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  • Investcorp hires 30-year Citi vet to lead Gulf activities
    Yvette Choo- 5 January 2013

    Mohammed Al-Shroogi has resigned from the financial services giant to join the Bahrain-based investment manager.

  • Global Investment House restructures
    Jenny Blinch- 5 January 2013

    Following on from its debt default in December, the Kuwaiti-government backed financial institution has restructured its management as part of ongoing reform. It is unclear how this affects its private equity activities.

  • Dubai moves to reduce back office overhead
    Jenny Blinch- 5 January 2013

    Dubai International Capital and Dubai Group have been placed into the same holding company, while the debt-laden emirate has also combined back office functions for its three real estate entities.

  • M’Sharie acquires UAE-based adhesive manufacturer
    Siddharth Poddar- 5 January 2013

    The Dubai-based private equity firm has purchased a controlling stake in Anchor Allied.

  • DIC hires emerging markets head
    Kevin Ley- 5 January 2013

    The Middle East investment firm, which has more than doubled its staff in the past year, has made three appointments including the hire of former Bain executive Alykhan Nathoo as head of its emerging markets division.

  • Dubai Investments sells stake in M’Sharie
    Christopher Witkowsky- 5 January 2013

    The transaction will help grow the private equity firm's presence in the Gulf region.

  • DIC to open in New York
    PEI Staff- 4 January 2013

    The recent recruitment of Morgan Stanley’s David Smoot to expand its private equity operations in North America accelerates Dubai International Capital’s plans to open up shop in New York City.

  • DIC hires Morgan Stanley Private Equity co-founder
    Siddharth Poddar- 4 January 2013

    Dubai International Capital has hired David Smoot to expand its private equity operations in North America. He brings with him a wealth of experience in investment banking, from advisory mandates to principal investing.

  • Dubai Capital invests alongside Citadel in glass factory
    Toby Lewis- 4 January 2013

    The Dubai Holding-owned buyout firm and the Egyptian firm have partnered sealing another private equity deal in the increasingly active Egyptian buyout market.

  • DIC appoints communications veteran
    Toby Lewis- 4 January 2013

    The Dubai-based investment firm, led by Sameer Al Ansari, has bolstered its public relations team.