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Islamic finance falling short in PPP space

At a conference held by the World Bank Group Thursday, officials discussed the challenge of tapping the $2trn market for Shariah-compliant finance to boost infra.

Prostar expands oil terminal portfolio in Port of Fujairah

The US fund manager acquired its second oil terminal in the UAE port.

Finnish renewables vehicle buys into €210m Jordanian solar site

The 200MW Baynouna project will be the largest of its kind in the country and is the second investment by the Solar Wind fund.

AIIB approves $490m non-sovereign financings

The Beijing-based lender is making its first investment in China’s power sector, while mobilising private sector capital with a syndicated senior loan for a telecoms project in Oman.

IFM raises $6.5bn for global equity and debt

Twenty-nine investors from Europe and the Middle East contributed $2.15bn to the total over the past year-and-a-half.

Meridiam, ASMA and ADP move for Jordanian airport

Consortium is looking to buy a majority stake in the concessionaire for the Queen Alia International hub.

CDC Group backs Egyptian solar with $97m investment

CDC was part of a nine-member IFC-led consortium lending $653 million for the 800MW Nubian Suns project.

Dubai-based infra specialist joins Squire Patton Boggs

Shane Wilson, who joins the firm as a partner, has worked on projects in Abu Dhabi, Kuwait and Armenia and is experienced in Islamic finance.

AMP strengthens Gulf relations with Dubai outpost

An institutional director was hired to introduce the firm’s real assets capabilities to institutional investors in the Middle East.

Exclusive: Mubadala eyes up to $1bn for second infra fund

A first close is expected in the first half of next year and the fund will include an expansion outside the Middle East.