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LinkedIn prices IPO at $45; shares doubled

LinkedIn priced its initial public offering at $45 a share, the high end of its range. It began trading Thursday on New York Stock...

Dubai FDI brings in AED3.44 billion, 77 companies in 2011

Dubai FDI, the foreign investment office in the Department of Economic Development in Dubai, succeeded in attracting and promoting 77 companies in the emirate during 2011.

Land Department to help investors rescheduling payments for properties

According an article in the Emirates Business, investors facing cash-flow difficulties can approach the Dubai Land Department for rescheduling payments for their properties. The goal...

New Hedge Fund Launches Fall

Launches lowest since 2010, highest liquidations since 2009 Top performers lead decile dispersion to highest level in four years New hedge fund launches declined to their...

KIPCO sells 39.2% stake in GIC to Fairfax Financial Holdings Ltd...

Kuwait Projects Company (KIPCO) said that it has signed a deal with Fairfax Financial Holdings Ltd (FFH.T) to sell a 39.2% stake in Gulf...

Emirates prepares for dollar-denominated bond issue

Emirates Airline, Dubai's flagship carrier has picked four banks to arrange meetings for a prospective dollar-denominated bond issue, according to a statement issued today. HSBC,...

UAE is the Biggest Gulf Exporter of Capital

The United Arab Emirates has exported almost $55.5 billion to markets abroad, according to figures announced in by UNICAD (the UN Conference on Trade...

Asian hedge fund industry expands to a record number

HFRX India, Korea Indices post industry-leading 3Q gains Hedge funds in China, Japan continue to lead Nikkei, Shanghai Composite The Asian hedge fund industry expanded to...

MENA Market Conditions Favorable for Foreign Investors

Qatar and UAE markets have posted significant gains since the release of the provisional list by MSCI in June 2013. Having improved in both...

Asian Hedge Funds top Equity Markets again in 2011

Asian hedge funds outperformed volatile regional equity markets in 2011, marking the second consecutive year of such outperformance, according to data released today by HFR

Standard Life announces Asia, Middle East expansion

Standard Life announced today that it will set up a new unit in Hong Kong, Singapore and Dubai to oversee and support its Asia...

Dubai Government to help part of Dubai World proposal

Arabic language daily Al Ittihad said Dubai World would receive aid from the Dubai Financial Support Fund (DFSF) for financing operating expenses and payments...

Top 10 Diamond Mining Companies for 2012

1. Russia: Mirna Mine Mirna Mine is the largest diamond deposit in Russia and one of the largest in the world. The mine is one...

Sale Alert for Billionaires – World’s Smallest Country on the Market

Many celebrities and billionaires have their own island. They are willing spend tons of money to get a piece of land that will be...

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,...

Twitter is estimated to be worth $9 billion before IPO

Twitter Inc. was valued at about $9 billion after early employees sold $80 million in shares to a fund managed by BlackRock Inc. This...

Dubai Investments unveiled mixed-use project Mirdiff Hills

Part developer of some of the most popu­lar residential communities in town, Dubai Investments has lifted the curtain on Mirdiff Hills, a Dh2 billion...

Barclays Capital Investor Survey Finds Growing Confidence in Euro Area for...

Institutional investors overwhelmingly believe the euro area will be able to avoid a “full-fledged crisis,” according to Barclays Capital’s inaugural Global Macro Survey. More...