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Adnoc Gas, Dewa, Salik join MSCI Emerging Markets Index + Apex Investment, Bank of Sharjah added to Small Cap Index
Adnoc Gas is now the third Adnoc subsidiary to join the MSCI EM Index
1Q 2025 sees uptick in bottom line for Bank of Sharjah and NCC, while Phoenix’s falls
Phoenix reported a net loss during the quarter
Bank of Sharjah, Response Plus, and Dubai Investments post 2024 earnings
Bank of Sharjah turned to the black in 2024
Adnoc Drilling looks to raise USD 1 bn to refinance debt, drive expansion
The company has USD 750 mn in debt due in 4Q 2025
Sharjah gov’t issues EUR 500 mn bonds, with order book 3.5x oversubscribed
71% of demand came from investors outside the MENA region
Bank of Sharjah names Sridhar Karlapudi as its new COO + Intel taps Taha Khalifa as general manager for the Middle East and Africa
Prior to joining Bank of Sharjah, Karlapudi served as COO at Ahli United Bank in the UK
THIS MORNING: Pearl Petroleum to issue USD 300 mn bonds? + Dubai slashed 29% emissions last year
Plus: UAE residents can soon get e-visas on arrival for Indonesia
Sharjah gov’t issues second sukuk this year
The issuance drew USD 2.6 bn in orders
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