NEW YORK (HedgeWorld.com) - Dubai International Capital LLC, the international investment arm of Dubai Holding, will acquire a 9.9% outstanding equity stake in Och-Ziff Capital Management Group LLC upon the completion of Och-Ziff's planned initial public offering, the two firms announced on Monday [Oct. 29]. The per-share purchase price will be determined based on the pricing of the IPO, but will not exceed $33.
DUBAI (Reuters) - Global Capital Management Ltd., the alternative asset management arm of Kuwait's Global Investment House, is planning a $350 million private equity fund in Turkey - one of two funds the firm is eyeing for launch, its managing partner said on Monday [Sept. 12]. We plan to raise $350 million for a fund dedicated to Turkey,"told Reuters on the sidelines of a private equity conference. "We'll be going up to the market again in early 2012 to talk about a GCC fund.
NEW YORK Citigroup shares hit their lowest level in more than nine years, as stockholders recoiled at forecasts of more losses at the troubled bank and comments from a Middle East fund executive that Citi must raise more cash to stay in business. Samir al-Ansari, chief executive of the $13 billion government- owned investment firm Dubai International Capital, said Tuesday at a private equity conference that it will take more than the combined efforts of the Gulf's wealthiest investors the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi Prince Alwaleed bin Talal to save Citigroup.
The recent establishment of an Arab investment group's office in Pittsburgh is not cause for concern, but rather an alternate source of capital for U.S. companies to tap, experts said Wednesday. Dubai Investment Group set up an office in Pittsburgh in April from which to scout for companies to acquire in North and South America. The group invests the private wealth of Dubai's crown prince, which amounts to several billion dollars.
To the extent it is taken further and it has become clunky and has a lot of excesses, that can be tweaked.\n It is hard to challenge the arbitrariness or the capriciousness of a regulator under a principles-based regime which gives it the freedom to look at capital markets, for example, in the same manner as the Supreme Court here looks at obscenity; "I know it when I see it," and they will tell you when they tell you.10 For example, there is a lot of concern today for the proliferation of CFIUS11-like modeled regulatory regimes around the world in response, a political response, backlash against Dubai Ports12 and against the China National oil Company-Chevron frustrated merger or acquisition,13 and there is a lot of concern over at the Treasury Department that this proliferation of FDI...
... is, laws that regulate foreign direct investment-is a bad and adverse development in global capital...
While the initial wave of modern Islamic banking focused on the retail side of the business, investment banks are the new trailblazers. US and European banks are bidding for Shariah-compliant tranches of major financings to repackage as investment funds. Meanwhile, the oil-rich countries of the Middle East offer a pool of liquidity that is a big draw for financiers and companies seeking to raise capital. Dubai Ports World's takeover of UK-based port operator P&O last year was financed in part with Islamic "bonds," or sukuk, that were oversubscribed more than four times, receiving a total of $11.4 billion in bids. Saudi Arabia is swarming with investment bankers who are eager to bring to market the next batch of initial public offerings to deepen the Saudi stock market. While oil is ...
DUBAI, United Arab Emirates (HedgeWorld.com) - With the BRIC (Brazil, Russia, India and China) nations beginning to look a little frothy, investors looking to diversify their emerging markets investments to new and promising areas are giving the Middle East and North African (MENA) markets traction as investment destinations. One fund that has already tested the water is Dubai-based Constans Crescent Investment Fund, a long/short equities fund that began trading with proprietary capital in June 2006. The fund, which is managed by Argent Financial Group International LLP, was officially launched in October last year, and managed $28.3 million as of Sept. 1. The fund's main markets are Morocco, Tunisia, Egypt, UAE (both Dubai Financial Markets and the Abu Dhabi Securities Markets), Oman, ...
To: BUSINESS EDITORS Contact: For enquiries, please contact: Abraaj Capital, James Cordahi, Mobile: +971-50-554-7635, Switchboard: +971-4-506-4400, Email: james.cordahi@abraaj.com . Dubai International Financial Centre (DIFC), Gate Village 8, 3rd Floor, PO Box 504905, Dubai, United Arab Emirates . The Palestine Investment Fund, Al-Hassan Hleileh, Switchboard: +972-2-297-4971, Email: ahleileh@pif.ps ; The Palestine Investment Fund, PO BOX 413, Ramallah, Palestine.
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