Middle East

  • Saudi lands $3bn export financing agreement with Korea

    Saudi lands $3bn export financing agreement with Korea

    Saudi Arabia has secured an export financing agreement with Korea’s export credit agency and trade insurance corporation. The deal, which will bolster trade between the two, is the kingdom’s second ECA-backed deal.

  • Energean takes $700m loan to get Karish gas pumping

    Energean takes $700m loan to get Karish gas pumping

    Energean, the London-listed oil and gas company, has signed a $700m loan to develop a gas field off the shore of Israel, as the company enters the final stretch in having the field up and running.

  • Room for high yield EM credits 'no issue' as Oman returns for dollars

    Room for high yield EM credits 'no issue' as Oman returns for dollars

    The Sultanate of Oman's return to debt markets is proof to some that the market is wide open for high yielding emerging market issuers. The sovereign mandated banks for a dollar deal as investors, hunting for yield, appear undeterred by volatility in the US rates market.

  • Easing of GCC blockade on Qatar positive but not ‘ground-breaking’ for cap markets

    Easing of GCC blockade on Qatar positive but not ‘ground-breaking’ for cap markets

    The blockade imposed on Qatar by its Gulf neighbours in 2017 was lifted this week, with a gradual easing of all restrictions expected in the coming months. However, bankers and investors are skeptical that the move's "short-lived" effects will have a significant impact on regional capital markets, which have demonstrated resilience in recent years.

  • No holding back in buzzing EM as all trades fly

    No holding back in buzzing EM as all trades fly

    Emerging markets issuers of all flavours ignored convention and stormed into primary bond markets this week, with great success. Renewed warnings about increasing debt ratios in emerging nations were no match for an extraordinarily supportive technical picture as investors piled into deals — even as Democratic victories in US Senate run-offs pushed rates higher. Mariam Meskin and Oliver West report.

  • Flurry of Uzbek corps set to debut, diversification on horizon

    Flurry of Uzbek corps set to debut, diversification on horizon

    Diversification has taken hold in central Asia's Uzbekistan, which over the last two years has started its pivot towards international capital markets. According to sources, a plethora of debut deals is expected to hit markets in coming months.

  • Pandemic propels Gulf capital markets expansion

    Pandemic propels Gulf capital markets expansion

    The Gulf region has fared well this year, despite the double impact of the coronavirus pandemic and the drop in oil prices, according to Dr Jarmo Kotilaine, chief planning and monitoring officer at Bahrain’s Tamkeen and author of Trials of Resilience: How Covid-19 is driving economic change in the Arab Gulf. Kotilaine believes an expansion of capital markets activity in the region will be a key driver of economic growth in 2021.

Middle East News Archive