Search Results for:

Filters

|

Showing 938 Results

Date

THIS MORNING: CBUAE holds rates steady, again + ADGM proposes amendments to expand authority for tighter oversight

... on the Fed’s decision in Planet Finance, below, and a deep dive into the outlook for debt and equity markets ahead of the potential resumption of its easing cycle later this year in this morning’s Capital Markets section. WEATHER- The mercury in Dubai peaks at 45°C, dropping to a sticky 34°C after sunset. Abu Dhabi will also see temperatures reach 45°C, with a humid night ahead at...

Thursday, 31 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

Enec is doubling down on nuclear energy in the US

... customers in regulated sectors like finance, healthcare, and government.DISPUTES-Al Mazaya subsidiary sues over Dubai construction defects: A subsidiary of DFM-listed Kuwaiti firm Al Mazaya Holding filed a lawsuit in Dubai against a contracting company, subcontractors, and a consulting firm, alleging structural defects in buildings they developed, according to a DFM disclosure (pd...

Thursday, 31 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

Amea’s Cox inks EUR 250 mn agreement for desalination and wind power in Morocco + DIB, Emirates NBD lend to firms overseas

... liquidity. #2- DIB strikes Islamic finance agreement with Turkish carrier: Dubai Islamic Bank (DIB) has signed a 12-year Islamic finance lease agreement with national carrier Turkish Airlines to finance its purchase of a new Airbus A350-941, according to a press release. This marks the first shariah-compliant finance agreement signed by Turki...

Wednesday, 30 July 2025

MOVES | EnterpriseAM UAE

Investcorp Capital, Aliph tap new heads + HSBC appoints new co-head of CM and advisory

... roles include serving as executive finance director at Aldar and chief financial officer at Waha Capital.Private equity firm Aliph Group appointed Hanadi Al Ali (LinkedIn) as managing director to lead its expansion in Saudi Arabia, according to a press release. She was previously vice-president of placement and advisory at Malaz Capital, a Saudi-based investment management company...

Tuesday, 29 July 2025

INVESTMENT WATCH | EnterpriseAM UAE

Adia named the strongest sovereign wealth fund brand globally by Brand Finance

... A+ rating, according to a Brand Finance report (pdf). The Public Investment Fund (PIF) came in second with a BSI score of 62.9, followed by Norges Bank Investment Management in third place with a score of 58.3.The details: Adia performed strongly in brand awareness, with a score of 8.75, “indicating a strong presence and familiarity within the industry and among key stakeholders.”...

Tuesday, 29 July 2025

THIS MORNING: Abu Dhabi to invest in major tourism project in Oman + EGA Eyes Ghana’s bauxite project

... construction, manufacturing, and finance saw steady 3% increases. Retail posted a 4% rise, and accommodation and food services edged up 2%. PSA- UAE banks will reportedly increase international credit and debit card transaction fees to 3.14% starting 22 September, several local news outlets report (here, here, and here), citing a notice to clients from one bank. The surcharge ...

Tuesday, 29 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

DAE secures 10 Boeing amid fleet reshuffle + Enec eyes international nuclear projects with Hyundai

... preliminary approval for Open Finance Framework: The Central Bank of the UAE (CBUAE) granted in-principle approval to Saudi-based fintech infrastructure provider Lean Technologies to operate under its Open Finance Framework, according to a press release (pdf). Lean will provide instant account-to-account payments, lending solutions, and financial management tools thr...

Tuesday, 29 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

Maldives inaugurates ADFD-backed expansion at Velana Airport

DEVELOPMENT FINANCE- ADFD-backed Maldives airport opens: The Abu Dhabi Fund for Development (ADFD) attended the inauguration of Maldives’ Velana International Airport after providing AED 330.5 mn in financing towards the project, state news agency Wam reports. The expansion increases the airport's capacity to 7 mn annual passengers, including through a new international terminal. The ...

Monday, 28 July 2025

THIS MORNING: Enec eyes US nuclear energy projects + Opec+ to keep oil policy steady today?

