Company Insights Emirates NBD Banking & Finance Emirates NBD News Analysis Banking & Finance Mena investment banking fees surge past $1bn for year so far JP Morgan and HSBC remain the top fee-earning investment banks in the Middle East and North Africa, a new report has found, although a further slowdown in mergers and acquisitions could help regional banks boost their share. Total investment banking fees in the Mena amounted to $1.05 billion in the first nine months of 2022, […] October 24, 2022 Markets Gulf countries defy global gloom with bond sale plans Saudi Arabia, Mubadala and Emirates NBD are preparing to sell bonds and sukuk, despite market volatility that has put off other issuers October 18, 2022 Analysis Banking & Finance UAE government’s IPO juggernaut raises $13.3bn and counting A flurry of government-backed initial public offerings (IPOs) on the Dubai and Abu Dhabi stock markets has helped rejuvenate UAE bourses, as local and international investors seek exposure to the country’s buoyant economy. While Europe and the US fret over soaring inflation and likely recession, and most emerging market currencies wilt versus the dollar, Gulf […] October 12, 2022 Banking & Finance Zand CEO quits just months after UAE licence win Zand, the digital banking platform that secured its licence from the Central Bank of the UAE in July, is on the hunt for a new CEO. The bank, which has launched corporate services with personal banking to follow soon, announced a leadership change on Tuesday with Olivier Crespin, co-founder and CEO, moving on “to pursue […] October 11, 2022 Energy OPEC+ cuts: the media’s verdict Major stock markets in the Gulf rose in early trading on Thursday, joining the rise in oil prices following the announcement late on Wednesday October 5 that the oil alliance OPEC+ had agreed to cut production by about two million barrels per day, the largest reduction since 2020. OPEC+ agrees deep oil production cuts, Biden […] October 6, 2022 Economy Bleak economic forecast leads to UK companies setting up in UAE There has been a 23 percent year-on-year rise in UK companies setting up in the UAE. The increase comes as Britain contends with a stark economic outlook: the most recent forecast from the British Chambers of Commerce (BCC) predicts that there will be a recession before the end of this year, with inflation spiking to […] October 3, 2022 Construction Nakheel sold 29 homes on stalled Palm Jebel Ali, official data shows Palm Jebel Ali, the Dubai mega project set to be relaunched soon by developer Nakheel, sold a total of 29 homes before work on the project was halted in 2009. State-owned developer Nakheel has confirmed it was set to relaunch the manmade, palm-shaped, island project, which is said to be one-and-a-half times the size of […] September 28, 2022 EXCLUSIVE Construction Nakheel confirms relaunch of Palm Jebel Ali Dubai state-owned developer Nakheel has confirmed it is planning to relaunch the Palm Jebel Ali master project, as it looked to take advantage of record demand for real estate in the emirate. Palm Jebel Ali is one of a series of manmade, palm-shaped island projects off the coast of Dubai. Launched in 2002, it stalled […] September 28, 2022 Analysis Economy UAE staff told to wait until next year for salary increases The majority of UAE companies are resisting giving staff a boost in their salaries to help compensate for the rising cost of living, with most putting any increases off until next year. Reuters reported in August that Emirates NBD, Dubai’s largest bank, had given its staff a pay rise of up to eight percent to […] September 26, 2022 Health Abu Dhabi’s IHC acquires 15% stake in Burjeel Holdings Abu Dhabi-based International Holding Company (IHC) has purchased a 15 percent stake in healthcare provider Burjeel Holdings. The acquisition aims to diversify IHC’s investment in the healthcare sector locally and regionally, WAM, the UAE state news agency, reported. Founded in 2007, UAE-based Burjeel Holdings is a private healthcare services provider, with a growing presence in […] September 19, 2022 Posts navigation Previous 1 … 15 16 17 … 19 Next
Analysis Banking & Finance Mena investment banking fees surge past $1bn for year so far JP Morgan and HSBC remain the top fee-earning investment banks in the Middle East and North Africa, a new report has found, although a further slowdown in mergers and acquisitions could help regional banks boost their share. Total investment banking fees in the Mena amounted to $1.05 billion in the first nine months of 2022, […] October 24, 2022
Markets Gulf countries defy global gloom with bond sale plans Saudi Arabia, Mubadala and Emirates NBD are preparing to sell bonds and sukuk, despite market volatility that has put off other issuers October 18, 2022
Analysis Banking & Finance UAE government’s IPO juggernaut raises $13.3bn and counting A flurry of government-backed initial public offerings (IPOs) on the Dubai and Abu Dhabi stock markets has helped rejuvenate UAE bourses, as local and international investors seek exposure to the country’s buoyant economy. While Europe and the US fret over soaring inflation and likely recession, and most emerging market currencies wilt versus the dollar, Gulf […] October 12, 2022
Banking & Finance Zand CEO quits just months after UAE licence win Zand, the digital banking platform that secured its licence from the Central Bank of the UAE in July, is on the hunt for a new CEO. The bank, which has launched corporate services with personal banking to follow soon, announced a leadership change on Tuesday with Olivier Crespin, co-founder and CEO, moving on “to pursue […] October 11, 2022
Energy OPEC+ cuts: the media’s verdict Major stock markets in the Gulf rose in early trading on Thursday, joining the rise in oil prices following the announcement late on Wednesday October 5 that the oil alliance OPEC+ had agreed to cut production by about two million barrels per day, the largest reduction since 2020. OPEC+ agrees deep oil production cuts, Biden […] October 6, 2022
Economy Bleak economic forecast leads to UK companies setting up in UAE There has been a 23 percent year-on-year rise in UK companies setting up in the UAE. The increase comes as Britain contends with a stark economic outlook: the most recent forecast from the British Chambers of Commerce (BCC) predicts that there will be a recession before the end of this year, with inflation spiking to […] October 3, 2022
Construction Nakheel sold 29 homes on stalled Palm Jebel Ali, official data shows Palm Jebel Ali, the Dubai mega project set to be relaunched soon by developer Nakheel, sold a total of 29 homes before work on the project was halted in 2009. State-owned developer Nakheel has confirmed it was set to relaunch the manmade, palm-shaped, island project, which is said to be one-and-a-half times the size of […] September 28, 2022
EXCLUSIVE Construction Nakheel confirms relaunch of Palm Jebel Ali Dubai state-owned developer Nakheel has confirmed it is planning to relaunch the Palm Jebel Ali master project, as it looked to take advantage of record demand for real estate in the emirate. Palm Jebel Ali is one of a series of manmade, palm-shaped island projects off the coast of Dubai. Launched in 2002, it stalled […] September 28, 2022
Analysis Economy UAE staff told to wait until next year for salary increases The majority of UAE companies are resisting giving staff a boost in their salaries to help compensate for the rising cost of living, with most putting any increases off until next year. Reuters reported in August that Emirates NBD, Dubai’s largest bank, had given its staff a pay rise of up to eight percent to […] September 26, 2022
Health Abu Dhabi’s IHC acquires 15% stake in Burjeel Holdings Abu Dhabi-based International Holding Company (IHC) has purchased a 15 percent stake in healthcare provider Burjeel Holdings. The acquisition aims to diversify IHC’s investment in the healthcare sector locally and regionally, WAM, the UAE state news agency, reported. Founded in 2007, UAE-based Burjeel Holdings is a private healthcare services provider, with a growing presence in […] September 19, 2022
