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…Continue Reading

Lamudi real estate firm: myths create fear of emerging markets

By Andrei Skvarsky. Lamudi, an online real estate dealer with operations in 28 countries in the Middle East, Asia, Africa and Latin America, argues there exist widespread myths that may stop Western companies from taking advantage of “exciting” opportunities offered by emerging markets.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

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…Continue Reading

Sberbank, Abu Dhabi’s Invest AD clinch “strategic” deal

By Andrei Skvarsky. Russia’s biggest lender Sberbank and Abu Dhabi’s state-owned Invest AD investment management firm have signed a preliminary deal on “strategic” cooperation in asset management in Russia, the Commonwealth of Independent States, and the Middle East, Sberbank said.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…Continue Reading

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…Continue Reading

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…Continue Reading