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Cash-rich Islamic funds fuel wild Dubai sukuk rally

Dubai 2014 sukuk yield plunges 235 bps since February; Fundamental factors support a rally; But some think euphoria has gone too far; Liquidity temporarily boosted by maturities; Approach of Ramadan may be spurring purchases

July 18, 2012 5:24
 
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Saudi drops to 3-week low; Emaar lifts Dubai

Shares in Zain Saudi slumped to a record low on Monday amid a slow initial take-up of its rights issue, while Saudi Arabia's index fell to a near three-week low. But Emaar Properties lifted Dubai's bourse.

July 17, 2012 10:17
 
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Key Dubai shareholder opts out of bank Muscat rights sale

Dubai Group sells rights to buy shares at discount; Bank Muscat eyes $251 mln from discounted rights sale; Dubai has rights to buy 33 mln shares in the Omani bank;Dubai Group is bank's second largest shareholder with 14.7 pct stake

July 15, 2012 5:07
 
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Rising cost living concerns: Most expensive GCC cities in 2012

As two of the UAE’s cities make it onto a list of the most expensive cities in the world, compiled by Mercer (a global HR consultancy company.) Kipp presents to you eight of the most expensive cities to live in the GCC.

July 15, 2012 4:15
 
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