Middle East
Oman’s local banking sector remains resilient
Omani companies are making their presence known in the international loan markets. Although larger entities prefer international funding because it is cheaper due to the relatively small size of the local markets, the domestic banking sector remains strong, although heavy domestic government borrowing, designed to cover its deficit, could see pressures increase.
11 Oct 2016
Middle East debt remains strong – still sees demand
Middle Eastern sovereign debt issuance is already at a record high for 2016, and total issuance for the year also seems likely to set a new record. Low oil prices have caused a re-pricing of risk in the region, and although some see no value in GCC debt – viewing issuances as ‘trophy deals’ others, particularly in Asia, are keen to pick up corporate and sovereign paper.
10 Oct 2016
Trade finance gains traction in MENA
Low revenues from depressed oil prices will drive trade finance and pre-export finance across the MENA region. This will be particularly prominent in the energy and natural resources sector due to the large sums required by companies operating in this space.
6 Oct 2016
Asian capital looks to Middle Eastern debt
Middle Eastern issuer and Asian investor cooperation looks set to grow. Low oil prices have reduced domestic liquidity in the GCC and the need to finance budget deficits, combined with a stabilising of Asian currencies and the liquidity ‘surplus’ in these regions means capital is likely to naturally flow from Asian issuers to Middle Eastern borrowers.
4 Oct 2016
Saudi Arabia set to replace oil with foreign investment
Hopes of a boost to oil prices seem to have faded despite reports that a preliminary agreement was reached by OPEC members to cut production last week. Saudi Arabia appears to be losing control over the market and is beginning to suffer from damage it initially planned to inflict on its competitors. All signs point towards an urgent need for Riyadh to diversify the economy – but has that train…
3 Oct 2016
VIDEO: DP World, Dubai Islamic Bank, Citi
Redwan Ahmed, Director, Investor Relations and Girish Shenoy, Director, Group Treasury, DP World, Hidayah Shuhaimi, Relationahip Manager, Corporate Banking, DCM, Syndications & SE, Dubai Islamic Bank and Iman Abdel Khalek, Head of Middle East and North Africa, DCM Capital Markets and Origination, Citi, discuss the key objectives of DP World's Senior Unsecured 7-Year USD1.2bn Sukuk/Associated…
29 Sept 2016
VIDEO: Philip John, Emirates Islamic Bank
Philip John, Head of Treasury and Markets, Emirates Islamic Bank, explains why they decided to issue Sukuk and why specifically RegS.
29 Sept 2016
VIDEO: Pascal Martese and Yousef Al Zuhair, ACWA Power and Kurram Saleem, Standard Chartered Bank
Pascal Martese, Executive Director, Acquisitions and Project Finance, Investments, Yousef Al Zuhair, Senior Manager Business Development, ACWA Power and Kurram Saleem, Standard Chartered bank outline the key objectives of the Ibri/Sohar3 IPP (Ad Dhahirah Generating Company (Ibri)/Shinas Generatign Company (Sohar 3)) USD1.375bn USD/OMR 17-year Limited Recourse Project Finance.
29 Sept 2016
VIDEO: Bonds & Loans Interview: Rajesh Garg, Landmark Group
Rajesh Garg, Chief Operating Officer, Landmark Group, explains how their USD131m 12.5 year ECA-backed financing facility will help to support their business
29 Sept 2016
VIDEO: Zahir Al Wahaibi, Petroleum Development Oman
Zahir Al Wahaibi, Chief Accountant and Head of Shareholder Reporting, Petroleum Development Oman, discusses the strategy behind their US$4bn Senior Secured Pre-Export Term Loan Facility.
29 Sept 2016