Emaar Malls' $800 million bid for Souq.com to challenge Amazon

DUBAI Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com [IPO-SOUQ.DU], setting up a potential bidding war with Amazon.com. Emaar Malls’ bid has so far not been ... ( read original story ...)

Emirates Global Aluminium mandates US banks for IPO: sources

EGA was created in 2013 when state-owned companies Dubai Aluminium (Dubal) and Abu Dhabi's Emirates Aluminium (Emal) merged. Its enterprise value was put at $15 billion at the time of the merger. It is owned by Abu Dhabi state fund Mubadala Investment Co ... ( read original story ...)

Dubai's Arqaam Capital launches global hedge fund in rare move

DUBAI, March 27 Dubai-based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre ... ( read original story ...)

Arqaam Capital launches global macro hedge fund

Dubai: Arqaam Capital, the specialist emerging markets investment ... and top-tier international investment banks and leading hedge fund managers. The fund will be managed by Areski Iberrakene as Chief Investment Officer. “The launch of Arqaam’s ... ( read original story ...)

Hedge fund manager Eric Mindich shuts down Eton Park

For hedge funds, 2016 was the worst year since the height of the financial ... The dollar hovered near a four-month low against the Japanese yen on Thursday ahead of a vote on a... DUBAI (Reuters) - Saudi Arabia's crude exports to the United States in ... ( read original story ...)