Sunday , 19 August 2018

Investment

All quiet on the investment front?: Middle East venture capital funding lower, but market conditions remain positive, funders say

The $112 million raised in VC funding by Mena firms is lower than 2016 and 2017 when big bets were made on Souq.com and Careem Still, Wajdi Ghoussoub, associate director of venture capitalist firm Middle East Venture Partners (MEVP), did not think that the lower value of money invested was an issue for concern. In response to questions by email, …

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Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector

The portfolio will be Shari’ah compliant with investments realized through transaction structures that rigorously adhere to Islamic principles Federated Investors, Inc., one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation, member of the Islamic Development Bank (IsDB) Group, announced an agreement to launch a sovereign energy trade-finance portfolio. The ITFC Sovereign Energy …

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Saudi-based ITFC, Federated Investors to launch $300mln trade finance fund

The sharia-compliant fund is expected to launch later this year and would invest in energy-related structured trade, supply chain financing and project finance assets of sovereign entities The Saudi-based International Islamic Trade Finance Corp (ITFC) said on Thursday it would launch a $300 million fund alongside U.S. fund manager Federated Investors, aiming to tap trade finance opportunities in Muslim-majority countries. The sharia-compliant fund …

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Bahrain fund Mumtalakat exits U.S. firm Nobel Learning Communities-CEO

Mumtalakat invested in Nobel in 2015, partnering with Manama-based alternative investments manager, Investcorp By Hadeel Al Sayegh and Saeed Azhar, Reuters News DUBAI – Bahrain’s sovereign wealth fund, Mumtalakat, has sold its investment in U.S. private education provider Nobel Learning Communities, as another U.S. school operator Spring Education Group acquired Nobel earlier this month. Mumtalakat invested in Nobel in 2015, …

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UAE stocks attract foreign investors as H1 results continue

By Zawya- Mahmoud Gamal, Mubasher Listed-stocks have recently hit record highs on the back of the interim financial results The UAE stock markets are currently gaining accumulations by foreign investors as listed-stocks have recently hit record highs on the back of the interim financial results, analysts told Mubasher. Most institutional investors in the UAE’s twin bourses were buyers during Sunday’s …

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UAE, China sign 13 agreements and MoUs

MoUs signed between the two countries with the aim to strengthen strategic partnerships and bilateral cooperation across various sectors His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President …

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Saudi Arabia gives SA energy sector $10bn boost

By – SAnews.gov.za A $10 billion investment pledge into the South African energy sector by Saudi Arabia is set to enhance energy security, create capacity and reduce the cost of energy in South Africa. The pledge was made during President Cyril Ramaphosa’s State visit to Saudi Arabia, which began on Thursday. “This commitment from the Kingdom is a demonstration of …

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China’s Xi pledges $20bln in loans to revive Middle East

The loans will fund a plan of “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and clean energy, Xi said Chinese President Xi Jinping on Tuesday pledged a package of $20 billion inloans and $1.6 billion in financial aid to countries in the Middle East, as part of what he called an “oil and …

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DED Ajman’s business confidence index score reaches 116 points during Q1 2018

‘The confidence of the investment community is driving us forward to reach the highest levels of economic competitiveness and leadership’ UAE – The Department of Economic Development in Ajman (DED Ajman) has achieved a remarkable business confidence index score of 116 in the first half of 2018, up from 109 points in the first half of 2016. The high score, …

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Abu Dhabi completes $28mln infrastructure projects

The projects saw the construction of 8.1 km of internal roads, 10.165 km of drinking water network, 10.34 km of rainwater drainage network, 5.316 km of sewerage network The Abu Dhabi City Municipality said it has completed Dh102.8 million ($28 million) worth of infrastructure projects including the Nahda Al Askariyah, Baniyas and Al Shawamekh internal roads development work. The projects …

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