Sedco Capital, a leading provider of shari’a compliant investment solutions, has assigned the external shari’a audit of its $160 million real estate funds to the Shariyah Review Bureau (SRB).
The two funds, which
Middle East funds are heavily bullish towards Saudi Arabian stocks after news the market will open to direct foreign investment, while they are bearish on the United Arab Emirates because of concern about high valuations.
The National Bank of Abu Dhabi (NBAD) has rebranded several of its equity funds moving investment to a broader Mena focus from a UAE emphasis.
The expanded scope, diversification and geography of the rebr
Abu Dhabi Investment Authority (Adia), one of the world's largest sovereign wealth funds, is bullish on infrastructure and alternative investments in 2014, it said on Tuesday after reporting its 20-year annualised returns fell last year.
Middle East funds have become more cautious about investing in equities after sharp pull-backs in some markets underlined how high valuations had left them vulnerable, a monthly Reuters survey showed.
The latest survey of 15 leadi
Bahrain-based Islamic lender Alkhair said its Istanbul Fund has topped the rankings with annualized returns of 23.22 per cent to the end of May.
The ranking was given by Eurekahedge, the world's largest alternative investment
A substantial number of Middle East funds intend to cut their exposure to stocks in the United Arab Emirates and Qatar, shifting money to less richly valued markets such as Saudi Arabia, a monthly Reuters survey showed.
An Egyptian court on Wednesday sentenced ousted president Hosni Mubarak to three years in prison on charges of stealing public funds.
"He should have treated people close and far from him equally," said Judge Osama Shahe
Middle East fund managers have become more cautious about stock markets in the United Arab Emirates because of concern that Dubai may be overheating, a monthly Reuters survey shows.
The survey of 15 leading investment managers, co