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 BECO Capital and Dubai angel investors invested $1 million in TravelerVIP.com

beco travelervipBECO Capital, an investment firm based in Dubai, and a consortium of angel investors announced investing $1 million in the hotel booking website TravelerVIP.com.

The website offers its members up to 50% discount on luxury hotels and has deals with 1,000 hotels. The angel investors in this round included Soha Nashaat, former CEO of Barclays Wealth MENA & Turkey, and Jakob Beck Thomsen, CEO of SaxoBank MENA & Turkey.

BECO Capital is listed in the Middle East Investors Directory with the code SINOC9.

More details follows

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 Saudi family office acquired Four Seasons Toronto for $200 million

saudifamilyoffice-3.jpgKingdom Holding, a Saudi family office, has acquired Four Seasons Toronto Canada for $200 million.

The Four Seasons Hotel Toronto offers 259 spacious luxury hotel guest rooms, including 42 suites, in Toronto's Yorkville neighborhood.

Kingdom Holding Company is listed in the Middle East Investors Directory with the code BFD84.

More details follows

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 Saudi private equity firm invested $45 million in 10 global companies

sedco2.jpgSedco, a Saudi private equity firm, has invested $45 million in 10 global companies in the past months - Reuters is reporting.

Sedco’s private equity fund which is launched a year ago has raised $113 million of which 40 percent is invested in 10 companies globally. Sedco has also invested globally in real estate and currently eyes Asian markets as well. The two-year old Jeddah-based firm manages about $3 billion in assets.

Sedco is listed in the Middle East Investors Directory with the code ORP18.

More details follows from Reuters

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 Bahrain's Investcorp acquires Scandinavia's luxury retailer for $140 million

investcorp-georgjensen.PNGInvestcorp, a Bahrain-based investment firm, acquired Scandinavia's luxury retailer Georg Jensen for $140 million.

With a history that spans over 100 years, Georg Jensen is a global luxury brand that designs, manufactures and distributes jewellery, watches, fine silverware and homeware.

Investcorp is listed in the Middle East Investors Directory with the code OR30.

More details follows

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 DubaiBeat.com an official partner of the Global Citizenship Conference Dubai

dubaibeat-grcc.pngIt is a pleasure for us to announce that DubaiBeat.com is an official media partner of the Global Residence & Citizenship Conference - Dubai 2012 which will be held 21-22 November 2012 at Madinat Jumeirah Mina A’Salam Hotel, Dubai, UAE.

Henley & Partners & IBC Present the 6th Annual Global Residence & Citizenship conference. 200 attendees joined the 2011 conference in London where the premier residence and citizenship event in the private client calendar boasted two ministerial addresses, one from the UK & St Kitts & Nevis.

Among other partners of the event you can find Financial Times, National Bank Financial and Finance Malta. See more details and a list of speakers.


 Link Online acquires web portal Arabia.com

linkonline-dubaibeat.jpgEgyptian investors of Link Online, a subsidiary of OT Ventures, announced the acquisition of Arabia.com, an Arabic web portal.

They have chosen Dubai to be the hub of launching the new look of Arabia.com. OT Ventures' subsidiary Link Online, launched in 2004, has been the force behind some portals including Masrawy.com, Yallakora.com, and Otlob.com and most recently the launch of Jawhara.me, which took place in Dubai.

To see more investors from the Middle East like Egypt's OT Ventures, check our Middle East Investors Directory

More details follows from their release

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 Kuwait Investors acquired land in Morocco for $53 million

kuwait-taameer.jpgKuwait investors of Taameer Real Estate Investment have acquired a plot of land in Morocco for $53 million to develop a real estate project - Kuwait News Agency reports.

The project will involve the construction of a hotel, a mall, villas, and residential apartments, Fawaz Al Bader, the company's chief executive said, according to Zawya Dow Jones, adding that the plot of land, valued at KWD1.2 million, covers an area of 35,000 square meters in Tangier city.

To see more Real Estate investors from the Middle East like Taameer, check our Middle East Investors Directory


 DubaiBeat.com an official partner of the SuperReturn ME Conference 2012

db-super2012.jpgIt is a pleasure for us to announce that DubaiBeat.com is an official media partner of the 6th Annual SuperReturn Middle East 2012 which is being held 15-17 October 2012 at Ritz-Carlton, Dubai International Finance Center.

SuperReturn Middle East brings together global experts from around the region and the world. The largest private equity event in the MENA region returns for 2012 with its line-up of regional investors, international fund managers, and guest speakers.

Among other partners of the event you can find Abraaj Capital, HBG, Citadel and Citi. See more details here




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