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Global Ventures closing in on USD 100 mn close for its new fund
Dubai-based VC Global Ventures is nearing a USD 100 mn target for its new fund, after attracting liquidity from Abu…
Snacks aren’t getting the VAT treatment
Breaking down the VAT Act amendments: Earlier this week, the House of Representatives gave its final approval to amendments to…
More doom and gloom for EMs going into the new year
The case for investing in emerging market currencies into the new year is darkening, despite expectations for a surge in…
Chimera Capital reaches final close on its first VC fund
Our friends at Abu Dhabi fund manager Chimera Capital have hit final close on their first venture capital fund at…
Gulf equity boom isn’t going anywhere
The Gulf stock boom shows no signs of slowing next year, Bloomberg reports, citing fund managers and strategists. Gulf stocks…
Algebra Ventures Fund II locks USD 15 mn from EBRD
The European Bank for Reconstruction and Development (EBRD) has approved a USD 15 mn equity commitment to Algebra Ventures’ second…
Inflows to EM bonds, equities slow + fretting over US inflation
MARKET WATCH- The last time US inflation was this high, Mubarak hadn’t completed the first year of his presidency: Consumer…
Abu Qir raises EGP 2.25 bn in secondary offering
Abu Qir Fertilizers completed the sale of 10% of its shares for EGP 2.25 bn (c. USD 143 mn), according…
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