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THIS MORNING: Somalia cancels ports, defense contracts with the UAE + Emirates NBD tees up debut AED-denominated DNN notes
Plus: What a potentially weaker USD means for the GCC this year, according to ENBD
THIS MORNING: Abu Dhabi Sustainability Week kicks off, with several African leaders in attendance
Plus: Hessa Street should get a little less busy
Oman’s economic vision: banking as a catalyst for strategic sectors
Oman stands at a pivotal juncture in its economic journey, propelled by the ambitious directives of Oman Vision 2040. As…
Emirates NBD, Aldar scout investors for first debt issuances of the year
Emirates NBD is eyeing a dual-tranche blue and green bond offering, while Aldar is eyeing a hybrid bond
THIS MORNING: Fuel prices slashed for January + Minimum wage hiked for Emiratis
Plus: Major banks begin phasing out OTP texts
Banks in the UAE had a good year
The country’s top 10 banks’ aggregate bottom line rose 4.3% q-o-q to AED 23.6 bn
UAB lands AED 1 bn in fresh funding
Drawdowns will be used to meet the bank’s general corporate needs
Mashreq returns to syndicated loan market after 11 years with USD 2 bn syndicated loan
The facility was 3x oversubscribed
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