Middle East
CFO View: Drilling Down into PDO’s Funding Strategy with Haifa Al Khaifi
Haifa Al Khaifi serves as Finance Director of Petroleum Development Oman, LLC. She joined the company in 1995, and currently manages the company’s capital and operational funding strategy. Haifa also serves as a Board Member and Treasurer for the Oman Society for Petroleum Services, and an Advisory Board Director for the Academic Innovation Assistance Program (AIAP) at Sultan Qaboos University.
30 Aug 2016
Middle East to see busy Q3 as credit pipeline swells
The recent increase in Middle Eastern debt issuances over the last month signals the opening of a new window for both borrowers and investors in the region. A strong pipeline is already in the making, which will attract a significant amount of demand from a wider investor base than before due to the quality and higher yield of Middle Eastern debt compared to other EMs.
22 Aug 2016
EIB targets Egypt but are other investors steering clear?
The EIB is set to invest heavily in Egypt over the next year, but other investors are likely to remain cautious about investing in the country. The FX mismatch and dollar availability are the primary barriers. Investors suggest opportunities could exist in sectors linked to exports or consumer demand, which the weakening of the Egyptian pound will likely boost.
25 Jul 2016
Top Dealmaker: Cécile Camilli, Societe Generale CIB
Cécile Camilli is Head of CEEMEA DCM at Societe Generale Corporate & Investment Banking. She has more than 15 years of experience in emerging market debt. Since 2013, and is responsible for DCM origination in CEEMEA, advising Corporates, Financial Institutions and Sovereigns of the region. Cecile and her team have been winning numerous landmark mandates from issuers in Russia, Eastern Europe,…
22 Jul 2016
CASE STUDY: Mass Energy Group boosts power supply to Iraq with IPP
Against a backdrop of a deteriorating security environment and growing energy demands, Mass Energy Group Holding secured a US$375mn project finance facility to upgrade a gas fired power plant in the Sulaimaniya Governorate in the Kurdistan Region of Iraq.
21 Jul 2016
CASE STUDY: ACWA closes largest IPP refinancing deal in MENA
ACWA Power successfully refinanced existing facilities related to its 1204 MW Rabigh1 power plant with a US$1.828bn triple-tranche conventional and Islamic funding package in what is being pegged as the largest IPP refinancing deal in MENA to date, a huge achievement for the company and its shareholders.
21 Jul 2016
NBAD, FGB will merge to create regional mega-lender
The announcement of a merger between NBAD and FGB in the UAE to create an even larger regional player could have a significant negative impact on the lending operations of smaller players in the country, which already lend to lower rated borrowers.
6 Jul 2016
In The Know: A View From The MENA Fixed Income Markets
Anita Yadav is Head of Fixed Income Research at Emirates NBD. She has over 14 years of experience in fixed income research and sales, spread across Australia, India, Asia and Middle East. In her current role, she focusses on global fixed income markets with a particular emphasis on the GCC region, covering conventional bonds as well as sukuk products.
1 Jul 2016
Middle East credit sturdy in Brexit’s wake
The GCC has managed to escape the fallout from Brexit, compared to other emerging markets. Steady oil prices and high levels of demand for the region’s debt means its fixed income assets have remained resilient.
27 Jun 2016
CASE STUDY: Etihad Group bond accelerates carrier growth
Etihad Aviation Group, which operates through a number of wholly-owned subsidiaries, has been able to successfully close two deals in quick succession, the latest being a US$500mn RegS bond. The company has accelerated its network growth to acquire the largest route network of any Middle Eastern carrier.
24 Jun 2016