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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.

Articles

TikTok used by more than 170 million people in the US was removed from Apple and Google app stores on January 18. PA Photo
TikTok returns to Apple and Google app stores in US

Video-sharing app is available for downloads, weeks after it was removed in compliance with a federal ban

BusinessFebruary 14, 2025
Opec+ has held back 5.86 million bpd of oil output through a series measures announced in 2022. EPA
Opec sticks to production plan despite Trump pressure

Oil prices rally ahead of Opec announcement as traders consider potential effects of US move to impose tariffs on Canada, Mexico and China

EnergyFebruary 03, 2025
Crown Prince Mohammed bin Salman is pushing to overhaul the kingdom's economy under its Vision 2030 programme. AFP
Saudi Arabia's Q4 GDP expands at fastest quarterly pace since 2022

Both the oil and non-oil sectors of the kingdom's economy grew during the three-month period, government data shows

EconomyJanuary 30, 2025
The UAE Central Bank building in Abu Dhabi. The regulator expects the economy to expand by 4.5 per cent this year. Photo: UAE Central Bank
UAE Central Bank follows Fed in keeping interest rates steady

The US last lowered rates in December by a quarter percentage point but indicated that it will slow the pace of cuts

BankingJanuary 29, 2025
Mohammed Alardhi, executive chairman of Investcorp, sees opportunities for the private sector to get involved in the reconstruction of Palestine and Lebanon. Bloomberg
Investcorp positive about US growth but warns of inflation risk

Executive chairman Mohammed Alardhi expects company's assets under management to exceed $60bn by end of 2025

MarketsJanuary 21, 2025
US stocks were muted when they opened on the second day of Donald Trump's second term as president. AP
US stocks rally after Trump delays imposing tariffs

US president repeats threat to impose 100 per cent tariff on Brics nations and declares national energy emergency

MarketsJanuary 21, 2025
The 1 Billion Followers Summit is contributing $4 million for the two co-investment deals. Antonie Robertson/The National
Shorooq to invest $9m in two content creation ventures

Amount will be offered to winners of a competition at the 1 Billion Followers Summit

BusinessJanuary 13, 2025
Aramex shareholders will receive Dh3 a share, which is about 30 per cent higher on its closing price of Dh2.31 on Friday. Silvia Razgova / The National
Abu Dhabi’s ADQ offers to fully acquire Aramex

The potential deal values the Middle East’s biggest courier company at about $1.2bn

MarketsJanuary 13, 2025
The increasing variety of companies choosing to go public is adding new energy into the region's IPO landscape, attracting interest from local and global investors, analysts say. Wam
Why the Gulf will remain a powerhouse for IPOs

The region is not only bucking the global IPO downtrend, but also offers robust post-listing gains

MarketsDecember 31, 2024
Mohamed Abdelbary, group chief executive of ADIB, says it plans to boost its business in Egypt and Saudi Arabia. Victor Besa / The National
ExclusiveFuture of banking is AI-driven, Abu Dhabi Islamic Bank CEO says

With an in-house digital lab and a team of data scientists, the lender is pouring about 25 per cent of its annual cost into technology investment

BankingDecember 26, 2024
Bill Huffman, chief executive of Nuveen, says the company is looking to expand its regional footprint. Antonie Robertson / The National
ExclusiveNuveen seeks partnerships with Middle East sovereign funds

Company's regional portfolio of assets could grow tenfold to $30bn in the next five years, chief executive tells The National

EconomyDecember 22, 2024
Iqbal Khan, chief executive of Fajr Capital, says the company is looking to more than double its assets under management to $7 billion by the end of the decade. Victor Besa / The National
Dubai's Fajr Capital seeks string of deals in 2025, CEO says

The private equity company, backed by sovereign funds of Abu Dhabi, Brunei and Malaysia, is evaluating health care, data centres, education and property deals in the Gulf and Turkey

EconomyDecember 20, 2024
Sergio Ermotti, group chief executive of UBS, says that the traditional energy sector will continue to play a very big role regionally in the foreseeable future. Antonie Robertson/The National
InterviewUBS not reliant on blue sky scenarios for growth in Middle East, CEO says

Biggest Swiss bank says growth is being driven by economic momentum and continued influx of affluent clients in the region

BankingDecember 18, 2024
Group chief executive Adnan Chilwan anticipates Dubai Islamic Bank's lending growth to match the projected 10 per cent increase this year. Photo: DIB
ExclusiveDubai's DIB open to acquiring other banks and FinTech businesses

The UAE's biggest Islamic lender has grown its balance sheet from close to Dh100bn a decade ago to more than Dh300bn and aspires to expand it further

BankingDecember 12, 2024
Karim El Solh, co-founder and chief executive of Gulf Capital, said the company is in talks to sell five assets by the first half of next year. Antonie Robertson/The National
InterviewAbu Dhabi's Gulf Capital says 2025 will be 'exit year '

Private equity company plans to sell 11 assets in the next 18 months, chief executive Karim El Solh says

EconomyDecember 10, 2024
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