Gulf Capital, a regional alternative investment firm, has announced the completion of an investment in private school operator Evolvence Knowledge Investments (EKI) through Gulf Credit Partners, its regional fund.
EKI engages in the establishment and operation of private schools
Saudi Arabia's decision to open its stock market (Tadawul) to foreign direct investment (FDI)could curb initial public offerings (IPOs) in the kingdom as it could make local firms cautious about giving up stakes in their business to foreign control, a report said.
Some of the world's major provate equity firms are showing interest in acquiring Americana, the Kuwaiti operator of major food chains.
Americana, the operator of KFC, TGI Friday’s, Krispy Kreme and Red Lobster in Kuwait, is looking for a suitor willing to pay $5 billion
The International Monetary Fund said on Monday it will provide Morocco a $5 billion credit line to help the North African country pursue a reform agenda to achieve rapid and more inclusive economic growth.
Morocco's central bank governor said last month his country was workin
Lebanese Bank Audi said its first half net profit was $190 million, slightly up from $188 million in the same period last year.
The bank said in statement its customer deposits grew by $2.9 billion to $34 billion over the first six months of 2014.
The bank, which o
Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed on Sunday.
Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) has said its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying parties.
Dubai Islamic Bank (DIB), the UAEs' largest sharia-compliant lender, posted a 59.6 per cent jump in its second-quarter net profit, aided by higher fee and investment income.
Beating analysts' forecasts, the bank made 667.5 million dirhams ($181.8 million) in the three mon
An Arab marine resources holding company and a national fund for the protection of inter-Arab investments could be set up soon, the General Union of Arab Chambers of Commerce, Industry and Agriculture general secretariat announced yesterday.
Gulf International Bank (GIB) has reported consolidated net income after tax of $50.2 million for the six months ended June 30 this year, compared with $60.6 million in the prior year period.
Net income after tax in the se