The issuance of Islamic bond, or sukuk, in the Middle East could reach over $14 billion this year, according to HSBC, as investor demand and the relatively lower volatility of the asset class drive sales.
March 7, 2012 2:02
Price guidance for a 3-year benchmark yuan bond from Dubai lender Emirates NBD is in the 5 percent area with final pricing expected later on Monday, leads said.
March 5, 2012 1:20
HSBC, Europe's biggest lender, is significantly scaling down its private banking operations in the Middle East, two sources told Reuters, and HSBC said its top private banker in the region had been reassigned to London.
February 29, 2012 1:51
Saudi Arabia's Almarai Co, the Gulf's biggest dairy firm by market value, plans to start a roadshow this week to issue a riyal denominated sukuk, or Islamic bond, the firm said in a bourse statement on Saturday.
February 19, 2012 10:17