Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
More articles/Ad
More articles/Ad
More articles
-
in the GCC Financial Markets :LTIT Although the GCC financial markets have generally seen a gradual consolidation of their recovery after the turbulence of the spring, they continue to be characterized by a paradox. In the words of Chief Economist Dr Jarmo Kotilaine of the National Commercial Bank : "At a time when economic growth in the region is accelerating, the performance of most market segments is uneven at best and typically marked by considerable intra-regional variation. While the subdued mood is partly due to country-specific factors, the markets have been above all hit by the intense global uncertainty." This state of affairs highlights the reality that the economic recovery in the Gulf still continues to be heavily linked to the strength of the hydrocarbons sector and to increased public sector spending.
-
Although the GCC financial markets have generally seen a gradual consolidation of their recovery after the turbulence of the spring, they continue to be characterized by a paradox. In the words of Chief Economist Dr Jarmo Kotilaine of the National Commercial Bank : "At a time when economic growth in the region is accelerating, the performance of most market segments is uneven at best and typically marked by considerable intra-regional variation. While the subdued mood is partly due to country-specific factors, the markets have been above all hit by the intense global uncertainty." This state of affairs highlights the reality that the economic recovery in the Gulf still continues to be heavily linked to the strength of the hydrocarbons sector and to increased public sector spending.
-
Abu Dhabi National Takaful Company (Takaful) has today posted a net profit of AED21m ($5.72m) for the first nine months of 2011, compared to AED16m for the same period last year. Technical profit up to the end of Q3 was AED35.2m, up 18% from AED29.9m.
-
London headquartered global law firm Freshfields Bruckhaus Deringer has hired Tarek El-Assra as Dubai-based counsel . He joins from Allen & Overy and brings experience of advising both banks and companies on Islamic finance as well as conventional finance transactions.