Adam Bouyamourn is a journalist based in Abu Dhabi, United Arab Emirates.

IMF slashes Saudi Arabia growth forecast to 1.2 per cent in 2016

05 Jul 2016  |  The National  |  English  |  Middle East Economy

Mercer, a division of Marsh & McLennan, aims to double its assets under management in the Middle East to $2-$3 billion within the next 2-3 years, driven by growing regional wealth despite economic challenges. Wealth in the Middle East and Africa grew by 8.5% to $8.1 trillion in 2016, with Boston Consulting Group forecasting it to reach $12 trillion by 2021. The Abu Dhabi Investment Authority is increasing its exposure to private equity and credit transactions, particularly in Asia. The article also provides a historical overview of Amazon's key milestones.

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Abu Dhabi Investment Authority

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Taku Dzimwasha is a journalist based in Cape Town, Western Cape, South Africa.

CVC tops sponsor league tables YTD after Zabka IPO but EQT most busy in quiet 3Q – ECM Explorer EMEA

14 Oct 2024  |  ionanalytics.com  |  English  |  IPO

CVC Capital Partners leads the sponsor league tables in EMEA for 2024 YTD, driven by its IPO of Zabka Group, while EQT emerged as the most active private equity firm in the quieter third quarter. Despite a summer lull, there is a notable increase in sponsor activity in capital markets, with CVC achieving USD 4bn in ECM volumes. Other active sponsors include EQT, GIC, CPP Investment, and Blackstone. The market anticipates a potentially busy end to the year as sponsors seek attractive IPO opportunities.

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CPP Investment Abu Dhabi Investment Authority GIC Blackstone

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Jennifer Gnana is a multi-lingual journalist with experience in print and broadcast, currently based in Bahrain. She has extensive experience reporting on economic development in the Middle East, with a focus on GCC and Iran. Her specialty is feature writing and risk analysis. She is fluent in ...

Adnoc Drilling set to raise up to $751m from Abu Dhabi listing

13 Sept 2021  |  The National  |  English  |  Stock Market

Adnoc Drilling, a subsidiary of Abu Dhabi National Oil Company, is expected to raise approximately $751 million from an IPO by offering 7.5% of its shares at Dh2.30 each, valuing the company at $10 billion. The subscription period for the IPO begins on September 13 and ends on September 23 for UAE retail investors and September 26 for qualified investors, with trading to commence on October 3 on the Abu Dhabi Securities Exchange. Baker Hughes will retain its 5% stake, while Adnoc will remain the majority shareholder. The IPO is part of a broader trend of Abu Dhabi-owned enterprises considering public listings, with the ADX having risen more than 50% since the start of the year.

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Mubadala Investment Company Emirates Investment Authority Abu Dhabi Securities Exchange Abu Dhabi National Oil Company ADQ Arqaam Capital

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Matthew Kynaston is a journalist / photojournalist based in Beirut, Lebanon.

Afghan taekwondo champion’s remarkable journey to the Olympics

17 May 2024  |  The National  |  English  |  Economic Growth

Mercer, a division of Marsh & McLennan, anticipates doubling its assets under management in the Middle East to $2-$3 billion within the next 2-3 years, driven by growing regional wealth despite economic challenges. The company leverages its buying power to negotiate lower fees for clients, which include sovereign wealth funds and insurance companies. Wealth in the Middle East and Africa grew by 8.5% last year, with Boston Consulting Group forecasting it to reach $12 trillion by 2021. The Abu Dhabi Investment Authority has increased its investments in private equity and credit transactions, particularly in Asia.

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Abu Dhabi Investment Authority

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I'm an experienced journalist, editor and photographer based in Berlin, Germany, with regular travel in the Middle East, especially in Dubai and the United Arab Emirates. I've covered business, politics and culture, mainly in the Middle East North Africa region, with deep knowledge of the GCC. 

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QNB green bond a sign of what's to come as Gulf embraces ESG

17 Mar 2024  |  www.spglobal.com  |  English  |  Emerging Markets

The article discusses the increasing trend of green bond issuances in the Gulf Cooperation Council (GCC) region, highlighting Qatar National Bank (QPSC)'s recent $600 million green bond issuance. It emphasizes the growing investor demand for such instruments and the potential for more activity in the GCC. The article notes that sustainable development is becoming a priority in the Gulf as governments focus on diversifying their economies and investing in renewable energy. It also mentions other significant green bond issuances in the region, including those by Saudi Electricity Co. and Egypt. Experts from Clifford Chance, Standard Chartered, and Amundi provide insights into the market's growth and investor interest. The article further explores the role of sovereign wealth funds and the alignment of corporate strategies with national visions for sustainable development. Additionally, it touches on green loans and sustainability-linked financing, citing examples from Al Baraka Banking Group BSC and Etihad Airways PJSC.

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Public Investment Fund of Saudi Arabia Qatar Investment Authority Kuwait Investment Authority Abu Dhabi Investment Authority Gulf Cooperation Council Clifford Chance Amundi Sustainability Excellence MSCI FTSE One Planet SWF Framework UN Principles of Responsible Banking

Andrew Scott is a journalist based in Dubai, United Arab Emirates. I can shoot, write, produce, edit and present having worked for the BBC World News, CNBC Europe and currently The National.

Thousands of mosquito traps placed across the UAE

23 Apr 2024  |  The National  |  English  |  Public Health

Dubai is enhancing its air quality monitoring with seven new mobile stations to achieve 90% good air quality by 2021. The British Heart Foundation's study on coffee consumption reveals mixed health impacts, while Mercer Wealth aims to double its assets under management in the Middle East. Schools in Abu Dhabi are implementing measures to support students' mental well-being as they return to in-person classes. The Abu Dhabi Investment Authority is increasing its exposure to private equity and credit transactions, particularly in Asia.

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Abu Dhabi Investment Authority Dubai Municipality British Heart Foundation Mercer Wealth Raha International School The British School Al Khubairat

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Brussels editor at MLex. Available as a broadcast guest.

Aramco cuts Asia oil pricing as Saudis seen losing market share

01 May 2017  |  worldoil.com  |  English  |  International Trade

Saudi Arabia, the world's largest crude exporter, reduced June oil export pricing to Asia to maintain its market presence amidst competition from Iran and Iraq. Saudi Aramco decreased Arab Light crude pricing to Asia, while increasing prices to the US, Europe, and the Mediterranean. The OPEC and other suppliers' production cut agreement aims to mitigate a crude surplus that has significantly lowered prices since 2014. An extension of the cuts into the second half of the year is anticipated, with a decision expected at the end of May.

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Abu Dhabi Investment Authority OPEC Emirates NBD PJSC

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