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Middle Eastern investors eye $14-billion for Barclays

Middle Eastern investors will pump up to £7.3-billion ($14.16-billion) into Barclays PLC, allowing the bank to strengthen its balance sheet without resorting to a bailout by the British government. The capital increase announced yesterday underscores Barclays' determination to retain its commercial independence, coming just weeks after its peers agreed to stringent trading and management conditions to borrow taxpayer funds. A trio of Middle Eastern investors - the Qatar Investment Authority, the Challenger investment vehicle led by the Qatari royal family and Sheik Mansour bin Zayed Al Nahyan of the Abu Dhabi royal family - could end up owning almost a third of Britain's third largest bank as a result of the deal. BARC (London) fell 26.35 pence to £1.

ADAOX announces availability of ESET's antivirus for smartphones in the Middle East

ADAOX Middle East, the regional business development centre of ESET NOD32 Antivirus, today announced the availability of ESET's Mobile Antivirus, a new security solution for mobile devices for the Middle East region.

Addax Bank launches US$35 million Middle Eastern fine art fund in cooperation with The Fine Art Fund Group

BAHRAIN. Leading Bahrain-based bank, Addax Bank, in partnership with the premier international art fund manager, The Fine Art Fund Group, announced the launch of a US$ 35 million ‘Middle Eastern Fine Art Fund by Addax’ in parallel with the largest fair for modern and contemporary art, ArtParis- Abu Dhabi which was held at the Emirates Palace from 18-21 November. The Fund will target modern and contemporary artwork across the Middle East, and is expected to have an initial term of five years.

Mobile data services to contribute 18 percent of operation revenues in 2010.

According to Dr. Gil Feiler, a prominent researcher on the Arab markets, commercial deployment of Mobile TV around the Middle East and North Africa (MENA) countries is now a reality. The Middle East is likely to witness a strong jump in the growth of mobile financial services, with a raft of operator-led payment initiatives such as M-PESA. Operator-billed service revenues across Middle East and North Africa (MENA) countries are expected to rise to more than $80 billion in 2010. Mobile data services are expected to contribute 18% of operator-billed service revenues in 2010, against just 8% this year. The Kingdom of Saudi Arabia will lead the revenue base in the region. Dr. Feiler found that growth would be driven by mobile data services, fuelled by the greater availability and wider variety of rich-media content coupled with lower browsing

Middle East to give Barclays $A17.8b

Middle Eastern investors will pump up to STG7.3 billion ($A17.8 billion) into Barclays PLC, allowing the bank to strengthen its balance sheet without resorting to a bailout by the British government.

Middle Eastern banks sound despite Gulf Bank bailout

The bailout of Gulf Bank by the Kuwaiti government is not grounds for investor worry in the Middle East, says analyst.

Canon Middle East presents EOS 50D

Canon Middle East strengthens its EOS range with the addition of a powerful new digital SLR: the EOS 50D.

Middle East's synchrotron runs short of funds

The first synchrotron facility for the Middle East, formally opened on 3 November, faces a shortfall of US$19 million that threatens its completion.

6bn Middle East boost for Barclays

Barclays is on the verge of securing a £6 billion capital injection from Middle Eastern investors in a move that will enable the bank to avoid using the Government for financial support.

Barclays: Middle East Not Tapped Out Just Yet

OK, maybe not. But it’s not looking too good, either, what with the latest Christie’s art and jewelry auction in Dubai missing estimates by half, as oil and equities prices continue to slump. Undaunted, Barclays is forging ahead, taking a loaner from Middle Eastern investors to the tune of $12.02 billion. And, now, for why the bank would rather do that than consider the alternative...

Point Nine expands Middle and Back Office Services into the ...

Point Nine, a leading provider of Middle and Back Office Services, has announced today the opening of their new office in Limassol, Cyprus. This is the second office opening for Point Nine this year, which follows the recent opening of Point Nine’s facilities in New Delhi, India.

World View: New Prominence for Middle Market Investment Banking and More of Mondays News

A survey finds that middle market investment banking is likely to take on new prominence for Wall Street and the largest banks in the United States as financial service companies go down market to look for new sources of revenue to replace large corporate deal flow.

255m Museum of Middle East Modern Art planned for Dubai

Developer Dubai Properties is building a £255m museum, dedicated to Middle Eastern modern art as the centre piece of its £8bn Cultural Village project in Dubai, UAE.

Barclays fails to win compromise with Middle East investors

From Telegraph.co.uk: The Middle East investors planning to buy almost one third of Barclays have refused to reduce their return on the deal, in a move which is set to lead to a head-on collision between the high street bank and its existing shareholders.

The top celebrity middle names you never knew

He's famously known as Kiefer Sutherland, but the actor's full name actually consists of five middle titles - Kiefer William Frederick Dempsey George Rufus Sutherland.

The top celebrity middle names you never knew

He's famously known as Kiefer Sutherland, but the actor's full name actually consists of five middle titles - Kiefer William Frederick Dempsey George Rufus Sutherland.

Bonhams holds second Middle East sale of modern and contemporary Arab, Iranian, Indian and Pakistani art

Bonhams, the international fine art auction house established in the UK since 1793, will be holding its second Middle East sale on Modern and Contemporary Arab, Iranian, Indian and Pakistani Art at the One & Only Royal Mirage Hotel, Dubai on Monday 24 November 2008.

The top celebrity middle names you never knew

Washington, Oct 31 (ANI): He's famously known as Kiefer Sutherland, but the actor's full name actually consists of five middle titles - Kiefer William Frederick Dempsey George Rufus Sutherland.

£255m Museum of Middle East Modern Art planned for Dubai

Developer Dubai Properties is building a £255m museum, dedicated to Middle Eastern modern art as the centre piece of its £8bn Cultural Village project in Dubai, UAE.

£255m Museum of Middle East Modern Art planned for Dubai

Developer Dubai Properties is building a £255m museum, dedicated to Middle Eastern modern art as the centre piece of its £8bn Cultural Village project in Dubai, UAE.

JP Morgan moves up the Middle East M&A rankings

JP Morgan boosted its market share in the Middle East merger and acquisition arena last month, after moving up in the league tables, despite acquisition activity in the region remaining almost 50% down on last year.

UPDATE 2-Barclays Middle East capital plan under fire again

LONDON, Nov 17 (Reuters) - Corporate governance advisers PIRC called on shareholders in British bank Barclays Plc (BARC.L: Quote, Profile, Research, Stock Buzz) to vote against the lender's planned 5 billion pound ($7.4 billion) fundraising from investors in the Middle East.

Barclays raises more than 7bn from Middle East investors

Barclays is raising up to £7.3bn from Middle East investors, who could end up owning more than a third of the UK's second largest bank. The move allows the bank to strengthen its balance sheet without taking help from the taxpayer.

Two more museums by middle of next year

KUANTAN: Two new museums -- the Malaysian Textile Museum and Natural History Museum -- are being built and will be open to the public by the middle of next year.

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