United Arab Emirates

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

Dubai World, the Dubai state investment group, has been busy of late. Subsidiaries of the sovereign investment fund, have agreed to buy global logistics operations company Gazeley... 2008-06-12

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

In a move that should help to boost foreign interest in the Abu Dhabi Securities Market (ADSM) the exchange has entered into a cooperation deal with the US giant NYSE Euronext. The... 2008-03-19

The government of Abu Dhabi in the United Arab Emirates has sent a letter outlining the investment principles of its sovereign wealth funds (SWFs) to the US Treasury Department, as... 2008-03-19