Dubai aims new fund at the West By Louise Armitstead and James Hall Last Updated: 1:27am GMT 16/03/2008 Dubai, the oil-rich Gulf state, has launched a new multi-billion pound sovereign wealth fund as it looks to extend its reach in the global economy. News and analysis on the UK and world economy The fund, which will […]
Economist Intelligence Unit Briefing Under the microscope http://economicsystem.blogspot.com/2008/03/caution-when-sukuk-is-on-steroid.html Mar 10th 2008 From the Economist Intelligence Unit ViewsWire Does the Islamic bond market comply with sharia law? Global issuance of sukuk, or Islamic debt securities, is expected to expand by 30-35% in 2008, maintaining the momentum of the past two years which took total volumes to […]
www.kippreport.com Abu Dhabi Group buys Georgia bank Abu Dhabi Group has bought Georgian Standard Bank from the private equity group Salford Capital which was close to Georgian billionaire Badri Patarkatsishvili who died last month, Gulf News reports.”Salford Capital is pleased to announce that its affiliates and partners have sold a 100 per cent equity interest […]
Limitless clinches $1.2bn Islamic loan updateDate = “Sunday, 09 March 2008 17:16” document.getElementById(‘crumbs-dir’).innerHTML = ‘REAL ESTATE / NEWS /’by Joel Bowman on Sunday, 09 March 2008 ARABIAN CANAL: The 75 km development is part of Limitless’ global expansion plan and hopes to attract two million residents when complete. Dubai-owned developer Limitless on Thursday inked a […]
Market Scan Citi Turns To Bond Market-Forbes http://www.forbes.com/markets/economy/2008/03/05/citigroup-securities-capital-markets-equity-cx_md_0304markets25.html Maurna Desmond, 03.05.08, 3:00 PM ET Citigroup, under pressure to raise capital, is making a big bet that it can raise money from yield-hungry investors. It is selling a $2.5 billion bond issue, most of which it is underwriting by itself. Wednesday, Citigroup said it would sell […]
Press Release Gulf Mega Sukuk Issues A Rich Mans Club International Islamic Finance Forum To Focus On $100 Billion Islamic Bond Market And Asks Is Enough Being Done To Meet Demand Dubai , UAE – February 26, 2008: The mega-Sukuk issues of the Gulf Co-operation Council (GCC) are a “rich man’s club” for institutional – […]
HSBC appoints CEO, deputy CEO in Abu Dhabi United Arab Emirates: 11 hours, 57 minutes ago www.ameinfo.com HSBC Bank Middle East has appointed Lester Wynne-Jones as Chief Executive Officer of HSBC Abu Dhabi and Taroub Hasan as Deputy CEO. Prior to moving to HSBC Abu Dhabi, Wynne-Jones was the Regional Head of Personal Financial Services […]
Abu Dhabi, Oman Shares Advance; Saudi Arabia’s Index Declines www.bloomberg.net By Zainab Fattah Feb. 24 (Bloomberg) — Shares in Abu Dhabi, Oman and Qatar advanced, led by real-estate developers and banks, on investor perceptions prices now are low compared with those in other emerging markets and that regional growth will benefit from higher oil prices. […]
List of Major Banks dealing with Shariah Finance-tools for research
Here is a list of banks that are expanding the Islamic Shariah industry worldwide. Also, a link to the major periodicals that discuss Shariah Finance. In order to combat this rising influence on our banking industry, you must learn and understand what it is. This type of banking is a screen to infiltrate into a […]
Euromoney boosts Middle East legal and finance training courses Author: BI-ME Source: BI-ME Published: 17 January 2008 INTERNATIONAL. Euromoney Training, the division of Euromoney Institutional Investor, has announced a bumper programme of courses for lawyers and bankers in the Middle East during 2008. Euromoney and Business Intelligence Middle East recently joined forces to market the programme, in […]
Judith Miller-Abu Dhabi:East Leans West-while radical Islamists fight to restore the Dark Ages, a modern sheikdom invest in Western Culture
Great Article about Abu Dhabi and the lust for wealth by investing in the West. Judith Miller was former reporter for the New York Times. comments by Allyson Rowen Taylor Judith Miller Abu Dhabi: East Leans West While radical Islamists fight to restore the Dark Ages, a modernizing sheikhdom invests in Western culture. Winter 2008 […]
Black Enterprise.com News Briefs about the Middle East Investment Market
BE BUSINESS REPORT AME Info, Abu Dhabi, United Arab Emirates, Business Briefs Column 2008-01-15 AME InfoBy AME Info, Abu Dhabi, United Arab Emirates Jan. 15–DFM UP SHARPLY, ADSM HAS SLIGHT GAIN: The Dubai Financial Market rose sharply today, Tuesday, gaining 182.18 points, or 2.98 percent, to finish on 6,291. National Industries Group was the day’s […]
Link to www.Gulfbase.com, comprehensive site on Sharia Finance and Investments
This site breaks down the investments and funds by countries in the Middle East. It is a good source to follow, and research for those interested in following the growth of funds and indices. You can register on it for updates, however this blog will follow it and post the most relevant articles. comments by […]
Business Week-“Who’s Afraid of Mideast Money?”
This is one of the most important articles to read about the emerging power and takeover of the West by Middle East Money. We should all be afraid…very afraid. However the lust for greed and money will be the downfall of the democracy we live under unless we can change this course of selling our […]
Business Week-“Who’s Afraid of Mideast Money?”
