Abu Dhabi-based investment firm, The National Investor (TNI), has appointed a new chief executive officer to replace Orhan Osmansoy, who resigned after nine years at the helm, the company said in a statement on Sunday.
Middle East
US judge junks Citigroup's injunction blocking Abu Dhabi's second arbitration
A US district court has rejected Citigroup Inc.'s injunction barring Abu Dhabi Investment Authority (ADIA) from seeking a secondary arbitration over its USD7.5 billion investment in the then-beleaguered bank.
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.
Sources say Dubai International weighs in on Mauser exit
Although Dubai seemed to have recovered from the 2009 debt crisis it experienced in 2009, it needs to sell some of its assets, including Mauser, to repay some USD50 million in debt, according to sources who told Reuters.
HarbourVest, Dubai firm tie-up for secondary private equity deals
HarbourVest Partners and Dubai-based private equity firm Lagoon Capital have teamed up to scout for secondary market private equity deals in the Middle East and North Africa.
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Matteo Stefanel, a senior partner at emerging markets-focused private equity firm Abraaj Group, has left the company, two banking and industry sources aware of the matter said.
Dubai-based pay-TV network OSN, which is planning an initial public offering, is worth about $4.3 billion post its recent acquisition of Pehla Media & Entertainment, brokerage Arqaam Capital said in a research note.
The fund formerly known as Genesis Angels supported startups like Sirim, StoreDot Ltd and other chosen, early-stage startups in Israel via a combined investment of USD34.5 million.
Dealogic data showed a big increase in the acquisition activity of big tech companies in Israel, pushing the Middle Eastern country to become a global player in the innovative tech arena.
American asset management firm Oaktree Capital Group was reportedly among the cornerstone investors in China Cinda Asset Management Corp's initial public offering. China Cinda is expected to launch the Hong Kong listing on Monday.
The University of Nicosia, a private school located in Cyprus, boasted that it is now the first university in the world wherein you can pay your tuition and other fees through Bitcoin. This also part of their publicity efforts to promote its new Master of Science Degree in Digital Currency.
US-based crowd-shipping mobile app Friendshippr closed USD670,000 in funding from angel investors in Dubai to connect consumers to Facebook friends who will help transport items for them.
The following bids, mergers, acquisitions and disposals were reported on Thursday including Omnicom, General Motors, Deutsche Telekom, Devon Energy and others
Chairman Sheikh Maktoum Hasher Al Maktoum said Shuaa Capital is exploring a joint venture, partial sale or bond as possible avenues to grow the company.
