The Carlyle Group, the giant US private equity firm, has opened an office in the Dubai International Financial Centre. The Dubai office i...

The Carlyle Group, the giant US private equity firm, has opened an office in the Dubai International Financial Centre. The Dubai office is part of Carlyle's global expansion strategy, said David Rubenstein, the company's co-founder and managing director, in a statement. The office head is Paul Bagatelas, a former US diplomat and director with Credit Suisse and Citigroup in Dubai. Earlier this year it was reported that the Carlyle Group is planning an aggressive push into the Middle East with a dedicated fund of up to $1 billion.