First Gulf Bank

Gemcorp Capital appoints former UK Middle East Trade Commissioner to lead regional expansion

Retrieved on: 
Monday, September 4, 2023
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DUBAI, United Arab Emirates, Sept. 03, 2023 (GLOBE NEWSWIRE) -- Gemcorp Capital Management today announces its expansion in the Middle East.

Key Points: 
  • DUBAI, United Arab Emirates, Sept. 03, 2023 (GLOBE NEWSWIRE) -- Gemcorp Capital Management today announces its expansion in the Middle East.
  • The new regional operation will be led by Simon Penney, formally His Majesty’s Trade Commissioner for the Middle East for the UK Government.
  • Under his tenure as the UK’s trade commissioner, trade with the region hit all-time highs alongside establishing multi-billion dollar investment partnerships with a number of Gulf countries.
  • "Gemcorp Capital has consistently demonstrated expertise in navigating the complexities of emerging markets, fostering capital investment and job creation and generating sustainable returns for its investors.”

Nicola Wealth Real Estate and First Gulf acquire Oakville development site slated for Industrial Condos

Retrieved on: 
Monday, May 9, 2022
Greater Toronto Area, First, GLOBE, Partnership, Organization, CAD, List of highways numbered 403, Growth, GTA, List of numbered roads in Halton Region, Acquisition, Property management, Western Canada, First Gulf Bank

Toronto, Ontario, May 09, 2022 (GLOBE NEWSWIRE) -- Nicola Wealth Real Estate (NWRE) and First Gulf announce their partnership in the acquisition of 574-576 Bronte Road in Oakville, Ontario.

Key Points: 
  • Toronto, Ontario, May 09, 2022 (GLOBE NEWSWIRE) -- Nicola Wealth Real Estate (NWRE) and First Gulf announce their partnership in the acquisition of 574-576 Bronte Road in Oakville, Ontario.
  • We are excited to further expand our industrial development pipeline in Ontario with First Gulf who is a trusted and reputable partner, says Ron Bastin, Director of Acquisitions at Nicola Wealth Real Estate.
  • To learn more about the Nicola Wealth Real Estate funds, visit realestate.nicolawealth.com
    Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with $12.1 billion (CAD) of assets under management.
  • To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate.

RioCan's capital recycling program continues to provide attractively priced capital

Retrieved on: 
Tuesday, November 2, 2021
The New Release, BGO, Trust, Greater Toronto Area, Pivot, Partnership, TSX, Pandemic, Risk, Nature, Income, First Gulf Bank, Growth, News, GLOBE, Sale, NOI, Bank, Security (finance), Risk management

TORONTO, Nov. 02, 2021 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (RioCan or the Trust) (TSX: REI.UN) today provided an update on its capital recycling program.

Key Points: 
  • TORONTO, Nov. 02, 2021 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (RioCan or the Trust) (TSX: REI.UN) today provided an update on its capital recycling program.
  • These transactions provide an attractively priced source of funding for existing growth opportunities that are expected to generate higher returns.
  • The proceeds will work hard for our Unitholders as the disposition program effectively repatriates capital to more beneficial uses, strengthening RioCans balance sheet and funding more diverse projects that generate higher returns.
  • In addition, capital partnerships established through the divestiture of partial interests further mitigates risk and generates consistent and sustainable fee income.

The Carnrite Group Opens Another International Office – This time in the UAE

Retrieved on: 
Thursday, July 22, 2021
Continents, World, Arabian Peninsula, Asia, Abu Dhabi, United Arab Emirates, Gulf Cooperation Council, First Gulf Bank, Advanced Global Trading

HOUSTON, July 22, 2021 (GLOBE NEWSWIRE) -- The Carnrite Group, a management consulting firm headquartered in Houston, Texas, USA, has opened a new office in the UAE.

Key Points: 
  • HOUSTON, July 22, 2021 (GLOBE NEWSWIRE) -- The Carnrite Group, a management consulting firm headquartered in Houston, Texas, USA, has opened a new office in the UAE.
  • Located in both Abu Dhabi Global Markets and Abu Dhabis Al Reem Island, the UAE office enhances Carnrites offerings for the Gulf Cooperation Council (GCC) region.
  • The UAE office was preceded by Carnrites expansion into the United Kingdom and Europe, marked by the opening of its London office in 2019.
  • The Carnrite Group (Carnrite) is a management consultancy focused primarily in the energy, industrial and private equity sectors.