Nicolas Parasie

Dubai

Reporter at Bloomberg News

Reporter for @business in the Middle East.

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Articles

Saudi Arabia Based REDA Hazard Control Is Said to Explore Sale

1 week ago | rigzone.com | Nicolas Parasie

Saudi Arabia-based REDA Hazard Control has been exploring strategic options including a full sale, according to people familiar with the matter, offering a rare opportunity for investors to buy into a privately held firm in the kingdom. The fire safety and equipment company has been working with Moelis & Co. on the potential transaction, the people said, asking not to be identified as the talks are private.
Saudi Arabia-Based REDA Hazard Control Is Said to Explore Sale

1 week ago | news.bloomberglaw.com | Nicolas Parasie

Saudi Arabia-based REDA Hazard Control has been exploring strategic options including a full sale, according to people familiar with the matter, offering a rare opportunity for investors to buy into a privately held firm in the kingdom. The fire safety and equipment company has been working with Moelis & Co. on the potential transaction, the people said, asking not to be identified as the talks are private.
Saudi Arabia-Based REDA Hazard Control Is Said to Explore Sale

1 week ago | bloomberg.com | Nicolas Parasie

Fire academy recruits put on turnout gear and self-contained breathing apparatus before a training exercise. (Bloomberg) -- Saudi Arabia-based REDA Hazard Control has been exploring strategic options including a full sale, according to people familiar with the matter, offering a rare opportunity for investors to buy into a privately held firm in the kingdom.
HSBC recorta dos decenas de puestos de analistas en medio de reestructuración de negocios

1 week ago | bloomberglinea.com | Ambereen Choudhury |Nicolas Parasie |Denise Wee |Harry Wilson

Bloomberg — HSBC Holdings Plc (HSBC) ha despedido a más de dos docenas de analistas en los últimos días, a medida que el mayor prestamista europeo profundiza en la reestructuración de sus negocios de banca de inversión, según personas familiarizadas con el asunto. Entre los afectados por el movimiento se encuentra Steven Major, jefe global de investigación de renta fija de HSBC con sede en Dubai, dijeron las personas, que pidieron no ser identificadas al discutir información confidencial.
HSBC entlässt Dutzende Analysten, darunter Anleiheexperte Major

1 week ago | bloomberg.com | Ambereen Choudhury |Nicolas Parasie |Denise Wee |Harry Wilson

HSBC hat nach Angaben von informierten Personen in den letzten Tagen mehr als zwei Dutzend Analysten entlassen. Damit vertieft die größte europäische Bank die Umstrukturierung ihres Investmentbanking-Geschäfts. Zu den Betroffenen gehöre auch Steven Major, der globale Leiter des Bereichs Fixed Income Research der HSBC mit Sitz in Dubai, sagten die Personen, die nicht namentlich genannt werden wollten. Die meisten Entlassungen beträfen Europa, hieß es.
HSBC Cuts Dozens of Analyst Jobs in Investment Banking Overhaul

1 week ago | bloomberg.com | Ambereen Choudhury |Kerim Karakaya |Nicolas Parasie |Denise Wee

(Bloomberg) -- HSBC Holdings Plc has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to people familiar with the matter. Those affected by the move include Steven Major, HSBC’s Dubai-based global head of fixed income research, the people said, asking not to be identified discussing confidential information. Most of the cuts were in Europe, according to the people.
Citi Sees Gulf Economies Remaining Resilient Despite Oil’s Drop

2 weeks ago | bloomberg.com | Nicolas Parasie |Beril Akman

Carmen Haddad(Bloomberg) -- Citigroup Inc. remains optimistic about the prospects for countries across the Middle East despite the recent drop in oil prices. Countries like Saudi Arabia and the United Arab Emirates are working hard to deepen their capital markets, according to Carmen Haddad, a vice chair of Citigroup’s private bank. That should help them attract the foreign direct investment they need to pull off their ambitious plans to transform their economies and rely less on crude income.
Qatar’s $524 Billion QIA Warns Private Credit Is Getting Crowded

2 weeks ago | bloomberg.com | Nicolas Parasie |Joumanna Bercetche

Mohammed Al-Sowaidi during the Qatar Economic Forum in Doha, on May 20. (Bloomberg) -- As one of the hottest asset classes right now, private credit has drawn major interest from the Middle Eastern sovereign wealth funds, including Mubadala Investment Co. and Abu Dhabi Investment Authority. Their counterpart in Qatar, however, appears to be taking a more cautious view. “It’s becoming a very crowded market,” said Mohammed Al Sowaidi, head of the $524 billion Qatar Investment Authority.
Qatar Fund Sees US Outlays Doubling After $500 Billion Pledge

2 weeks ago | bloomberg.com | Joumanna Bercetche |Fiona MacDonald |Nicolas Parasie

Mohammed Al Sowaidi during the Qatar Economic Forum in Doha, on May 20. (Bloomberg) -- Qatar’s wealth fund is set to see its annual outlays into the US double in coming years on the back of a $500 billion investment pledge. “We believe in the growth and robustness of the US system,” Qatar Investment Authority Chief Executive Officer Mohammed Al Sowaidi said.
Saudi Arabia’s Sabic Is Said to Explore IPO of Its Gas Business

2 weeks ago | news.bloomberglaw.com | Laura Cuesta |Nicolas Parasie

Saudi Arabian chemicals giant Sabic is exploring an initial public offering of its gas business, according to people familiar with the matter, amid a broader operational review. Saudi Basic Industries Corp. is in early-stage talks with potential advisers — including Lazard Inc., HSBC Holdings Plc, JPMorgan Chase & Co. and Morgan Stanley — about a possible listing as soon as this year, the people said, asking not to be identified because the information is private.