Middle East
Arcapita appoints Lehman senior vice-president Blake Olafson, who is confident that value can still be found in the region, to build its real estate portfolio in Asia.
The Middle East's first futures exchange sells up to 20% of its equity to a consortium of financial and strategic investors including Goldman Sachs and Morgan Stanley.
There’s more to Islamic private banking than a retail network, a small set of me-too funds, and a sharia label, says Johnson at Calyx Financial.
GE will partner with the sovereign wealth fund in areas such as clean energy, aviation and financial services, in a deal that will make Mubadala a top 10 shareholder in GE.
Abu Dhabi Commercial Bank pays $1.2 billion for the 25% stake in RHB Capital, Malaysia’s fourth largest bank. EPF’s stake will be cut from 82% to 57%.
The securities firm now offers its clients trading access to the Dubai International Financial Exchange.
Instituting trust mechanisms will bolster its role for servicing wealthy clients.