by admin on April 22, 2010
By Andrei Skvarsky
John Tottie, an oil and gas analyst for Royal Bank of Scotland , has quit and is understood to be joining HSBC’s operation in Saudi Arabia.
Tottie’s departure is a blow to RBS, which is hoping to build up its business in Russia. Management is looking to build up a research presence on the [...]
by admin on December 1, 2009
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 [...]
by admin on November 23, 2009
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, [...]
by admin on June 22, 2009
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 [...]