Register for our free newsletter

 
 
Latest News

Banking & Finance

sukuk copy

Global sukuk supply less than half demand

Demand for sukuk projected to triple in five years; This year's issuance to set record but much smaller; E&Y says supply-demand gap could widen further; Awqaf are becoming major source of demand; Lack of intermediaries, common platform are constraints

September 9, 2012 11:49
 
200-dubai-islamic-bank

PE firm buys 6.6 percent of Jordan Dubai Islamic bank

Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it the bank's second largest stakeholder, Foursan said on Thursday.

September 6, 2012 5:42
 
Dubai's Tamweel picks banks for roadshows; sukuk may follow

Dubai’s Tamweel second quarter profit drops 33 percent

Quarterly profit drops for second straight quarter; Revenue falls, sales costs rise; Cash balance triples from 2011-end; Tamweel pulled asset-backed sukuk sale last week

July 11, 2012 12:26
 
Central Bank of Egypt

Egypt’s foreign reserves climb by $18 million in June

Egypt's foreign reserves rose by $18 million in June to $15.53 billion, their third month of increases after having dropped every month since the uprising that ousted Hosni Mubarak in February 2011, the central bank said on its website on Sunday.

July 9, 2012 10:45
 
200-qnb

Qatar’s QNB in $1.5 billion loan refinancing

The three-year loan, which replaces a $1.85 billion facility set to mature on July 22, will be marketed by Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC , JP Morgan and Standard Chartered, four sources said.

June 24, 2012 10:25
 
NBQ

UAE’s NBQ wins delay in $250 million global case

National Bank of Umm Al Qaiwain (NBQ), a bank in the United Arab Emirates, said on Wednesday it had won a delay in a $250 million judgement against it in a case involving Kuwaiti group Global Investment House .

June 20, 2012 5:40
 
UAE-central-bank

Banker urges UAE Central bank to cut reserve requirements

A top commercial banker in the United Arab Emirates has urged the central bank to cut some of its reserve requirements sharply in order to spur corporate lending.

June 20, 2012 11:35
 
jORDAN CENTRAL BANK

Jordan Central Bank says reserves healthy despite pressures

Foreign reserves at safe levels cover 5 months' imports; 2012 outlook underpinned by remittances, tourism, Arab aid; Resilient banking sector with $35 bln deposits a cushion

June 19, 2012 5:34
 
Egyptian-pounds-sukuk

Egypt sells reopened bonds worth 2.5 billion Egyptian pounds

Egypt's central bank sold 2.5 billion Egyptian pounds ($414.24 million) in five and seven-year bonds on Monday, the same amount it had initially sought, the finance ministry said.

June 12, 2012 11:14
 
Dubai JAFZA

Dubai JAFZA to raise $1.85 billion for redemption

The source, who declined to be named ahead of any official announcement, said JAFZA aimed to raise $650 million from the new sukuk and $1.2 billion from the Islamic facility.

June 6, 2012 12:08
 
12345...10...