Abraaj Capital invested US$361 million for a 50% stake in May 2008. Company Headquarters: Pakistan Business focus: Generation, transmission and distribution of electricity Revenue: US$1.2 billion (FY 2010) Employees: 18,000 impact highlights Abraaj developed a line loss reduction model—Integrated Business Centres (IBCs)—that ended the split between the… Read More
EMPEA, on behalf of its 288 members, submitted comments on the Executive Regulations of Law No. 7 of 2010 Concerning Establishment of a Capital Markets Authority and Organization of Security Authority published in Kuwait’s Official Gazette, Issue No. 964 (56th year). Read More
Robert Thorpe, Managing Director of Macquarie Infrastructure and Real Assets (“MIRA”), discusses the opportunities and challenges of being a global infrastructure investor across both developed and emerging markets. Robert is focused on MIRA's emerging markets infrastructure funds business and is directly involved in the management of Macquarie's Indian Infrastructure… Read More
In this issue US – Dodd-frank and SEC Registration SEC Staff Indicates That the Commission Is Likely to Extend Key Dodd-Frank Adviser Compliance Dates Until First Quarter of 2012 White & Case LLP Dodd-Frank Act Rulemaking: Under Rubric of Systemic Risk, Joint SEC-CFTC Proposal Would Dramatically Expand… Read More
Expert commentary by tuninvest-africinvest group The extraordinary events in Tunisia, which were sparked by a spontaneous youth movement protesting unemployment, social inequities and corruption will undoubtedly have a long-term impact on the investment environment there. TunInvest-AfricInvest Group shares an analysis of the short- and long-term outlook for Tunisia, based on… Read More
While it is too soon to speculate about the potential long-term consequences of the unrest unfolding across North Africa, EMPEA’s members are expressing confidence that this chain of events will result in more stable, faster-growing economies that will present private equity players with compelling investment opportunities and more investor-friendly… Read More
The following is a summary of key issues discussed during an EMPEA Webcast held 17 November with Weil, Gotshal & Manges LLP. Approximately 140 people located in 25 different countries participated in the discussion led by John Fadely, Funds Partner (Hong Kong); Jonathon Soler, Funds Partner (New York);… Read More
Financial institutions and fund managers globally are drawn to the idea of raising a Shariah compliant fund targeting Middle East investors. However, most are uncertain of how and where to start. In this update, Akin Gump provides five basic pointers to help guide institutions and fund managers looking to raise… Read More
Private equity activity in the Middle East and North Africa (MENA) region slowed in 2009. Funds dedicated to MENA raised a total of US$1.1 billion in 2009, from a record high of US$6.9 billion raised in 2008. Investments were similarly sluggish in 2009, although falling less steeply, at US$2.2… Read More
Strong fiscal and economic policies among governments in the Middle East and North Africa (MENA), including ongoing heavy investment in local projects, have enabled the region to better weather the current global economic storm than many Western and other emerging markets. In addition, MENA economies benefit from sizable accumulated… Read More
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