<!– if (!window.OAS_sitepage) { var BW_site; // use for new ad site var BW_page = “/printerfriendly”; var OAS_listpos; // use to restrict the number of available page positions document.write(”); } //–> THIS IS ONE OF THE MOST IMPORTANT ARTICLES I HAVE POSTED. IT IS A MUST READ, AND ONE THAT NEEDS TO BE READ AND […]
This is going to be a huge issues, as we see more of of stock markets and financial companies bought by Kuwait and others. The monitoring of the types of investments made under Shariah control should be of concern, as the laws of Shariah will dictate the investments. Especially troubling will be the pork, entertainment, […]
Sweden approves Dubai’s OMX offer
OMX,Nasdaq,S&P, London Stock Exchange, we better start to get the information out to our freinds, and educate them to the long term problems we face if Sharia Law and Investment start to dictate the manner or business that is traded on these exchanges. Anyone who deals in pork, music, entertainment, publishing of any gossip type […]
NEW CONFERENCE for Islamic Finance
Banking & Finance IBA’s ‘Islamic Finance in the Middle East’ Conference to Address Islamic Banking Wed, 02 Jan 2008 05:29 PM – Dubai Time [–] Text [+] Send Print Bookmark This digg this Delicious Post a Comment Al Tamimi & Company Advocates and Legal Consultants, one of the leading law firms in the Arabian Gulf […]
Soverign Forays, Business Standard, New Delhi-The impact of the sub prime problem and the high price of oil
This article spells out the real problems of the selling of our corporations to foreign investors, especially the middle east and Dubai, who realize that oil is going to become secondary, and that taking a foothold into the buying of large portfolios is a way to gain footholds into our democracy and economy. The need […]
Dirhams for Dollars-Diversifying Gulf State Investors
Dirhams for Dollars: Diversifying Gulf State Investors Flock to U.S. Markets Flush With Revenue From Oil Prices Approaching $100/Barrel, Mideast Governments and Monarchies are Buying U.S. Office, Industrial, Apartment and Hotel Assets Oil reserves don’t last forever, and Persian Gulf nations are looking to the future, scouring the U.S. and other global markets for investments […]
MAC Capital establishes HQ in DIFC
MAC Capital establishes HQ in DIFC Be the first to comment on this article 17 December 2007 MAC Capital Limited (MAC), a leading corporate finance house for Middle East – Asia business flows, today announced that it has been granted a licence by the Dubai Financial Services Authority (DFSA)Dubai Financial Services Authority (DFSA) to operate […]
Islamic Finance-From Reuters, “Safe Haven or Irrational ecuberance?”
Islamic finance: safe haven or irrational exuberance? Reuters Monday December 10 2007 By Mark Bendeich KUALA LUMPUR, Dec 10 (Reuters) – Global financial markets are in turmoil but in the strangely calm world of Islamic finance, no one looks like jumping out of a window any time soon. As conventional credit markets seize up, forcing […]
Emirates Aluminium plans $2b bond sale .fullpost{display:inline;} Emirates Aluminium Co., the venture building the world’s biggest aluminum smelter in Abu Dhabi, plans to sell about $2 billion of bonds next year to help finance construction, two people familiar with the company said. Some of the bonds, with maturities of about 10 years, may be sold […]
art dubai unveils collectors’ circle programme for march 2008 Posted: 10-12-2007 , 12:21 GMT art dubai unveils collectors’ circle programme for march 2008 Launched in Cairo, new collecting community will foster Middle East’s cultural growth Art Dubai 19-22 March 2008 Madinat Arena, Madinat Jumeirah – The Arabian Resort of Dubai, United Arab Emirates www.artdubai.ae In […]
China’s Wealth Fund Seeks to Stabilize Equity Markets Lou Jiwei, chairman of China Investment Corp., poses for a photo at the Great Hall of the People in Beijing on Feb. 15, 2006. By Belinda Cao and Li Yanping Nov. 29 (Bloomberg) — China Investment Corp., the nation’s $200 billion sovereign wealth fund, signaled it may […]
Abu Takes Manhattan, Washington, we are doomed!
(Hat tip Margo I)REVIEW & OUTLOOKCiti of Arabia Abu Dhabi takes Manhattan–and Washington, too? Thursday, November 29, 2007 12:01 a.m. http://www.opinionjournal.com/editorial/feature.html?id=110010920 Investors seem delighted that Abu Dhabi is injecting $7.5 billion into Citigroup, bidding up stocks in general on new confidence that the mortgage solvency crisis might ease. We hate to spoil the party, but […]
Dubai Fund Hires BIG Hitters
Financial Times FT.com COMPANIES Financial services // <![CDATA[ if(typeof window.close != “undefined”) {document.write( ‘ Close ‘ ) }// ]]< Close // <![CDATA[ if(typeof subs!=”undefined” && subs==”Y”) {document.write(‘ Subscription page ‘);}// ]]> // <![CDATA[ if(typeof window.print != “undefined”) {document.write(‘‘) }// ]]> Dubai fund hires big hitters By Martin Arnold in London Published: November 29 […]
Is Abu Dhabi going to become a global financial center??
become a global financial centre? Abu Dhabi is well positioned to be a key banking centre in the Middle East, but it faces challenges in its quest to become an international financial services hub, according to speakers at the Meed Abu Dhabi Conference 2007. Revenues in the Middle East banking industry have been growing at […]
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