First Abu Dhabi Bank
Coverage of First Abu Dhabi Bank in the Nexus archive.
- Investors pick their Gulf bank winners
Emirati banks like Emirates NBD and First Abu Dhabi Bank have outperformed regional markets with significant stock gains and strong investor demand for bonds. Saudi banks show mixed performance, while Qatar National Bank declines sharply due to exposure to Doha’s economy reliant on Hormuz. The Saudi market remains the region’s sole rising index this year.
- Nigeria’s $5 Billion UAE Swap Worries the IMF
Nigeria's $5 billion swap deal with First Abu Dhabi Bank has drawn an IMF warning over hidden costs as Abuja seeks cheaper financing.
- IMF flags risks in Nigeria’s planned $5 billion derivative deal with First Abu Dhabi Bank
The IMF has raised concerns about risks associated with Nigeria's planned $5 billion derivative deal with First Abu Dhabi Bank. The IMF's resident representative in Nigeria, Christian Ebeke, stated that such transactions 'carry risks.'
- Gulf executives reckon with economic consequences of Iran war
Gulf executives at a Dubai conference acknowledged economic damage from the Iran war, citing weak confidence, delayed construction projects, and cautious lending. Businesses are shifting operations to Saudi Arabia as a safer market, while international investors avoid the region due to heightened geopolitical risk.