Emerging Markets, Emerging Russia, Emerging Views
By Vladimir Osakovsky, Head of Strategy and Research for UniCredit Securities
We expect Dubai World’s debt problems to be successfully resolved in the not-too-distant future. We think that all outstanding problems with maturing debt likely to be settled either through restructuring the debt, or through repayment from sovereign funds or possibly IMF assistance.
On Sunday, the UAE [...]
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By Jason Corcoran
Pharos Financial Advisors today launched a $350m private equity fund focused on acquiring and operating land in Eastern Europe, Eurasia and Africa.
Pharos, a Russian-based investment firm which expanded to Dubai last year, is expecting to raise more than half of the fund from investors in the Middle East.
The Pharos Miro Agricultural fund, [...]
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Jason Cororan in Moscow
VTB Capital, the investment banking arm of state-controlled VTB bank, has hired ten staff for its new Dubai operation in a bid to lure sovereign Gulf money to Russia.
The bank is attempting to set itself up as a conduit for Middle East sovereign wealth money which might be interested in investing in [...]
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