Real Estate & Funds News in United Arab Emirates from Propertyshowrooms.com

Sarasin's $100m GCC equity fund to open tomorrow

Tue, 27 Jan 2009 00:00:00 GMT

Sarasin-Alpen & Partners Limited, an asset management company, yesterday said it would launch its Sarasin GCC Equity Opportunities Fund tomorrow. The fund aims to achieve long term capital growth by investing in the equity markets of Saudi Arabia, Kuwait, UAE, Qatar, Oman and Bahrain...

Daman fund posts 4.26% returns

Mon, 19 Jan 2009 00:00:00 GMT

Daman Investments yesterday said its Daman Speculator Fund posted positive total returns of 4.26 per cent in 2008 and declared its second dividend since inception. The Dubai-based investment management company announced the December performance of three of its funds: Daman Speculator Fund, Daman...

Tough 2009 looms for open ended UK property funds

Sat, 20 Dec 2008 00:00:00 GMT

More redemptions, fund closures and forced sales could beckon in 2009 for UK open-ended property fund managers, a year after an investor exodus sparked suspensions, which they had hoped were temporary. Britain's property market cooled rapidly just before Christmas 2007, triggering a deluge of...

European equity fund launched

Tue, 2 Dec 2008 00:00:00 GMT

Franklin Templeton Investments has announced the launch of FTIF Franklin Euroland Core Fund to invest in equity securities of European Union countries. The fund's managers aim to achieve long-term capital appreciation and endeavour to obtain these objectives with less volatility and downside...

KIA withdraws $3.7bn funds

Tue, 25 Nov 2008 00:00:00 GMT

The Kuwait Investment Authority (KIA), which manages the Gulf state's assets, has withdrawn about 1 billion dinars ($3.66 billion) from abroad as it invests more at home. Daily Al Qabas said KIA was moving part of its funds back home as it is setting up a government portfolio to invest in the...

Global funds 'way forward'

Tue, 25 Nov 2008 00:00:00 GMT

Developer Omniyat Properties has plans to restructure its payment plans to boost buying and selling activities and says that all of its Dh21 billion of projects are either are under construction or awaiting launch...

Franklin launches Mena fund

Wed, 19 Nov 2008 00:00:00 GMT

Franklin Templeton Investments Corporation yesterday launched the Franklin Mena (Middle East and North Africa) Fund for Canadian investors. The fund will invest in companies across the Mena, as well as companies positioned to benefit from growth in these economies. Algebra Capital Limited...

Two Britain-based hedge funds debut on DIFX

Wed, 12 Nov 2008 00:00:00 GMT

Two UK-based hedge funds have become the first to list on the Dubai International Finance Exchange (DIFX). The duo's debut marks the latest move by the DIFX to attract more retail investors. The two funds, BH Global and BH Macro, are also listed on the London and Bermuda stock exchanges...

Nakheel says it's approached by sovereign funds

Tue, 21 Oct 2008 00:00:00 GMT

Top property developer Nakheel said it had been approached by Gulf sovereign wealth funds (SWF) keen to invest in the region amid the global financial crisis, its chief financial officer said. "What I do see is a lot of Gulf SWFs are beginning to come and see Nakheel and I'm surprised why...

Wealth funds seek reciprocal investors

Wed, 10 Sep 2008 00:00:00 GMT

Sovereign wealth funds (SWFs) in the Middle East are increasingly looking for reciprocal investments from companies they do business with, as they try to develop their local economies, lawyers who work with these funds said. The practice has picked up steam recently in Gulf Arab states, as local...

SWFs eyeing distressed home sales in the West

Sun, 7 Sep 2008 00:00:00 GMT

Sovereign wealth funds (SWFs) are now increasingly buying into real estate assets sold by distressed sellers and on deals that are out of reach for debt-reliant buyers. SWFs may have bought a number of landmark buildings in the West in the past, but the latest sellers to these funds are...

Sovereign funds buy $25.5bn stakes

Fri, 5 Sep 2008 00:00:00 GMT

Sovereign funds have invested $25.5 billion (Dh93.66bn) so far this year to buy stakes in global companies such as Citigroup and Merrill Lynch, up 66 per cent from a year earlier, Thomson Reuters data showed yesterday. Sovereign funds such as Singapore's Temasek Holdings and the Abu Dhabi...

GCC set to be global hub for funds industry

Thu, 28 Aug 2008 00:00:00 GMT

The GCC is expected to become an international centre for asset management in the next decade, said experts at a seminar organised by the Dubai International Financial Centre yesterday on emerging opportunities for the regional funds industry. Presenting an exciting outlook for the sector over...

Dubai fund chief held as graft probe widens

Fri, 15 Aug 2008 00:00:00 GMT

Dubai has widened an anti-corruption probe to include Adel Shirawi, vice-chairman of Istithmar World, one of the government's investment funds, and a former chief...

Global Closes its MENA Ijarah Real Estate Fund

Wed, 13 Aug 2008 00:00:00 GMT

(Arabic) Global Investment House has closed its fund successfully with overall capital commitments of $75 million...

UAE largest Arab destination for foreign capital

Wed, 6 Aug 2008 00:00:00 GMT

The UAE attracted more than $35billion (Dh129bn) in foreign direct investment between 1997 and 2006 to become the largest Arab destination for foreign capital, according to official data. The UAE has also emerged as the second largest Arab capital exporter, with its direct investment outflow...

Abu Dhabi fund to name US targets

Wed, 6 Aug 2008 00:00:00 GMT

Mubadala, Abu Dhabi's increasingly active state investment vehicle, is expected to announce new deals in the next four to six weeks as it seeks to take advantage of...

UAE: Drake & Scull gets Dh124b

Tue, 22 Jul 2008 00:00:00 GMT

Dubai construction and engineering firm Drake & Scull International attracted Dh124 billion from 45,600 investors in its initial public offering that was oversubscribed 101 times, the company said in a statement yesterday...

Shuaa Partners fund sees $165m investment

Sun, 6 Jul 2008 00:00:00 GMT

Shuaa Partners, the private equity arm of Shuaa Capital, said it has attracted $165 million for its $200-million hospitality fund. The fund had the first closing on June 30...