Nicolas Parasie

Dubai

Reporter at Bloomberg News

Reporter for @business in the Middle East.

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Articles

Citigroup Turns to 25-Year Veteran for Middle East Wealth Push

1 week ago | bloomberg.com | Nicolas Parasie

Carmen Haddad(Bloomberg) -- Citigroup Inc. tasked Carmen Haddad with a new, senior role in the firm’s wealth division in the Middle East as the firm looks to deepen its ties with affluent royals and other family offices across the region. Haddad will transfer from Citi’s client organization side and serve as vice chairman in the firm’s private bank, according to a memo to staff seen by Bloomberg.
KKR Names Petraeus Mideast Chair, Sets Up Local Investments Team

1 week ago | news.bloombergtax.com | Nicolas Parasie

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
KKR Names Petraeus Mideast Chair, Sets Up Local Investments Team

1 week ago | bloomberg.com | Nicolas Parasie

David Petraeus(Bloomberg) -- KKR & Co. appointed former US General David Petraeus as chairman of its Middle East franchise and is setting up a local investment team, the latest major private equity firm to bolster its presence in the oil-rich region. Petraeus is a former CIA director and was commander of US troops in Iraq and Afghanistan.
KKR Names Petraeus Mideast Chair, Sets Up Local Investments Team

1 week ago | news.bloomberglaw.com | Nicolas Parasie

KKR & Co. appointed former US General David Petraeus as chairman of its Middle East franchise and is setting up a local investment team, the latest major private equity firm to bolster its presence in the oil-rich region. Petraeus is a former CIA director and was commander of US troops in Iraq and Afghanistan. KKR will look to build on his Middle Eastern network to strengthen ties with top officials and dealmakers in a region that’s home to wealth funds that control trillions of dollars.
Brookfield Has Billions Riding on a Private Equity Revival in the Middle East

1 week ago | bloomberg.com | Nicolas Parasie

First came the Wall Street banks and then the global hedge funds. Now, a wave of private equity firms led by New York-based Brookfield Asset Management are also setting their sights on the oil-rich Middle East to spur deals and profits. While this month’s dramatic plunge in crude prices highlights the risks of a region that’s reliant on oil revenues, they’re intent on investing in economies where vast government diversification drives have fueled a financial boom.
Lazard’s Top Middle East Fund Manager Mourad Set to Leave Firm

1 week ago | bloomberg.com | Nicolas Parasie

Lazard Inc. signage in New York, US, on Friday, Sept. 6, 2024. Many young Wall Street bankers are hungry for interesting work and willing to put in long hours, Lazard Inc. Chief Executive Officer Peter Orszag said, as the industry grapples with how to manage the workloads of its junior employees.
First Abu Dhabi Bank Loses Three Executives, Adding to Staff Churn

2 weeks ago | bloomberg.com | Nicolas Parasie |Omar Tamo

A First Abu Dhabi Bank branch in Abu Dhabi. Photographer: Christopher Pike/Bloomberg(Bloomberg) -- Three more senior executives are leaving First Abu Dhabi Bank PJSC, the emirate’s top lender that recently underwent a sweeping internal reorganization. The bank’s chief credit officer, Neil Barrable, is departing for personal reasons less than a year after he was hired, people familiar with the matter said, asking not to be named because the information is private.
Peter Thiel’s Valar, Saudi Arabia’s Sanabil Back Commerce Firm

2 weeks ago | bloomberg.com | Omar El Chmouri |Nicolas Parasie

Peter Thiel(Bloomberg) -- The venture capital arm of Saudi Arabia’s sovereign wealth fund and Peter Thiel’s Valar Ventures are jointly leading a $110 million funding round in SILQ Group, a newly formed commerce platform. Sanabil Investments, a wholly owned subsidiary of the $925 billion Public Investment Fund, and Valar are joining a group of investors that includes Qatar Development Bank, according to a statement.
Peter Thiel’s Valar, Saudi Arabia’s Sanabil Back Commerce Firm

2 weeks ago | news.bloomberglaw.com | Omar El Chmouri |Nicolas Parasie

The venture capital arm of Saudi Arabia’s sovereign wealth fund and Peter Thiel’s Valar Ventures are jointly leading a $110 million funding round in SILQ Group, a newly formed commerce platform. Sanabil Investments, a wholly owned subsidiary of the $925 billion Public Investment Fund, and Valar are joining a group of investors that includes Qatar Development Bank, according to a statement.
Peter Thiel’s Valar, Saudi Arabia’s Sanabil Back Commerce Firm

2 weeks ago | news.bloombergtax.com | Omar El Chmouri |Nicolas Parasie

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.