'Private Equity fundraising and investment activity throughout the Middle East and North Africa (MENA) region stagnated in 2009' says Emerging Markets Private Equity Association (EMPEA) Insight Issue for March 2010. The read more...

'For the first time, two Chinese naval ships visited the UAE, with a brief port call in Abu Dhabi' says a Financial Times article. It further adds that the event is another example of the growing ties between the Gulf and the Asian giant.

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'More money is set to pour into private equity in emerging markets, as investors increase their commitments to funds targeting deals in China, India and Brazil says Martin Arnold in his Financial Times article. The news item covers the research conducted by

Christopher Garnett, Director of Euromoney Conferences rounded off the first day of the Euromoney Conference in Riyadh, Saudi Arabia by moderating a lively discussion on Saudi corporate finance.

For the past three decades, the Gulf petrochemicals industry has seen phenomenal growth. The center of gravity has now shifted from the traditional producing regions of North America, Europe and Japan to the lowest cost producing region of basic petrochemicals – the Gulf.

Source: Financial Times

By Ellen Kelleher

Published: April 16 2010 15:53 | Last updated: April 16 2010 15