GCC

Kuwait's Burgan Bank established a new EMTN programme on Sunday which has taken it one step closer to issuing in senior format.

Saudi Arabia could still print its widely anticipated bond in July, according to several EM syndicate bankers.

United Arab Bank’s has signed up four more banks to join the three initial leads on its latest $150m two year loan.

Oman on Wednesday printed the first benchmark sized note from the CEEMEA market since the UK’s vote to leave the European Union last Thursday sent markets into a tailspin.

UniCredit is expanding its business in the Middle East and is in the process of opening a new branch in Abu Dhabi.

Doha Bank has fully exercised an $80m greenshoe option on its Taiwan targeted syndicated loan, increasing its size to $180m.

Securities in National Bank of Abu Dhabi and First Gulf Bank shot up on Monday morning in reaction to the prospective merger of the two Middle East banks. The creation of a "national champion" would be a positive for the market, said bankers in the region.

Ooredoo executed a swift deal to snap up $500m ahead of the US Federal Reserve's interest rate meeting on Wednesday, printing inside its curve as demand for Middle East credits defied weak markets.

Bahrain-based Bank ABC is beefing up its capital markets business and has made two senior hires from Standard Chartered and First Gulf Bank.

National Bank of Abu Dhabi is betting big on India’s fast growing economy, after opening a branch in Mumbai last November. The bank has ambitious plans for south Asia, its chief executive for India told GlobalCapital Asia recently.

Abu Dhabi’s national energy company Taqa printed a $1bn dual tranche note in a market marred by Brexit concerns on Tuesday but bankers on the deal said the strength and rarity of the credit enabled it to transcend the weaker tone to print a strong trade.

Ooredoo finally opened books for a $500m no-grow 10 year bond on Wednesday after finishing investor meetings last week. With political risks and a US interest rate meeting posing risks to market stability, lead managers are hoping for a swift execution.