News

Global Investment House celebrates profit jump

Profit upGlobal Investment House, a Kuwaiti asset manager and investment bank, has a reported a sharp jump in first-quarter profits. The firm reported a net profit of 2.1 million Kuwaiti dinars ($6.8 million) in the first three months of the year, more than ten times its net profit in the corresponding quarter of 2016. “The company had an excellent start to the year,” said Hareb Al-Darmaki, chairman, who attributed the good performance to a fee-business driven strategy and positive sentiment in the regional equity markets. Global Investment House says its assets under management grew by more than 2% to 1 billion dinars during the quarter, a combination of net inflows and positive market gains. During the three-month period, the firm's real estate team closed an acquisition and placement of an office complex in Sheffield, UK. ©2017 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

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Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

ROUNDTABLE: Charting the pace of reform

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Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

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The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.