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...
Dubai to launch new dollar bond – Statement
The Government of Dubai has hired Deutsche Bank, HSBC, and Standard Chartered to issue a dollar-denominated bond, according the official news agency WAM.
The planned...
UAE’s first Wealth Sentiment Index Launched
FGB, one of the leading banks in the UAE, launched the UAE’s first Wealth Sentiment Index at its annual Investment Conference today, which took...
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...
Hedge Funds Extend Record Asset Total for 4th Consecutive Quarter
Total hedge fund assets surpass $2.4 trillion, led by credit-sensitive Event Driven strategies;
Number of hedge funds surpasses 10,000 for first time since 2006
Total capital...
Daman Investments Plans New Investment Funds Launch
Daman Investments PSC, one of the leading investment firms in the United Arab Emirates (UAE), announces preparations for the launch of a new family...
Emirates Set to Close US$600 Million Sukuk
Emirates is pleased to announce a successful execution of a US$600 million sukuk (Islamic finance issuance). The issuance received a good response from both...
Abu Dhabi Securities Exchange, Bahrain Bourse Launch Tabadul Exchange Hub
Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced the launch of the region’s first digital exchange hub – Tabadul. The exchanges commemorated...