Search Results for: Emirates NBD
UAE private sector business activity rebounds from 30-month low
December 8th, 2015
The economies of Saudi Arabia and the UAE showed a mild improvement in November, according to a monthly survey of businesses. But economists believe that the impact of low oil prices and a slowdown in infrastructure spending will lead ...
Dubai private sector growth hits five-year low amid ‘travel and tourism contraction’
November 9th, 2015
Dubai’s private sector recorded its slowest growth in more than five years last month. Expansion of business activity was at a 68-month low with a slowdown in the travel and tourism sector particularly prominent, according to the Emirates NBD ...
Saudi money market turmoil shows bank jitters over bond issues
August 17th, 2015
Longer-term money rates, dollar/riyal forwards surge Banks easily absorb last week’s sovereign bond issue Multi-year issuance programme could be different Official secrecy around bond plans adds to jitters Some see eventual pressure on FX peg, but CDS show no ...
Lower Oil Revenues See Saudi-Arabia Open Up Stock Exchange
June 18th, 2015
Saudi Arabia may be rich enough to weather the current trend of low oil prices, but it’s losing money nonetheless and has found a way that it believes could help make up for the loss: opening its stock market ...
Top companies in the Arab World 2015
June 15th, 2015
The UAE features heavily in the Forbes Middle East study into the top-performing companies in the Arab World. Find out which firms made the top 10 1st: Sabic. The list was based on disclosed financial statements for 2014, collated ...
Saxo Bank gets more personal with clients amid trend to go digital
June 15th, 2015
As banks push ahead with digital services and scale back their branch networks, one investment bank says its retail brokerage business is growing in part because of the human touch. Fadi Mehdi, the head of Saxo Bank’s representative office ...
Dubai Parks and Resorts Launches Dhs2.5bn IPO On DFM
November 17th, 2014
Dubai Parks and Resorts, the recently-created subsidiary of Dubai-based developer Meraas Holding, which is building a mega theme park complex in the emirate, announced on Monday that it has launched its Initial Public Offering (IPO) on the Dubai Financial ...
DIFC Investments prices $700 million Sukuk
November 5th, 2014
Ahead of the Sukuk issuance, DIFCI was assigned a BBB- issuer credit rating by S&P. Shortly after receiving its credit rating, DIFCI undertook an extensive marketing strategy covering Abu Dhabi, Dubai, Hong Kong, Singapore, and London. The main aim ...
Goldman Sachs revises price guidance on debut sukuk
September 16th, 2014
Goldman Sachs (GS.N) will complete a $500 million debut sukuk issue later on Tuesday, with price guidance tightened slightly from earlier indications due to strong demand from investors, a document from lead managers showed on Tuesday. The latest price ...
Dana Gas secures $100 million project financing for UAE offshore gas field
September 10th, 2014
This facility will contribute the debt component of the financing needed to complete the project and bring the Zora gas field on-stream. The credit facility, with Emirates Bank NBD Capital Limited as Initial Mandated Lead Arranger, Bookrunner and Coordinator, ...
