United Arab Emirates

Dubai-based mortgage lenders Amlak Finance and Tamweel said on October 4 that they have entered into preliminary merger talks. Although the two companies have denied the merger has... 2008-10-09

Dubai Group subsidiary Dubai Ventures Group has paid US$76.9mn to become Acacia Real Estate Limited's largest stakeholder. It announced on September 29 that it now holds a 51% stake... 2008-10-01

On September 14 Dubai Group announced that it has become a founding shareholder in Mazaya Saudi. The group purchased a 20% stake in the Saudi Arabia-based real estate developer via... 2008-09-17

It's not only Saudi Arabia's real estate sector that is attracting attention, Egypt's EFG-Hermes announced on September 16 that it bought a stake in the UAE's Gulf Housing Solutions... 2008-09-17

On September 2, Dubai Islamic Bank (DIB) announced that it will buy a majority stake in the Industrial Development Bank of Jordan (IDB), a strategic investment that will pave the... 2008-09-03

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

Dubai-based asset manager Daman Investments has confirmed that it will take the majority stake in Emirates Biodiesel (EmBio), a new venture aimed at producing the UAE's first biodiesel... 2008-08-11

Bourse M&A looks set to continue this year between developed and emerging markets. On June 25, NYSE Euronext agreed to purchase a 25% stake in Qatar's Doha Securities Market (DSM).... 2008-06-26