Company Insights Emirates NBD Banking & Finance Emirates NBD News Economy Saudi economy grows 1.3% in 2024 after Q4 surge Saudi Arabia’s economy grew by 1.3 percent in 2024 driven by a surge in the fourth quarter and growth in non-oil activities. Real GDP growth increased to 4.4 percent year on year in the last three months of 2024, having remained around 1.6 percent in the first half of the year. Growth in the non-oil […] January 30, 2025 Banking & Finance Emirates NBD shares tumble as dividend proposal disappoints Emirates NBD shares tumbled on Wednesday after Dubai’s biggest bank announced a lower dividend for 2024, despite its annual profit rising 7 percent year on year. The bank, which is majority owned by Dubai government institutions, proposed a dividend of AED1 ($0.27) per share, down from AED1.2 per share in 2023. Shares fell 9.3 percent […] January 29, 2025 Finance Aldar secures $2.5bn credit facility to support growth Aldar Properties, Abu Dhabi’s largest developer, has raised AED9 billion ($2.5 billion), taking its overall liquidity to AED27 billion to back its ongoing growth initiatives. The sustainability-linked multi-tranche revolving credit facility attracted orders from 15 global and regional financial institutions. The facility, which has a five-year tenor and incorporates conventional and Islamic tranches across AED […] January 13, 2025 Logistics ADQ unit explores offer to buy Aramex stake in cash A subsidiary of Abu Dhabi Development Holding Company (ADQ), a sovereign wealth fund, intends to submit an offer to buy 100 percent of the shares in Dubai-listed logistics company Aramex not already owned by Abu Dhabi Ports Company. Shareholders accepting the offer of Q Logistics Holding, an indirect subsidiary of ADQ Development Holding, will be […] January 13, 2025 Finance Order book for Aldar hybrid notes hits nearly $5bn Aldar Properties, which trades on the Abu Dhabi Securities Exchange (ADX), said the order book for its inaugural $1 billion hybrid capital issuance exceeded $4.9 billion from global institutional investors. The issuance, oversubscribed by 3.8 times, will provide the developer with financial stability and resilience. The proceeds will support the transformational growth plan and strategic […] January 10, 2025 Opinion Banking & Finance Stable, if lacking excitement: the outlook for Gulf banks GCC banks are well capitalised, have low cost-to-income ratios and have been generating healthy profits January 8, 2025 Opinion Banking & Finance The rise of AI and the fall of cash: 5 banking trends for 2025 Customers are becoming more demanding, tech is evolving and neobanks are disrupting the status quo January 6, 2025 Real Estate New rental index for Dubai to curb rises and disputes A new residential rental index to help tame a property market strained by soaring rents and landlord-tenant disputes has been unveiled in Dubai. The Dubai Land Department (DLD) launched the Smart Rental Index on Thursday. The tool regulates rent increases by tying adjustments to individual property and building ratings, replacing a district-based model that grouped […] January 2, 2025 Analysis Markets Low spreads propel UAE dollar bond issuance to four-year high UAE dollar bond sales in 2024 have hit the highest annual total in at least four years, as corporate and government bodies take advantage of historically low spreads. Issuance in 2025 may reach similar levels, observers believe, as issuers refinance maturing debt. Fifty separate UAE dollar-denominated bond issuances totalled $37.9 billion in the year to […] December 31, 2024 Real Estate Two UAE banks fund London property buyout Emirates NBD and Abu Dhabi Islamic Bank (ADIB) have funded the acquisition of a student accommodation property in London for £140 million ($176.23 million). The property, Paddington Citi View, has 353 premium bedrooms in a high-demand location, 100 metres from London’s Paddington Station. It is ideally situated for top academic institutions across the city, the Emirati […] December 19, 2024 Posts navigation Previous 1 2 3 4 … 19 Next
Economy Saudi economy grows 1.3% in 2024 after Q4 surge Saudi Arabia’s economy grew by 1.3 percent in 2024 driven by a surge in the fourth quarter and growth in non-oil activities. Real GDP growth increased to 4.4 percent year on year in the last three months of 2024, having remained around 1.6 percent in the first half of the year. Growth in the non-oil […] January 30, 2025
Banking & Finance Emirates NBD shares tumble as dividend proposal disappoints Emirates NBD shares tumbled on Wednesday after Dubai’s biggest bank announced a lower dividend for 2024, despite its annual profit rising 7 percent year on year. The bank, which is majority owned by Dubai government institutions, proposed a dividend of AED1 ($0.27) per share, down from AED1.2 per share in 2023. Shares fell 9.3 percent […] January 29, 2025
Finance Aldar secures $2.5bn credit facility to support growth Aldar Properties, Abu Dhabi’s largest developer, has raised AED9 billion ($2.5 billion), taking its overall liquidity to AED27 billion to back its ongoing growth initiatives. The sustainability-linked multi-tranche revolving credit facility attracted orders from 15 global and regional financial institutions. The facility, which has a five-year tenor and incorporates conventional and Islamic tranches across AED […] January 13, 2025
Logistics ADQ unit explores offer to buy Aramex stake in cash A subsidiary of Abu Dhabi Development Holding Company (ADQ), a sovereign wealth fund, intends to submit an offer to buy 100 percent of the shares in Dubai-listed logistics company Aramex not already owned by Abu Dhabi Ports Company. Shareholders accepting the offer of Q Logistics Holding, an indirect subsidiary of ADQ Development Holding, will be […] January 13, 2025
Finance Order book for Aldar hybrid notes hits nearly $5bn Aldar Properties, which trades on the Abu Dhabi Securities Exchange (ADX), said the order book for its inaugural $1 billion hybrid capital issuance exceeded $4.9 billion from global institutional investors. The issuance, oversubscribed by 3.8 times, will provide the developer with financial stability and resilience. The proceeds will support the transformational growth plan and strategic […] January 10, 2025
Opinion Banking & Finance Stable, if lacking excitement: the outlook for Gulf banks GCC banks are well capitalised, have low cost-to-income ratios and have been generating healthy profits January 8, 2025
Opinion Banking & Finance The rise of AI and the fall of cash: 5 banking trends for 2025 Customers are becoming more demanding, tech is evolving and neobanks are disrupting the status quo January 6, 2025
Real Estate New rental index for Dubai to curb rises and disputes A new residential rental index to help tame a property market strained by soaring rents and landlord-tenant disputes has been unveiled in Dubai. The Dubai Land Department (DLD) launched the Smart Rental Index on Thursday. The tool regulates rent increases by tying adjustments to individual property and building ratings, replacing a district-based model that grouped […] January 2, 2025
Analysis Markets Low spreads propel UAE dollar bond issuance to four-year high UAE dollar bond sales in 2024 have hit the highest annual total in at least four years, as corporate and government bodies take advantage of historically low spreads. Issuance in 2025 may reach similar levels, observers believe, as issuers refinance maturing debt. Fifty separate UAE dollar-denominated bond issuances totalled $37.9 billion in the year to […] December 31, 2024
Real Estate Two UAE banks fund London property buyout Emirates NBD and Abu Dhabi Islamic Bank (ADIB) have funded the acquisition of a student accommodation property in London for £140 million ($176.23 million). The property, Paddington Citi View, has 353 premium bedrooms in a high-demand location, 100 metres from London’s Paddington Station. It is ideally situated for top academic institutions across the city, the Emirati […] December 19, 2024
