Banking
ADQ To Purchase Odeabank
Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Bank Audi’s loss-making Turkish subsidiary, Odeabank,...
Author: Mark Townsend
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Technology
UAE: Global Chip Makers Evaluate Building Plants In The Gulf
Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) have held talks with United Arab Emirates (UAE) officials that could see...
Banking
Egypt: United Bank Stake For Sale
Egypt’s government plans to sell a stake in United Bank via an initial public offering (IPO) during the first quarter...
Banking
Kuwait: Boubyan, Gulf In Merger Talks
Kuwait lenders Boubyan Bank and Gulf Bank—the emirate’s third- and fifth-largest banks—have disclosed they are in preliminary talks that may...
Features
GCC Banking’s New Techno-Frontier
Generative AI could help the Gulf’s traditional banks wrest the competitive advantage back from challenger and neobanks. While artificial intelligence...
Economics, Policy & Regulation
GCC Banks Face The Urge To Merge
Will Fed rate cuts and geopolitics fuel more M&A deals by GCC banks? Another year, another bumper crop of profits....
Economics, Policy & Regulation
First Income Tax In GCC Approved By Oman’s Parliament
Oman is on course to become the first Gulf Cooperation Council (GCC) state to introduce a personal income tax as...
Economics, Policy & Regulation
China’s BYD Races Ahead With New Plants In Emerging Markets
BYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space,...
Economics, Policy & Regulation
The Philippines: New Samurai Bond Issue’s Political Backdrop
The Philippines is looking to Japan to partially finance its ballooning debt as Manila moves to strengthen ties between the...
Economics, Policy & Regulation
Dubai Shines Again As Greenfield FDI Hotspot
Dubai has once more topped the rankings of global cities attracting the most greenfield foreign direct investment (FDI). Last year...
Economics, Policy & Regulation
China’s US Debt Sales Fuel Speculation
Talk of de-dollarization is back on the table after new data from the US Treasury Department revealed that China offloaded...
Economics, Policy & Regulation
Singapore: Ushering In A New Prime Minister
Veteran technocrat Lawrence Wong will become Singapore’s fourth prime minister on May 15, as Lee Hsien Loong steps down after...