Tag Archives: Middle East

Abraaj to pay scholarships to Royal College of Art students

By Andrei Skvarsky.

 The Abraaj Group, a global private equity firm focusing on emerging and frontier markets, will yearly pay scholarships for the next five years to five Royal College of Art students from Africa, Turkey, the Middle East, Asia and Latin America as part of a joint project with the London-based postgraduate school of art and design. Continue reading

EXCLUSIVE: Khaled Anabtawi, founder and manager of the Jordanian unit of online real estate firm Lamudi, talks about the Middle East property market in this interview with EmergingMarkets.me

Khaled Anabtawi

What is the background of Lamudi? Could you describe the company’s presence in Jordan?

Lamudi , the emerging market real estate classifieds player, officially launched operations in 13 countries across Asia, Africa, and Latin America in October 2013. Less than one year later, we are present in 28 countries. As the online real estate market grows, so does Lamudi’s reach worldwide. The search for eal estate is moving online and we want to help people to find the right property. We want to be there to grow alongside the rate of Internet usage in emerging markets and we see great potential for this in Jordan. Continue reading

RenCap hires banker from Goldman Sachs to run London trading

By Andrei Skvarsky.

Renaissance Capital, a Russian emerging- and frontier-markets investment bank, has hired David George from Goldman Sachs as head of trading in London.


George will be based in London in his new job, which he takes in March, and report to RenCap’s global head of equities, Ben Samuels.

His duties will include support for the Moscow-headquartered firm’s efforts to grow its business in Turkey, Central and Eastern Europe, the Middle East and North Africa, the bank said in a statement.

George has spent the past seven years at Goldman Sachs, where his last role was chief operational officer of the emerging markets equity business. Previously he worked at Merrill for 13 years, heading the emerging markets trading desk for the last five years.

Other senior hires made by RenCap in the past few months are Robert Lamprecht, head of African sales, Amr Aboushaban, vice-president in the equities sales team, Harry Stanford, director in equity sales trading in London, and Ozlem Turgay, an equity salesman in Istanbul.

RenCap hires Merrill banker for senior Europe sales job

By Andrei Skvarsky.

Russian brokerage Renaissance Capital has hired Amr Aboushaban from Bank of America Merrill Lynch as vice-president in its equities sales team.


Aboushaban’s main responsibility will be client coverage in London and across Europe, but his duties will include helping to build out coverage in the Middle East and North Africa, RenCap said in a statement.

Aboushaban, who will be based in London and report to global head of equity distribution Florian Hellmich, held various positions at Bank of America Merrill Lynch, which he joined in 2007 and where he worked in emerging markets sales.

Among RenCap’s recent hires are Robert Lamprecht, head of African sales, Harry Stanford, director in equity sales trading in London, Ozlem Turgay, an equity salesman in the Istanbul office, and Ilya Lobanov, director in the equity sales team in Moscow.

RenCap, whch is part of Russian billionaire Mikhail Prokhorov’s Onexim group, has operations in Russia, Central and Eastern Europe, Asia and Africa, and has access to those markets through London and New York.

It has a variety of core businesses – mergers and acquisitions, equity and debt capital markets, securities sales and trading, research, and derivatives.

The markets it operates in include metals and mining, oil and gas, and agriculture.

EBRD invests in leading Turkish textile company

The European Bank for Reconstruction and Development continues to boost Turkey’s Anatolian regions, making a €3.7 million loan to Kivanc Tekstil, a leading producer of clothing fabrics and yarn based in Adana.

Kivanc Tekstil, 100 per cent owned and controlled by the founding family of the same name, has successfully operated in the textile sector for more than 60 years. Today it is an industry leader in Adana, a major commercial centre and the home of Turkey’s textile industry. The company supplies high-quality “Made in Turkey”-fabrics using the latest designs. Thousands of national and international clothing manufacturers use Kivanc Tekstil fabrics, including brands such as Banana Republic, Zara and Ann Taylor.

The EBRD financing will allow Kivanc Tekstil to purchase more than 50 weaving machines to expand its operations. The loan will also be used to install an additional generator that will increase the factory’s co-generation capacity and recycle its own steam, thereby saving water, energy and money.