Wednesday , 19 December 2018

Tag Archives: Investors

ADIB’s right issue more than five times oversubscribed, investors await Q3 earnings

ADIB announces that it has successfully raised 1 billion dirham through a rights issue Adds comments from analysts and major stock market movements in the Gulf. Abu Dhabi Islamic Bank (ADIB), the largest Shariah-compliant lender in Abu Dhabi raised 1 billion UAE dirhams ($272 million) through a rights issue, and the offer was five times oversubscribed, the bank said in …

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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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South Korea’s trade minister highlights five key sectors for UAE investors

Kim Hyun-Chong says opportunities exist in tech, biotech, petrochemicals, construction and in cultural content and consumer goods By Michael Fahy, ZAWYA South Korea’s Minister of Trade highlighted cooperation in the petrochemicals sector as one of five key markets where trade opportunities between his country and the United Arab Emirates can be developed further. Speaking at the Annual Investment Meeting in …

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Saudi extends licences for foreign investors for up to five years

Foreign investor licences currently only last for 12 months. By Nada Al Rifai, ZAWYA Saudi Arabia’s General Investment Authority (SAGIA) has extended the licensing period for foreign investors to five years – up from one year at present. A statement sent by SAGIA to Zawya said that the licensing period can also be renewed upon expiry of the five-year period, …

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China’s Legend strikes $1.8bln deal to buy Luxembourg’s BIL bank from Qatari investors

China’s Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg (BIL) from Qatar’s royal family for 1.48 billion euros ($1.76 billion), marking its biggest overseas acquisition. Legend, owner of computer group Lenovo Group Ltd , is acquiring 161-year-old BIL from Precision Capital, an investment vehicle of Qatar royal family members including …

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Scotland attracts more Middle Eastern investors into US$18 billion tourism industry

MSCI report shows capital value growth of 9.1% Y-O-Y in Scottish hospitality sector. Middle East -New research shows that Scotland continues to perform impressively well within European league tables for hotel occupancy levels. The total returns for investors in Scottish leased hotels have grown 9.5% year on year over the last five years. The research, undertaken by Scottish Development International …

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Research by 3 UAE universities reveals that investors value integrity over ideas

A joint study UOWD, Zayed University and Emirates Aviation College reveals that global investors are more likely to invest in individuals with integrity, willpower, commitment and passion than those with a good business plan alone Dubai – A study by a team of researchers from three UAE universities has revealed that entrepreneurs who display integrity, willpower, commitment and passion are …

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Endeavor Lebanon and LIFE Host the Global Lebanese Entrepreneurs and Investors Summit in Beirut to Promote International Investments in Lebanon

Endeavor Lebanon and Lebanese International Finance Executives (LIFE) held the Global Lebanese Entrepreneurs and Investors Summit, a unique meeting that brought together over 300 expatriate Lebanese investors and business executives, and local entrepreneurs, and investors with the goal to create a dialogue between Lebanon’s economic stakeholders and the Diaspora positioning Lebanon as a market for investment. Staged at the Phoenicia …

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RAK Free Trade Zone CEO Encourages Malaysian Investors to Set Up Profitable Companies in the Middle East

RAK FTZ is a cost-effective gateway to global markets with top-notch facilities and award-winning services Peter Fort, CEO of Ras Al Khaimah Free Trade Zone ( RAK FTZ ), one of the fastest-growing and most cost-effective free zones in the UAE, offered business-friendly investment opportunities for Malaysian companies to expand into the Middle East, Africa and Europe. RAK FTZ , …

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