Saudi Arabia’s Public Investment Fund plans to invest $5 billion in Oman
December 9, 2021 According to a statement from the two countries, the Public Investment Fund of Saudi Arabia is planning to invest $5 billion in Oman. The plan was announced after the visit of Saudi Crown Prince Mohammed bin Salman to his Middle East neighbor. Read the original article in Arab News: Saudi PIF aims to invest $5 billion in…
Economy competitiveness increased as UAE changes weekend
December 8, 2021 The UAE shifts its weekend to Saturday and Sunday resulting in greater integration of the local economy with global markets. This will boost its competitiveness by attracting more foreign direct investment into the country. As the Gulf country relies extensively on foreign trade, tourism and logistics to fuel its economic engine, this recent move to align the…
Mubadala investment strategy to stay patient
November 22, 2021 As interest rates are spiking and with expected inflation, investors must remain wary says group chief executive of Abu Dhabi state investment fund and anticipates no change from Mubadala’s investment strategy and themes in 2022. The patient investment strategies would weather difficult cyclical phases and areas such as renewables, technology and life sciences will continue to remain…
Alternative asset investments in Middle East improved by sovereign fund focus on regional deals
November 17, 2021 Private investors and sovereign wealth funds (SWFs) in the Middle East are progressively shifting their attention to domestic and regional markets, enhancing private capital deals and money going into alternative asset classes. At the end of 2020, private capital assets under management in the region grew 11 percent annually and 14 percent in cash holdings for deals.…
Central Bank head says Saudi Arabia hits $430 billion in Shariah-compliant finance
November 10, 2021 Fahad Al Mubarak, the governor of the Saudi Central Bank says the country has witnesses rapid growth in Islamic financing with the total Shariah-compliant financing amounted to more than $430 billion. The Islamic financial industry accomplished an annual growth of more than 10 percent. The total assets of Islamic financial services amounted to nearly $800 billion in…
Greenstone recognized globally as top placement firm in 2018 and 2019
December 5, 2019 (Dubai) In an article by Institutional Investor, Greenstone Equity Partners was highlighted as the top placement agent for funds closed from the beginning of 2018 through June 30, 2019. Greenstone assisted 32 funds which attracted a total of $17.9 billion over that period, according to Preqin's December 2019 League Tables special report on Prominent Placement Agents. Preqin…
Middle East investors looking for the right strategies
September 29, 2019 (Dubai) In an interview by Banker Middle East, Greenstone Equity Partners' Chairman, CEO and Founder Alex Gemici, provides valuable insight on the current global political environment and the precarious position of the markets make existing geopolitical tension more of a risk than before. Highlights from the interview include: Commenting on the challenging geopolitical operating conditions, Alex Gemici…
Abraaj collapse drives GCC-based investors towards U.S. and European fund managers
August 1, 2019 (Dubai) In the wake of the Abraaj collapse, Greenstone Equity Partners observes GCC-based investors accelerating towards well-established fund managers in the U.S. and Europe, preferring to commit fund capital to safer havens in a flight to quality. Greenstone’s Chairman and CEO Alex Gemici was quoted in Bloomberg as stating: “The collapse of Abraaj has eroded institutional investor…
Greenstone becomes first Fund Placement Firm licensed by UAE Securities and Commodities Authority
June 11, 2019 (Dubai) Greenstone Equity Partners, the largest fund placement firm in the Middle East, has become the first firm of its kind to obtain a license to promote financial products and foreign securities by the UAE's Securities and Commodities Authority (SCA). The SCA has granted Greenstone’s UAE subsidiary, Greenstone Equity Partners Financial Products Promotion L.L.C., a license to perform…