... and defense accounting for 7.5%, finance and ins. came in at 7%, and 5.7% came from the real estate sector.#2- Some 395.3 mn people used Dubai’s public transport in 1H 2025, a 9% uptick y-o-y, according to a press release from Dubai’s Roads and Transport Transport Authority. Daily ridership averaged 2.2 mn, up from 2 mn during the same period last year.The breakdown: 143.9 mn peop...

Monday, 28 July 2025

PLANET FINANCE | EnterpriseAM UAE

Continuation funds boom as private equity faces a frozen exit market

... schedule: Real estate financier Amlak Finance has fully settled its remaining AED 898 mn in financial obligations, completing all payments 15 months ahead of the October 2026 contractual deadline, according to a press release (pdf). The firm has settled AED 10.2 bn with 29 financiers since 2014. The company utilized proceeds from land asset sales (here and here) after deciding to ...

Friday, 25 July 2025

PLANET FINANCE | EnterpriseAM UAE

Waning trust in US Treasuries drives record demand for EM bonds

... Goulden told the FT.ALSO FROM PLANET FINANCE-Asset managers are launching active ETFs at a record pace, to capitalize on growing investor interest in products that aim to outperform traditional passive index trackers. During 1H 2025 alone, 476 active ETFs debuted across the US and Europe, marking twice the 234 new passive funds launched over the same period. (Financial Times)MARKE...

Thursday, 24 July 2025

THIS MORNING: Three or five IPOs before the end of the year? + CBUAE, Presight form tech JV focused on financial markets

... card scheme Jaywan, and the open finance network. It could also include developing a real-time gross settlement system. #5- EAD publishes climate change adaptation roadmap for Abu Dhabi: Abu Dhabi’s Environmental Agency has launched a 25-year roadmap to protect Abu Dhabi’s natural resources from the growing threats of climate change, according to a statement. The plan, covering t...

Thursday, 24 July 2025

THIS MORNING: Abu Dhabi’s minority stake in Telegraph gets greenlight from UK lawmakers + Dubai’s one freezone passport goes live

... handling, catering, IT, HR and finance. DATA POINTS- #1- UAE tops global safety rankings: The UAE ranks as the world's safest country in Numbeo's 2025 mid-year index, scoring 85.2 points. Andorra follows at 84.8 points, with Qatar (84.6), Taiwan (83.0) and Macau (81.8) completing the top five. The UAE also topped Numbeo’s report earlier this year. The safety index considers facto...

Wednesday, 23 July 2025

PLANET FINANCE | EnterpriseAM UAE

Trump’s tariff blitz could choke China’s alternative exporting routes

... third-country partners.ALSO FROM PLANET FINANCE-JP Morgan may soon let clients borrow using cryptocurrencies, a sharp shift from CEO Jamie Dimon’s earlier crypto criticism. While JP Morgan won’t hold crypto directly, it could partner with firms like Coinbase to manage crypto assets. The bank already lends against crypto-linked ETFs, and is expanding to actual tokens in a bid to ou...

Wednesday, 23 July 2025

M&A WATCH | EnterpriseAM UAE

Jewelry powerhouse Damas acquired by Indian jeweler Titan

... internal accruals, and equity will finance the takeover, which will see Damas folded into a new DIFC-based entity, Signature Jewellery Holding. This is not the first we’ve heard of the potential transaction. Talks have been ongoing since at least February, according to Indian media, which also reported that Titan had explored an acquisition of Damas previously but talks had falle...

Tuesday, 22 July 2025

DEBT WATCH | EnterpriseAM UAE

Emirati lenders back AED 937.5 mn loan for Africa Finance Corporation

... 937.5 mn loan for AFC: The Africa Finance Corporation (AFC) has secured its inaugural sustainability-linked term loan worth AED 937.5 mn, backed by a syndicate of Emirati banks, according to a statement. The loan diversifies its funding base by tapping into the local AED market, and linking sustainability metrics to “signaling to investors and stakeholders the importance of enviro...

Tuesday, 22 July 2025

THIS MORNING: xAI in talks with G42 to lease data centers? + Nividia chip access stalled further…

... University and the Beijing-based Green Finance and Development Center. Regionally, the UAE ranked second, just behind Saudi Arabia, which attracted USD 7.2 bn in construction-related flows.The Middle East accounted for 8.2% of China’s BRI investments during the six-month period, with regional construction engagement totaling USD 19.4 bn.REMEMBER-Several Chinese entities have been ...

