

Morgan Stanley becomes approved applicant for Dubai Gold Securities

Dubai Gold Securities LLP today announced that it had accepted Morgan Stanley as an Approved Applicant in connection with the ongoing offering on NASDAQ...

“A good performance for the Gulf Premier Fund and the Gulf...

Talal Al-Tawari, Head of GCC Equities Division at Gulf Investment Corporation has said that "the Gulf Premier Fund", the first of its kind in...

Global Investments Roundup

BofA fast tracks TARP Payback; Brazil unemployment reverses in April; Taiwan GDP falls 10.24%; Dollar swoons against Euro, Yen; GM and UAW reach tentative...

State Audit Institution introduces new practices to enforce accountability in...

The UAE Government is committed to improving standards of accountability, according to the head of the UAE State Audit Institution. This month will see the...

Global Investments Roundup

Exxon profit spills 58%; Motorola posts loss, bleeding cash; FTSE 100 moves 8.1% in April; South Africa cuts interest rate to 8.5%; Flu scare...

Istithmar World Investment Management (Dubai) Limited to operate from DIFC as...

To focus on private equity and alternative investment opportunities Istithmar World, the investment arm of Dubai World,  today announced that its investment management entity, Istithmar...

Finance House subsidiary to launch Fund to finance UAE private sector...

Finance House, through its DIFC-registered subsidiary, FH Capital Ltd, today announced that it intends to launch the FH Special Opportunities Fund (SOF), with a...

Islamic Finance news Awards Ceremony and Dinner

The Islamic Finance news Awards 2008 Ceremony and Dinner will be held at the Al Ameera Ballroom, Grand Hyatt Dubai on the 3rd March...