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ICD Partners with Brookfield Asset Management for RE Fund
Dubai is looking to kick start its real estate market and promote increased investment within the metropolitan region. Recently, the Investment Corporation of Dubai (ICD) and Brookfield Asset...
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CME Group and Oman Investment Fund Increase Investment in Dubai Mercantile...
The press release states, “CME Group, the world’s leading and most diverse derivatives marketplace, and Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman, today announced that they...
View ArticleAabar Increases Stake in Arabtec
Aabar Investments, through its unit Aabar Real Estate, has doubled its position in Arabtec to 10.45%. It is the biggest shareholder of Arabtec. In terms of market value, Arabtec is the largest builder...
View ArticleReference to SWFs, Warning from Dubai Chief of Police
The United Arab Emirates is a nation with tremendous oil resources. It also hosts a number of large sovereign wealth funds, including the Abu Dhabi Investment Authority, the Emirates Investment...
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Investment Corporation of Dubai Signs MoU with Banco Santander
The Investment Corporation of Dubai (ICD) signed a memorandum of understanding (MoU) with Banco Santander. Banco Santander is a Spanish multinational bank with global operations but heavily active in...
View ArticleInvestment Corporation of Dubai Seeks to Assist Dubai Real Estate
Construction projects in Dubai were deeply affected by the real estate slump. The Investment Corporation of Dubai continues its efforts to support the local Dubai real estate industry. The Investment...
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Dubai Airshow Attracts Sovereign Wealth Capital
Mubadala Development Company has inked a pair of US$ 2.5 billion deals at the 2013 Dubai Airshow to provide advanced composites to both Boeing and Airbus, according to statements made by the respective...
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Dubai CEO Doubles Down
On April 7th, in London’s financial center, was a confluence of wealth, forecasts and discussions as Dubai officials met with international bankers and institutional investors. These “roadshow”...
View ArticleQatar Holding Buys Stake in Societe Fonciere Lyonnaise
Qatar’s sovereign wealth enterprise, Qatar Holding LLC, is paying €136.9 million (US$ 189 million) for a 7.25% stake in Societe Fonciere Lyonnaise SA from Unibail-Rodamco SE. [ Content protected for...
View ArticleInvestment Corporation of Dubai to Raise Debt Capital
The Investment Corporation of Dubai (ICD) is planning to sell dollar bonds. This comes after the government of Dubai raised US$ 750 million from 15-year-bonds at a 5% coupon. The ICD is attempting to...
View ArticleFriday SWFI News Roundup, June 13, 2014
Aabar Sells Shares in Arabtec Holding Abu Dhabi-based Aabar Investments PJSC has chopped its interest in Arabtec Holding Co., a Dubai builder, down to 18.85% from 21.57%. This is being confirmed from...
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Nomura Asset Management Opens Up Shop in Dubai
Japan-based Nomura Asset Management, the asset management arm of Nomura Group, has opened its doors in the Dubai International Financial Centre (DIFC), making a commitment to multiply its client base...
View ArticleExport-Import Bank of Korea Signs MoU with Investment Corporation of Dubai
The Export-Import Bank of Korea (Exim Bank), a state-managed bank, has signed a memorandum of understanding (MoU) with the Investment Corporation of Dubai (ICD) to discover opportunities for the Gulf...
View ArticleMENA Infrastructure Seeks to Raise $500 Million for Second Fund
Dubai-based MENA Infrastructure is seeking to raise a second US$ 500 million Shari’a-complaint infrastructure fund, MENA Infrastructure Fund II, will focus on Middle East, North Africa and Turkey. MENA...
View ArticleEmaar Malls Records $1.6 Billion IPO
Dubai-based Emaar Malls Group raised US$ 1.6 billion in its initial public offering (IPO). This is the biggest IPO in the United Arab Emirates since 2007 – DP World had a US$ 4.96 billion offering. [...
View ArticleSovereign Wealth-Backed Fajr Capital Leads Investor Group for GEMS
Dubai-based Fajr Capital carefully led an institutional investor group to acquire the emerging markets division of GEMS Education, specifically the business segments of the Middle East, North Africa...
View ArticleICD and Brookfield to Construct $1 Billion Financial Center Project in Dubai
Increasingly, European and Asian financial institutions have a desire to get access to the economic growth story in Africa and the Gulf region. Some of the largest Gulf cities have formed special zones...
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Korea Investment Corp Signs MoU with Dubai SWF and Kingdom Holding
The Investment Corporation of Dubai (ICD) signed a Memorandum of Understanding (MoU) with the Korea Investment Corporation (KIC). Sovereign wealth funds and Western financial institutions perceive the...
View ArticleReal Estate Roundabout, May 5, 2015
Ivanhoé Cambridge Buys Leased UBS GAM London Office Ivanhoé Cambridge, a unit of Caisse de dépôt et placement du Québec (CDPQ), acquired 21 Lombard Street in London for £130 million. The class A...
View ArticleSWFI – Movers and Shakers – August 17, 2015
CBRE Global Investors Appoints Ferguson as Global CIO T. Ritson Ferguson has been named global chief investment officer of Los Angeles-based CBRE Global Investors. This is a new role. Ferguson will...
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