Two new private equity firms have launched in Iraq and Oman.
In Iraq, Trade Bank of Iraq plans to set up a $500 million private-equity fund and is looking to identify a global player to act as the fund's general partner.
In Oman, the Financial Corporation (FinCorp) launched Oman's first private equity fund with a capital of $51.9 million. The primary objective of the Oman Private Equity Fund is to make private equity investments in select local companies and those firms that have cross border linkages.
To see a full listing of Middle Eastern private equity investors and funds, check our Middle East Investors Directory
More details follows from Reuters and Zawya