DIFC Investments signs $1.04 billion loan to fund sukuk repayment; Dual-tranched loan priced at 380 bps over LIBOR; Timely sukuk repayment helps rebuild Dubai's investor image
June 4, 2012 11:06
Etihad Airways has bought a three percent stake in Irish airline Aer Lingus as a precursor to a commercial tie-up that could help Abu Dhabi's flagship carrier gain more European routes to catch up with Middle Eastern rivals
May 1, 2012 3:28
The government of Dubai priced a $1.25 billion two-tranche Islamic bond, or sukuk, on Wednesday, at par. A $600 million five-year tranche was priced at 4.90 percent and a 10-year portion was priced at 6.45 percent, in line with launch guidance released earlier that day.
April 26, 2012 10:50
Dubai is planning to raise $1.25 billion from a two-tranche Islamic bond sale on Wednesday, with final price guidance for both tranches tighter than indicated initially.
April 25, 2012 2:59