Saudi-led group close to win Moroccan solar plant
Contract is for 160 MW solar plant, worth minimum $500 mln; Enel, Mitsui and UAE's Taqa vied for deal
June 13, 2012 5:46-
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Dubai’s DIFC Investments repays $1.25 billion sukuk
DIFC Investments, a unit of the company running Dubai's financial free zone, confirmed it repaid its $1.25 billion Islamic bond, or sukuk, the company said in a statement on Wednesday.
June 13, 2012 5:32 -
Aramco, Dow Petchem JV picks banks for project sukuk
Four banks to arrange project sukuk; Part of $12.5 bln debt package for Aramco/Dow petchem JV; Will be only the second project sukuk from Saudi Arabia
June 13, 2012 10:41
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Emirates to repay $550 million Islamic bond in full
The sukuk that matures on June 16, will not be refinanced, Emirates' President Tim Clark said in a interview with the Dubai-based paper in Beijing.
June 13, 2012 10:01 -
Islamic Corporation launches $600 million food fund
Targets private equity investments; Aimed at improving food security; Advised by Dutch asset manager Robeco
June 12, 2012 5:45 -
Kuwait’s social and labour minister quits
Kuwait's minister for social affairs and labour has resigned, local media reported on Tuesday, making him the second cabinet member to step down in the last several weeks under pressure from opposition lawmakers.
June 12, 2012 5:43
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Banks approve debt payment delay for Kuwait’s Global
Kuwait's Global Investment House said on Monday that creditor banks had approved a delay in repayment of principal and interest to November from June, days after bondholders also agreed to extend scheduled payments to later in the year.
June 12, 2012 11:07 -
Dubai’s Jafza to issue $650 million 7-year sukuk this week
Dubai government-owned Jebel Ali Free Zone plans to launch and issue a $650 million seven-year Islamic bond or sukuk this week, and books are now open, arranging banks said on Tuesday.
June 12, 2012 11:07 -
Kuwait raises July crude OSP to Asia by 45 cents a barrel
Kuwait raised the official selling price (OSP) for its crude sales to Asian buyers for July by 45 cents a barrel from the previous month to 15 cents a barrel below the average of Oman/Dubai quotes, a trade source said on Monday.
June 11, 2012 10:24
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Abu Dhabi Airports Co board revamped
Abu Dhabi has appointed a new board to lead its airport operator Abu Dhabi Airports Co (ADAC), the state news agency reported on Sunday, the latest in a series of management changes that began last year in the oil-rich emirate.
June 11, 2012 10:19 -
UAE’s Aldar, Sorouh in due diligence on potential merger
Due diligence has begun on the potential state-backed merger of indebted Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate , the two firms said on Sunday.
June 10, 2012 5:53 -
IMF: UAE may face risks from deepening euro crisis
UAE banks only moderately exposed to Europe; Able to handle significant rise in bad loans; but foreign funding shock could tighten bank liquidity
June 10, 2012 5:52
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Ominvest unit IPO delayed to September; shares slump
Shares in Ominvest, which was planning to offload a significant portion of its stake in the IPO, fell 5.6 percent on the Muscat Securities Market on Sunday.
June 10, 2012 5:51 -
Dubai’s Friendi eyes six markets after Virgin deal
Dubai group Friendi plans to expand into six more countries within four years after the mobile virtual network operator (MVNO) agreed a strategic partnership with Richard Branson's Virgin Group, its chief executive told Reuters on Sunday.
June 10, 2012 5:51 -
UAE’s Dana Gas shuffles board amid debt talks
Sharjah-based Dana Gas, the energy firm which has a $1 billion Islamic bond, or sukuk, due in October, has appointed a new chairman, it said in a bourse filing on Sunday.
June 10, 2012 5:50
