Sharia-compliant asset manager Sidra Capital has invested $206 million to acquire a US industrial real estate portfolio.
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Sharia-compliant asset manager Sidra Capital has invested $206 million to acquire a US industrial real estate portfolio.
Equitativa, the fund manager that runs Dubai’s biggest real estate fund, has stated its intention to continue its cost-cutting drive after posting its third quarter results and reporting an 81% in net profit.
Outbound investment in global real estate (RE) from the Middle East rose by 62% in the first half of 2019, making it the fastest growing region for such investment.
Dubai-based Equitativa, which claims to be the largest real estate investment trust (REIT) manager in the GCC, has announced plans to invest up to $54 million in new real estate acquisitions by early 2020.
Abu Dhabi-based property firm Imkan has appointed Chinese construction company CNTC as the main contractor for its seven-tower Pixel project located on Reem Island in the UAE capital.
Bahrain-based alternative asset manager Investcorp has recorded a 5% rise in annual profit for the last financial year.
Egypt-based investment bank and asset manager EFG Hermes is reportedly planning to launch a fund in 2020 to focus on the real estate sector.
Real estate funds promoted in Abu Dhabi may face new capital requirements after the financial regulator, the Securities and Commodities Authority (SCA), amended its rules on the regulation of general real estate investment funds.
ENBD Reit, the real estate investment trust managed by Emirates NBD Asset Management, has secured a sharia-compliant financing facility with Mashreq Bank worth $177 million over 12 years.
Two real estate funds are reportedly in talks with Kuwait’s Capital Markets Authority (CMA) to be listed on the country’s stock exchange, Boursa Kuwait.
Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).
In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...
With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.
Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.
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September 2019
FundTech