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Kuwait joins PP party
The Iran war has led to a flurry of private trades from the Gulf
Even if ceasefire succeeds, investors will still want a risk premium
Funding costs and new issue premiums are much higher than GCC issuers are used to
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Abu Dhabi industrial investment company Senaat General Holding is refinancing a $500m revolving credit facility and reducing it to $400m, according to bankers close to the deal.
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The Dubai Gold and Commodities Exchange has signed up the Industrial and Commercial Bank of China as a clearing and settlement bank, which it hopes will ease its introduction of Shanghai gold futures.
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A former executive director at Goldman Sachs, with over 20 years' experience in the loan market, has become the head of corporate finance at Doha Bank in Qatar.
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Aberdeen Asset Management is beefing up its Middle East offering and has relocated two senior personnel to its first office in Abu Dhabi, which opened officially on Wednesday.
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The Nasdaq Dubai Futures Exchange has signed up National Bank of Abu Dhabi (NBAD) as a second market maker for its equity futures, after trading gained momentum in recent weeks.