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MENA M&As survive on mid-size deals and SWFs

MENA M&As survive on mid-size deals and SWFs

Modest recovery is expected in mergers and acquisitions across MENA next year, with most driven by mid-size restructuring. Not a bad start for 2012, but not great either.

September 26, 2011 12:25
 
Paradise in Abu Dhabi…going, going, hopefully not gone

Paradise in Abu Dhabi…going, going, hopefully not gone

Hurrah! Hotels are popping up in Abu Dhabi like mushrooms! Hopefully, someone’s looking after the flora and fauna of the emirate as these projects are constructed around them.

September 25, 2011 4:03
 

Dubai 2010 real GDP up 2.8 percent, beats estimate

Economic growth up from June estimate of 2.4 percent; GDP shrank by 2.4 percent in 2009

September 25, 2011 10:03
 
On thin ice: Abu Dhabi wealth fund ADIA wary on global growth

On thin ice: Abu Dhabi wealth fund ADIA wary on global growth

Says global economic growth to stay "hesitant"; Annualised 20-yr and 30-yr returns rises in 2010 vs 2009; Expects equity returns to revert back to historical levels

September 13, 2011 1:14
 

Abu Dhabi’s NBAD issues $20M at 4.8percent in private placement

National Bank of Abu Dhabi (NBAD) , the largest bank by market value in the UAE issued $20 million in a private placement under its existing bond programme, a statement said on Monday.

September 12, 2011 11:58
 
NBAD reports AED1.15B increase in SME deposits

NBAD reports AED1.15B increase in SME deposits

The National Bank of Abu Dhabi (NBAD) has opened a new business banking centre in Abu Dhabi’s to cater to the rise in its SME clients in this year.

September 6, 2011 4:00
 
Security blanket—’safety’ boosts Abu Dhabi hotel stays

Security blanket—’safety’ boosts Abu Dhabi hotel stays

Safety becomes main feature for travellers opting for Abu Dhabi for vacation, resulting in hotel revenues reaching AED2.53 billion so far in 2011 and as occupancy levels rising to 65 percent in July.

September 6, 2011 2:00
 
Islamic Finance: worth banking on?

Islamic Finance: worth banking on?

The $1 trillion Islamic finance industry has faced some challenges with financial distress becoming the norm. Can Islamic financial institutions be any more ethical, asks E. Shahid.

September 3, 2011 4:12
 
Bills, bills, bills —Masdar walks the talk in 5-year social experiment

Bills, bills, bills —Masdar walks the talk in 5-year social experiment

Masdar monitoring its student's bills sounds somewhat invasive. But it’s a step forward (albeit a small and cautious one) toward actually practicing what the company is preaching. Will follow suit?

August 28, 2011 2:15
 
No go for gold—take back the housewarming gift and give real customer service

No go for gold—take back the housewarming gift and give real customer service

For Precious de Leon, Abu Dhabi’s Bawabat Al Sharq gets a silver star for trying but is holding out on the gold for when their ace aftersales are rolled out.

August 22, 2011 1:22
 

Abu Dhabi lenders execute first Islamic repo trade

National Bank of Abu Dhabi and Abu Dhabi Islamic Bank executed the Gulf region's first sharia-compliant repo transaction, the two lenders said on Tuesday, in a move that will help mop up liquidity.

August 3, 2011 11:14
 

Abu Dhabi’s UNB says no mandates given for bond sale

Abu Dhabi's Union National Bank said on Tuesday it has not mandated banks for a bond issue and would consider a sale only when market conditions allowed - Reuters

July 26, 2011 11:49
 

Abu Dhabi says 2010 nominal GDP rose 15.9 percent

Abu Dhabi GDP at AED620.2 billion in 2010 vs AED546.5 billion in 2009; Oil made up 49.7 percent of Abu Dhabi GDP in 2010; Average crude production at 2.3 million bpd in 2010 - Reuters

July 26, 2011 11:41
 
Beat the Heat in the UAE

Beat the Heat in the UAE

Stuck here for the summer? Well make the most of it and check out these places to escape the summer heat without having to cross borders.

July 25, 2011 4:08
 
Humpty House: Dubai house prices to fall another 10 percent –poll

Humpty House: Dubai house prices to fall another 10 percent –poll

A Reuters poll sees the Dubai real estate market continues to be oversupplied by 30 percent while Abu Dhabi prices are also expected to fall another 15 percent before steadying.

July 20, 2011 11:37
 
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