Sarmad Khan

Sarmad Khan

Company & Markets Editor
Abu Dhabi
Sarmad is the Company & Markets Editor of The National, with more than 25 years of experience working in Pakistan and the UAE. Over the years, Sarmad has reported on global and regional economic developments, equity markets, banking, energy, finance, property and technology sectors. He has interviewed key policymakers, central bank governors and global and regional executives including Mubadala's Khaldoon Al Mubarak, Siemens’ Joe Kaeser, Emaar's Mohamed Alabbar, DP World's Sultan bin Sulayem, Franklin Templeton's Mark Mobius and Tadawul’s Khalid Al Hussan among others.
Follow on

Articles

Shoppers at Lulu Hypermarket in Abu Dhabi. Khushnum Bhandari / The National
UAE retailer Lulu Group to list 25% shares in ADX IPO

The biggest pan-Gulf hypermarkets operator expects its shares to start trading on the Abu Dhabi bourse on November 14

October 21, 2024
Merit group chief executive Julie Barbier-Leblan expects to secure series B funding of $25 million before the end of this year. Photo: Merit
How Merit is pushing boundaries of corporate engagement and rewards market

Generation Start-up: Saudi-headquartered company is preparing for a potential IPO as it seeks to expand business

October 21, 2024
Ardian senior managing director Francois-Aissa Touazi says the company plans to boost its assets in the Gulf to as much as $40 billion within five years. Photo: Ardian
Ardian considering co-investments in green hydrogen with Masdar and PIF

French private equity firm expects to close first deal with Abu Dhabi clean energy company next year

October 17, 2024
ADNH Catering shares are expected to start trading on the ADX on October 23. Victor Besa / The National
ADNH Catering raises $235m in Abu Dhabi IPO

Strong demand sees shares priced at top of range and oversubscribed multiple times

October 16, 2024
The UAE has maintained a strong economic momentum since bouncing back from the Covid-19 pandemic slowdown. Khushnum Bhandari / The National
UAE Cabinet approves record budget for 2025

Fiscal layout projects revenue and expenditure of $19.5 billion for next year

October 08, 2024
President Sheikh Mohamed and Jordan's King Abdullah II oversee the signing of a UAE-Jordan Cepa in Amman. It was signed by Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and Yarub Al Qudah, Jordan's Minister of Industry, Trade and Supply. Mohamed Al Hammadi / UAE Presidential Court
UAE-Jordan Cepa to boost bilateral trade to $8bn within a decade

Agreement is set to support investment in tourism, real estate and renewable energy

October 07, 2024
Gold Souk in Dubai. The UAE's non-oil sector industries, such as tourism, are seeing strong growth. Pawan Singh / The National
UAE non-oil output growth 'expands at lowest rate in three years'

Overall economy is set to maintain robust growth momentum this year

October 03, 2024
Israel intercepts missiles launched by Iran, as seen from Ashkelon, Israel. The attacks led oil prices to surge by up to 5 per cent on Tuesday. Reuters
Oil prices continue to rise on Israel-Iran war worries

A broader conflict in the region threatens to disrupt global energy supplies

October 02, 2024
A shopper in Abu Dhabi's Khalidiyah Mall. The non-oil economy of the emirate grew by 5.7 per cent in the first half of the year. Victor Besa / The National
Abu Dhabi GDP grows by 4.1% in second quarter on non-oil sector boost

The emirate's non-oil economic output increased by 6.6 per cent in the April-June period

October 01, 2024
Qatar Airways' minority shareholding in Virgin Australia is part of the Gulf airline's plans to expand its route network. AFP
Qatar Airways plans to acquire 25% stake in Virgin Australia

The Australian carrier will start flights to Doha as part of the deal from the middle of next year

October 01, 2024
Stock exchanges in the UAE and the broader Gulf region are seeing a flurry of listings this year amid continued economic boom. Victor Besa / The National
ADNH Catering to list 40% of its shares on ADX

The catering unit of Abu Dhabi National Hotels will sell shares through three dedicated tranches and aims to start trading this month

September 30, 2024
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and chairman of Masdar, with Mark Carney, chair and head of transition investing at Brookfield. Photo: Masdar
Masdar to acquire Spanish renewable developer Saeta in $762m deal

The Brookfield Renewable-owned operator of wind power assets has an enterprise value of $1.3 billion

September 24, 2024
Bayanat and Yahsat jointly launched the UAE’s first Synthetic Aperture Radar satellite as part of the Earth observation space programme last month. Photo: Bayanat
Bayanat and Yahsat merger set to take effect next month

Satellite company will delist its shares on September 30, while the combined entity Space42 will continue to trade on the Abu Dhabi bourse

September 23, 2024
The Central Bank of the UAE in Abu Dhabi. Photo: Central Bank of the UAE
Gulf central banks join Fed in cutting interest rates

The UAE regulator reduced its base rate for the overnight deposit facility by 50 basis points

September 18, 2024
Abu Dhabi Global Market is among the fastest growing financial hubs in the Middle East. Victor Besa / The National
US asset manager Stonepeak to set up ADGM base

Company with $71.2bn in assets under management will use UAE office to expand regional operations

September 18, 2024