Monday, 21 July 2025

TAX | EnterpriseAM UAE

UAE’s issues new rules allowing deduction of value depreciation for investment properties

... ministerial decision issued by the Finance Ministry. The rule permits deductions on investment assets in tax periods starting from 1 January, 2025 onwards, and will come into effect immediately.To qualify: Deductions can be made only if taxpayers opt for the realization basis method of accounting for such assets for the tax period starting from 1 January, 2025. Firms will have to ...

Monday, 21 July 2025

THIS MORNING: ADQ eyes fintech JV in Turkey + Kenya’s Equity Group to open UAE office in 4Q

... the Institute of International Finance (IIF) picked up by Khaleej Times. This significant acceleration is driven by higher oil production and continued expansion in non-oil sectors.UAE FDI + KSA debt fuel Gulf capital inflows surge: The IIF expects non-resident private capital inflows into the Gulf economies to hit USD 202 bn this year, further increasing to USD 217 bn in 2026. Th...

Friday, 18 July 2025

MY MORNING ROUTINE | EnterpriseAM UAE

My Morning Routine: Rayhan Aleem, co-founder and CEO of Tax Star

... there and I used to run their finance departments and I moved my family and myself to the UAE back in 2016.This was at the time when VAT was being introduced, and I decided to set up an accounting firm out here called Alpha Pro Partners. I grew that over the last five to seven years. We're now at 300 customers, and we've got 50 staff worldwide. Then, corporate tax was announced i...

Friday, 18 July 2025

INVESTMENT WATCH | EnterpriseAM UAE

UK’s Gemcorp to raise USD 1 bn Africa fund from Abu Dhabi

... fund from its Abu Dhabi office to finance agreements in Africa, partner Asad Hajiyev told Semafor. The fund will target investments ranging between USD 20-100 mn across sectors including energy, agriculture, and commodities.Why Abu Dhabi? “There is a huge amount of capital” in Abu Dhabi looking for transactions in Africa in Abu Dhabi, Hajiyev said. The new vehicle would double Gem...

Thursday, 17 July 2025

THIS MORNING: To fire or not to fire Jay Powell? + Local airlines act fast to fill gap left by Wizz Air

... package from a group of banks to finance its acquisition of a 50% stake in German reusable packaging firm IFCO Group from a subsidiary of the Abu Dhabi Investment Authority (Adia), sources familiar with the matter told Bloomberg.The details: The financing is expected to refinance IFCO’s existing EUR 1.6 bn loan portfolio and provide an additional EUR 800 mn in fresh funding. Bank ...

Thursday, 17 July 2025

CAPITAL MARKETS | EnterpriseAM UAE

UAE and Saudi stocks emerged as top performers in 2Q -Kamco Invest

... Gas, Emaar Properties, and Kuwait Finance House, with the top 10 representing 36.6% of all trading activity across the GCC.

Wednesday, 16 July 2025

THIS MORNING: More share sales coming up in 2H? + President Mohamed bin Zayed Al Nahyan heads to Turkey on a working visit

... rundown in this morning’s Planet Finance, below. #2- Inflation across the Gulf is set to moderate in 2H 2025 amid falling oil and shipping prices as geopolitical tensions ease and as the US Federal Reserve is expected to resume its rate-cutting cycle, Emirates NBD said in a recent report (pdf). Inflation across the bloc has been modest so far in 2025, averaging 1.3% y-o-y from Ja...

Wednesday, 16 July 2025

EARNINGS WATCH | EnterpriseAM UAE

SIB, NBQ see double-digit net income growth in 1H 2025

... 6.4% rise in income from Islamic finance and sukuk to AED 1.9 bn, and a 40.2% jump in investment, fee, and commission income to AED 412.4 mn. Total operating income rose 13% y-o-y to AED 1.2 bn.NBQ-National Bank of Umm Al Quwain (NBQ) reported a 16.7% y-o-y rise in net income to AED 128 mn in 2Q 2025, according to its financials (pdf). Its bottom line was boosted by a 50.2% y-o-y ...

Wednesday, 16 July 2025