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FINANCIAL NEWS
Rasmala launches two funds in UAE
22 Dec 2015
(MENAFN) Rasmala, the London-based investment manager intends to launch two funds concentrated on the UAE next year, although oil prices slow down the economy.
Moreover, the firm invests in Europe, the United States, Middle East and Africa over different funds from real estate to leasing; it now has USD 1.1bn assets.
In addition, Rasmala is investing in the UAE despite oil fall to an 11-year low, which will hit government incomes and decrease the economy.
“Wherever oil is at, people have to make investment decisions with the capital they have, and sometimes when you have less capital you have to manage the capital even better,” said chief executive.
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