UAE is one of the world’s fastest growing economies
July 14, 2023 The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of oil GDP, according to the Financial Stability Report for 2022 released by the Central Bank of the UAE. The report noted that this comes at a time when the global economy experienced a slowdown in 2022, with…
ADQ invests in Canadian alternative asset manager Sagard
July 06, 2023 ADQ, the Abu Dhabi-based investment and holding company, has become an investor alongside Bank of Montreal (BMO) in Canadian alternative asset management company Sagard. ADQ and BMO have respectively entered into definitive agreements with Sagard, which has $14.5 billion of assets under management, to acquire minority equity stakes in the company, the entities said. Read the original article in The National:…
PIF ranks 7th worldwide in Mideast for scoring high in GSR
July 02, 2023 Saudi Arabia’s Public Investment Fund ranked first in the Middle East region and seventh worldwide among 100 global state-owned funds for scoring high in governance, sustainability and resilience practices, according to the evaluation of the Global Sovereign Wealth Funds. Launched in 2020, the GSR scorecard is driven by an annual review of the best practices of the world’s top 100 funds,…
Saudi Arabia makes its mark in the global games industry by investing billions globally
June 13, 2023 Saudi Arabia has spent almost $8 billion acquiring and building stakes in gaming companies across the globe in the past 18 months as part of a turbocharged investment spree with the aim of becoming a dominant force in the growing entertainment industry. Saudi-backed Savvy Games Group has led the deals, including a significant stake in China’s VSPO,…
China set to receive up to $2 trillion from Middle East sovereign funds amid rise in investment capital
June 12, 2023 China, the world’s second-largest economy, is set to receive $1 trillion to $2 trillion in investments from top sovereign funds in the Middle East by 2030 as they look to pivot to Asia amid a rapid rise in their investment capital, the chief executive of Hong Kong Stock Exchange (HKEX) has said. This investment capital is expected…
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…