The stake in Romatem is PineBridge’s second investment in Turkey and its third deal in the Middle East.
The company recently launched an Arabic football app and the Yahoo Fantasy Premier League in Arabic.
Branson was looking for potential Middle East investors for his $1.7 billion cruise ship project, according to media reports.
The declaration by Servcorp’s CEO was followed by the first public announcement confirming 120 day ‘hassle free’ business licenses will be made available in Dubai.
Iran and Syria are the main issues for discussion at the summit, scheduled to take place in Kuwait on March 25-26.
The U.S. has abandoned efforts to arrange a summit with Gulf Arab leaders due to divisions with the group of its regional allies, officials said.
Qatar’s Syria policy matters not only because Doha remains a generous backer of the opposition but also because its dispute with other funders.
Around 90 per cent of the GCC’s high net worth individuals are more focused on wealth generation than preservation.
London remained the favourite Western destination for regional real estate investors.
Oil and gas firms in the Middle East have an above-average approach to risk management compared to their global counterparts, a study says.
Receptionists, accountants and human resource professionals are the most sought after groups among the employers in the UAE.
Dubai firm Arabtec has signed a $40 billion deal to build one million homes in Egypt.
Despite the brotherhood’s taste for populist electoral politics, no other GCC member, apart from Saudi Arabia, has declared it a terrorist organisation.
A total of 3.45 million units were shipped to the region during the final quarter of 2013, according to IDC.
Telecom Egypt has been relying on its data business to boost revenue.
The financial park and real estate project had been suspended for five years.
The 40-member bloc, which quit the 120-member coalition, said it had returned to confront what it saw as its unfair exclusion from decision-making.
The project will cover 160 million square meters across 13 sites in Egypt for lower income individuals, a statement said.
He also blamed both countries for launching Syria’s three-year civil war through al Qaeda-linked groups.
Regional shares were dampened last week due to the Ukrainian crisis but recovered lost ground as the situation seemed to have calmed.
The fatal bombing of a tourist bus in Egypt’s Sinai region prompted a travel advisory from Germany.
Middle Eastern carriers are benefitting from the strength of regional economies and a solid growth in business-related premium travel, says IATA.
Air passenger traffic in the UAE, Saudi Arabia and Oman is expected to grow at 6.6, 6.9 and 7.2 per cent respectively, a report says.
Inflation rates will stay at manageable, low single-digit levels throughout the region, the report said.
Saudi billionaire Prince Alwaleed again ranks first in the region on Forbes’ annual list of the world’s billionaires.
Low-cost carrier about to step into the aviation breach following RAK Airways’ closure
Local firms are losing billions of dollars through negligence.
The GCC’s public spending has been rising in the last two years, fuelled by an increase in oil prices.
Dubai’s market rapidly absorbed an influx of new hotels in 2013 whilst maintaining a healthy occupancy rate throughout the year.
Mursi and his Brotherhood comrades are charged with breaking out of jail during the 2011 uprising against Hosni Mubarak.