INTERNATIONAL. Alpha generation is a distinct component of the strategy because it is critical to actively seek opportunities in all global markets in this challenging environment. Explicit tail risk hedging is essential to prepare for more frequent significant downturns, both to mitigate their effects and to potentially benefit from them.
UAE. The total number of IPOs in Q3 2014 was lower than the previous quarter where we saw seven offerings. However, the total value in Q3 2014 was US$ 1.6 billion, which is a 78% increase in total value compared to Q2 2014.
UAE. Saudi Arabia had the largest rail project pipeline in the region with over US$100bn, including the Riyadh Dammam High-Speed Rail, which is currently under study, along with the Eastern Province Municipality - Dammam Metro.