Financing Strategies

Bahraini investment agencies Mumtalakat Holdings and Investment Corporation Dubai (ICD) are set to take the next step in the metamorphosis of sovereign wealth funds, with both now... 2008-08-14

Bahraini investment agency Mumtalakat Holdings and Investment Corporation Dubai (ICD) have shown that Gulf sovereign wealth funds (SWFs) will continue to stay front and centre, with... 2008-08-14

Dubai Mercantile Exchange Ltd (DME) has announced that it will sell a 20% stake to a number of minority investors, including Goldman Sachs Group. DME is a joint venture between state-controlled... 2008-08-12

The Market Vectors Africa Index Exchange-Traded Fund (ETF) was launched on July 14 by New York-based asset manager Van Eck Global. The new ETF is the latest way for investors to tap... 2008-07-17

Alstom, the French engineering company, has been awarded a US$530mn turnkey contract to construct a 400MW combined cycle power plant in Tunisia. The project marks further inroads... 2008-07-03

On June 16 at the Organization of Islamic Conference (OIC) Business Forum in Kampala, Uganda the formation of the National Islamic Bank of Uganda was announced. The bank will be the... 2008-06-19

Saudi Kayan Petrochemical Company has finalised US$6bn in loans to finance some of its costs for its new complex in Saudi Arabia's industrial city, Jubail. The US$6bn consists of... 2008-06-06

Kenya's leading mortgage lender Housing Finance (HF) has been given approval by the Capital Markets Authority to undertake a KES2.3bn (US$37mn) rights issue. The company, which... 2008-05-15

Yemen's Tadamon Islamic Bank (TIB) has received a licence to set up international banking operations in Bahrain. The company has created a subsidiary, Tadamon Capital Bank, which... 2008-05-07

Kuwait's Global Investment House, an asset management and investment banking company, announced on April 22 that it will sell 355mn shares to investors. The share sale will raise... 2008-04-25