PineBridge Investments Raises $140m For GCC Real Estate Fund

The fund will acquire existing real estate assets, with a focus on the logistics, social infrastructure and community retail sectors.

Qatar Image Would Suffer More Than Economy If World Cup Lost

Qatar is wealthy enough to handle such economic dislocation without long-term damage, analysts say.

Abu Dhabi’s TDIC Narrows 2013 Loss On Higher Revenues

The company made a net loss of Dhs1.13 billion ($307.7 million) in 2013 compared to a loss of Dhs2.15 billion in the prior year.

Bahrain Budget Gap Doubles In 2013, Spending Rise Lowest Since 2009

State spending rose by 2.8 per cent to BD3.4 billion in 2013, some 14 per cent below the budget plan.

Oman’s Bank Dhofar Proposes Share Swap Ratio For Bank Sohar Merger

A merger between the two banks would create Oman’s second biggest bank by asset value, with assets worth around 4.78 billion rials ($12.42 billion).

Saudi Mall Owner Othaim Plans Debut Local Currency Sukuk

The transaction is likely to be worth between SAR500 million and SAR1 billion, sources said.

Egypt To Collect Foreigners’ Capital Gains Tax On Each Transaction

The expected amount to be collected from this tax will range between 3.5 billion pounds and 4.5 billion pounds, Egypt’s finance minister said.

Egyptian Govt Says It Is $9.8bn Over Budget On Fuel Subsidies

Energy prices in Egypt are among the lowest in the world, and the government spends more than a fifth of its budget keeping them down.

Dubai’s Emaar Properties Says Malls Unit Raises $1.5bn Islamic Loan

Emaar said the loan is repayable in seven years and carries a profit rate of 1.75 per cent over the London interbank offered rate (Libor).

Saudi Cement Recommends H1 Dividend Of SAR3.5 Per Share

Shareholders owning the company’s stock at the end of trading on July 1 will qualify for the dividend, the company said in a statement.

Egypt Approves New 10% Capital Gains Tax On Stock Market Profits

The tax is part of the first phase of income tax reforms in the country expected to bring in 10 billion Egyptian pounds.

Prince Alwaleed Sees 130% Investment Hike After Chinese Firm JD.com Listing

The Saudi businessman and his Kingdom Holding Company invested $250 million for a combined stake of 2.5 per cent in the Chinese online retailer.

Funds To Cut UAE, Qatar Exposure After MSCI Upgrade – Survey

Only 20 per cent of the funds surveyed expect to increase their allocations to UAE equities in the next three months.

Dubai’s Emaar Properties Secures $1.5bn Islamic Loan – Sources

The new loan replaces an existing facility worth $980 million which was raised in 2011 and was secured against Dubai Mall.

Bahrain Clarifies Basel III Capital Rules, Eyes 2015 Rollout

Bahrain’s decision could influence regulators in other Gulf states such as the UAE and Qatar that have not yet clarified their stance.

UAE Regulator Approves Samena’s Acquisition Of RAK Ceramics Stake

The regulator also granted Samena a waiver in relation to the price it was paying for the RAK Ceramics shares.

Dubai’s DIFC Sets Up Dispute Settlement Authority

The move is in line with the UAE’s Vision 2021, which calls for an effective dispute settlement mechanism to attract more business to the region.

UAE Etisalat Picks Banks Ahead Of Potential Bond Issue – Statement

A separate document from lead arrangers showed Etisalat chose Deutsche Bank, Goldman Sachs, HSBC and Royal Bank of Scotland to arrange the offering.

Qatar’s Emir Says All Listed Firms To Up Foreign Ownership Limit To 49%

Foreign ownership is usually limited to 25 per cent in publicly listed firms.

Ex-Leeds Official Accused Of $6.45m Embezzlement In Dubai

Dubai-based GFH Capital, where David Haigh was previously the deputy CEO, said his arrest was not related to the Leeds sale.

Etisalat Given $500m By Abu Dhabi For Maroc Telecom Deal

Etisalat is 60 per cent owned by the United Arab Emirates.

MENA M&A Deals Down, But Companies Positive About Volume Growth – Report

Acquisitions are expected to make up a smaller portion of revenue growth value for the current fiscal year, but companies are upbeat about M&A volume growth, according to EY.

Saudi’s Ma’aden Appoints HSBC As Advisor For SAR5.6bn Rights Issue

Ma’aden had earlier this month said it was seeking shareholder approval for a capital increase.

Abraaj Buys Stake In Thai Education Firm Amid Political Turmoil

Abraaj said it had bought a stake in out-of-school education provider KPN Academy, without disclosing the purchase price.

Bahrain Plans IPO For Khalifa Bin Salman Port Operator

The listing aims to fulfill a contractual agreement made when the port opened in 2009.

Saudi’s CPC Acquires Egypt’s Sphinx Glass For $190m

The Jeddah headquartered company aims to increase Sphinx’s revenues to $63.2 million this year from $55 million in 2013.

Stock News: Emaar Unit Listing Plan Lifts Dubai

Emaar said on Monday it would list up to 25 per cent of its malls business on the Dubai Financial Market.

Emaar To Sell 25% Of Malls Business On Dubai Bourse

The firm said it had received regulatory approval for the listing, which will take place on Dubai Financial Market (DFM).

Stock News: Qatar Rallies Ahead Of MSCI Upgrade

Doha’s index has risen 26.5 per cent so far this year.

UAE Businessman BR Shetty Buys Forex Firm Travelex

Dr. Shetty is the owner of money transfer service UAE Exchange, which has over six million customers in 30 countries.