Dubai would be host to Eman Mansour's latest investment banking endeavor. Veteran Gulf Arab banker Emad Mansour had laid out plans to establish a new investment bank located in the tax free financial zone of Dubai.
High-net worth individuals
OSX's Batista undergoes restructuring before bankruptcy proceedings
A new CEO was recently installed for billionaire Eike Batista's OSX as it prepares itself for bankruptcy and other legal processes, according to its lawyers.
Kingdom Holdings shares in Twitter valued at USD900 million
With the IPO of microblogging service Twitter recently concluded, the 3% shareholdings of Kingdom Holding initially worth USD300 million in 2011 is now worth USD900 million.
Private equity firm Hopu makes a comeback after a two-year lull
Private equity firm Hopu Investment Management Co. raised a new fund with USD 1.1 billion under management. Hopy re-entered the investment business after a two-year lull.
Foreign investors prefer financial investors - QFII survey
A recent survey conducted by Hong Kong company ChinaQFII indicated foreign investor preference in industries that would mostly deliver a return of equity with minimal risk.
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Lulu Hypermarkets chief executive officer Yusuffali M.A. said his company would be entering in expanding in emerging markets and create new ones in the Middle East and Asia.
Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.
Ross' investments in shipping is based on faith that emerging markets would boost trade in the long haul.
Billionaire investor Wilbur Ross spent USD100 million to acquire vessels hauling dry commodity. Wilbur Ross, billionaire investor and owner of WL Ross &Co.
Path reportedly received additional funding at more than USD7 million amid departures of its team members.
Espresso Logic raised USD1.6 million today as seed funding to make mobile APIs using data logic from reactive programming.
Renowned names in the wine industry join forces to create sales and marketing firm BCM Wineworks for the known brands of Bacchus Capital.
Swiss mobile app maker Coresystems had received its first external funding since 2002. Coresystems received USD15. 5 million from investors in a recently concluded Series A funding round, TechCrunch said in a report.
Hong Kong bourse recently listed Huishang Bank and Bank of Chongqing. A record HKD9. 21 billion or USD1. 19 billion was raised from its Hong Kong IPO for Huishang Bank after it had fixed the price slightly above the lowest rung in its price range at HKD3.
