Deutsche Bank to Buy Bad Loans From First Abu Dhabi Bank bloomberg.com/news/articles/…

Some personal news… this week I started at Bloomberg in the Middle East, covering Money & Power in Abu Dhabi. Get in touch!

Nomura is providing a $100 million loan to a development project run by Dubai-based Omniyat, sources say, joining other global lenders that are increasingly looking for dealmaking opportunities in the Middle East trib.al/Mk9orbR

Abu Dhabi-based PureHealth is no longer considering an acquisition of hospital operator NMC trib.al/iD2pTsW

Abu Dhabi-based PureHealth is no longer considering an acquisition of hospital operator NMC trib.al/GP3jWCw

Saudi Arabia’s wealth fund PIF blocks PwC from advisory and consulting services contracts for a year trib.al/6LbppaF

Millennium Management lost about $900 million so far this year from two teams focused on index rebalancing, a strategy recently upended by global stock market volatility trib.al/Kv8DL7w

Abu Dhabi’s Lunate launches a new venture focused on the Asia-Pacific region, part of the $105 billion asset manager’s efforts to boost its exposure to faster-growing markets trib.al/cruQ9wy

Abu Dhabi’s Lunate launches a new venture focused on the Asia-Pacific region, part of the $105 billion asset manager’s efforts to boost its exposure to faster-growing markets trib.al/IYd9Abr

Dubai watch sales are hotter than ever, with $240,000 Swiss timepieces being snapped up in the city’s high-end stores trib.al/qnE9vYk

Dubai watch sales are hotter than ever, with $240,000 Swiss timepieces being snapped up in the city’s high-end stores trib.al/BZ3NDCE

Dubai watch sales are hotter than ever, with $240,000 Swiss timepieces being snapped up in the city’s high-end stores trib.al/I2twu6M

Temasek's $54 billion asset management holding company is opening an office in Abu Dhabi, joining a flurry of financial firms that have recently set up in the oil-rich emirate trib.al/G1C0imi

Temasek's $54 billion asset management holding company is opening an office in Abu Dhabi, joining a flurry of financial firms that have recently set up in the oil-rich emirate trib.al/pMX5pm3

Saudi Arabia’s lenders are looking at offloading bad loans to prepare for a crucial decade of huge infrastructure investments trib.al/1ublVqG

Saudi Arabia’s lenders are looking at offloading bad loans to prepare for a crucial decade of huge infrastructure investments trib.al/fha7pwe

Abu Dhabi Commercial Bank is considering potentially offloading more bad debt trib.al/t5jeYRi

Abu Dhabi Commercial Bank is considering potentially offloading more bad debt trib.al/204H2yP

Jared Kushner’s Affinity Partners’ assets under management grew to $4.8 billion from $3 billion in 2024, powered by new money from the Middle East and investment performance trib.al/l7cIJRo

Emirati F-16s and Mirages providing honorary escort for Air Force One into Abu Dhabi! 🇺🇸🇦🇪