GCC markets end the year flat after a correction caused by oil price volatility, but 2015 looks promising for investors due to strong fundamentals and low valuations, a report said.
The performance of GCC markets was mixed in 2014
As Saudi Arabia moves ahead with plans to open up the domestic capital markets to global investors, it is very likely that the kingdom will be seriously considered for an inclusion in various emerging markets indices, said an industry expert.
GCC equity markets have started 2014 on a strong note, with sentiment continuing to hold up well due to the region’s robust macro-economic fundamentals, despite downward pressure on global emerging markets, a report said.
Mezzan Holding Co, a diversified Kuwaiti conglomerate, will acquire the distributor of Red Bull energy drink in the United Arab Emirates, highlighting the appetite for consumer-related investments in the Gulf.
Mezzan is buying Uni
Abu Dhabi financial services company Invest AD and Sberbank, one of the largest banks in Russia, have signed a co-operation agreement to introduce their clients to opportunities in their respective private equity, trade finance
Abu Dhabi-based asset manager Invest AD has launched a new fixed income fund to tap growing investor interest in the relative value offered by Middle East and Africa debt markets.
The Invest ADSICAV Middle East and Africa Bond Fun
Morocco-based Attijariwafa bank said it has inked an agreement with Abu Dhabi investment manager Invest AD to set up a managed fund joint venture for investment in African-listed equities.
As part of the deal, the two partners wil
Abu Dhabi-based Invest AD, which manages funds investing in the Middle East and Africa, is establishing an office in Casablanca to improve access to key markets in the region, including Nigeria, Morocco, and Tunisia.
Casablanca Finance Cit
Paladin Capital Group, a US firm, and Abu Dhabi's Invest Ad, plan to launch a $100-million private equity fund to invest in companies in fast-growing economies in the Middle East, North Africa and Turkey, the two companies said on Monday. &n
Abu Dhabi-owned fund Invest AD is betting on its range of investment products to tap growth opportunities in fast-growing Africa, a continent which the state-owned investment firm believes is still undervalued for its potential.