LONDON – Investment banks have warned M&A teams in Britain they cannot pitch business to clients in the European Union if there is a no-deal Brexit without an EU “chaperone” sitting in on their meeting, sources familiar with the matter told Reuters.
Adopt AI or lose competitive edge, warns Oracle chief Speaking at Oracle OpenWorld, regional senior vice president Andrew Sutherland also praised Dubai’s “forward thinking” approach to technology
The decade ahead looks set to be more challenging for investors than the previous one, highlighting the need for discipline in portfolio construction, risk allocation, as well as selectivity of securities and products, said an industry expert.
UAE’s Mashreqbank hires banks ahead of dollar bond sale The potential issue is expected to be of benchmark size, which generally means at least $500m
UAE lenders Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) have confirmed plans to merge and together acquire Al Hilal Bank to create the country’s third largest lender. The new banking group will carry the ADCB identity and will continue to have institutional backing from its biggest stakeholder – the Abu Dhabi government, a statement said.
UAE equity markets will rally in 2019, boosted by a weaker dollar, higher oil prices and Abu Dhabi’s economic stimulus plan, said First Abu Dhabi Bank (FAB) in its Global Investment Outlook report for 2019.
Sharjah’s bailout of Invest Bank signals more restructuring, mergers among UAE lenders Analysts expect more mergers given a slowing economy, slide in house prices, robust accounting standards and tougher competition
UAE and Oman to be ‘fastest growing economies in GCC’ – report A report by the IIF predicts real GDP growth of 3.1 per cent for both countries in 2019
Kuwait allows foreign investors to own and trade in local banks’ shares The ownership of a foreign investor shall not exceed 5 per cent in any Kuwaiti bank
Duqm Refinery, a joint venture between Oman Oil Company (OOC) and Kuwait Petroleum International (KPI also known as Q8), signed on Tuesday seven loan agreements worth USD 4.6 billion with local, regional and international financiers.