March 25, 2023

Abraaj creditors meet in Dubai and London, with ‘fire sale’ option on the table

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By Frank Lane From Arab News Middle East’s largest private equity firm meets with creditors and investors in London and Dubai “Fire sale” of assets one of the options for Abraaj assets DUBAI: Investors and creditors of embattled private-equity firm Abraaj Group have met in simultaneous meetings in Dubai and London to discuss the future […]

Lighter regulations at DIFC attract three new funds

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By John Everington From The National Dubai’s financial hub is set to attract at least three new funds by the end of the year as a new, lighter-touch policy starts to reap rewards. It will come as a boost to the Dubai International Financial Centre (DIFC), which is seeking to attract more funds targeting high […]

MIDEAST-MONEY-Dubai considers rule change to lure more domiciled funds

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* Financial regulator proposes new fund class * Aims to attract private equity and hedge funds * Less stringent regulation, higher minimum investment * Cost and ‘human infrastructure’ issues persist By Andrew Torchia DUBAI, March 16 (Reuters) – Dubai is considering regulatory reforms to persuade more funds to base themselves in its financial centre, though […]