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      Sarmad Khan

      Sarmad Khan

      Company & Markets Editor
      Location
      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.

      Articles

      Adnoc Distribution is the biggest fuel retailer in the UAE. Photo Adnoc Distribution.
      Adnoc Distribution receives shareholders' approval for new dividend policy

      Five-year plan sets an annual dividend of $700 million or a minimum of 75 per cent of its net profit, whichever is higher

      MarketsMarch 28, 2024
      The latest acquisition is in line with Mubadala’s strategy of positioning the UAE as a global leader in the life sciences sector. Photo: Mubadala
      Mubadala to acquire Kelix bio to expand life sciences portfolio

      Abu Dhabi's strategic investment arm has signed a definitive agreement to buy the emerging markets-focused specialty pharmaceutical company

      EconomyMarch 25, 2024
      Pump jacks at an oilfield in Midland, Texas. A falling US rig count is stoking worries over tighter supply in the global crude market. Reuters
      Oil prices rise amid worsening geopolitical outlook

      Intensifying Russian attacks on Ukraine stoke global tension amid a lack of progress on Gaza ceasefire

      EnergyMarch 25, 2024
      Exchange rates displayed in an Istanbul market. The country's central bank increased interest rates to 50 per cent on Thursday in a surprise move. AP
      Turkey increases interest rates to 50% amid mounting inflationary pressure

      Country's lira is the worst performer among emerging-market currencies this month

      EconomyMarch 21, 2024
      Parkin is the largest provider of paid parking spaces and services in Dubai. Sarah Dea / The National
      Parkin shares surge 30% on Dubai trading debut

      Company's IPO received record investor demand with deal was oversubscribed by 165 times

      MarketsMarch 21, 2024
      Borse Dubai is selling about 27 million Nasdaq shares in a secondary offering. Reuters
      Borse Dubai to sell Nasdaq shares worth $1.6bn

      Dubai-based company will still hold more than 10 per cent of New York exchange operator once deal is completed

      MarketsMarch 20, 2024
      A rendering of the penthouse's terrace at Nobu Residences Abu Dhabi. Photo Aldar
      Aldar sells Abu Dhabi's 'most expensive' penthouse for $37m

      The three-bedroom unit covers an entire floor at Nobu Residences Abu Dhabi

      PropertyMarch 18, 2024
      Parkin is the biggest provider of paid parking spaces and services in Dubai. Sarah Dea / The National
      Parkin raises $429m in record oversubscribed IPO deal

      Investor demand for the first public offering in the UAE this year climbed to $71bn as the deal was 165 times oversubscribed

      MarketsMarch 14, 2024
      Salik is among state-owned companies that have listed shares on the Dubai Financial Market. Chris Whiteoak / The National
      Dubai IPOs raised $9.4bn in the past three years amid economic boom

      The aggregate investor demand for public floats during the period crossed $272bn

      MarketsMarch 13, 2024
      Employment in Dubai improved at the sharpest pace since August 2015. Antonie Robertson / The National
      Play13:28:32
      Dubai's non-oil economic activity grows at fastest rate since 2019

      Business activity in the emirate maintained robust growth momentum in February

      EconomyMarch 11, 2024
      Drake & Scull International says it is increasing share capital by no less than Dh300 million. Rich-Joseph Facun / The National
      The rise and fall, and rise again, of Drake & Scull

      The company has gone through two debt restructurings in the past decade and aims to resume trading on the DFM after a hiatus of more than five years

      MarketsMarch 07, 2024
      The Dubai Marina skyline. Expansion in the UAE's non-oil business activity is broadly consistent with the growth trend seen since the final quarter of last year. Antonie Robertson / The National
      Saudi and UAE non-oil business activity rose sharply in February

      Pace of output growth in the UAE hit an almost five-year high

      EconomyMarch 05, 2024
      Women around the world continue to struggle to get their rights. Reuters
      Closing gender gap may boost global economy by 20%, World Bank says

      There is no country in the world that provides equal opportunity for women in the workplace, multilateral lender says

      EconomyMarch 04, 2024
      Clare Woodman, Morgan Stanley's head of Europe, Middle East and Africa, and chief executive of Morgan Stanley Internatıonal, spoke to The National. Antonie Robertson / The National
      ExclusiveMorgan Stanley expects flow of deals to continue in Mena region

      Push for economic diversification has boosted IPO, M&A and debt-market activity for past few years

      BankingFebruary 29, 2024
      The Dubai International Financial Centre. The financial services sector is a pillar that has helped the UAE maintain robust economic growth momentum. Pawan Singh / The National
      UAE economy expected to grow by 5% this year

      Non-oil economy currently accounts for 73% of the Emirates' gross domestic product in 'historic first for the country', Abdulla bin Touq says

      EconomyFebruary 28, 2024
      More Articles

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