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Gulf Arab interest in Chinese Yuan rises –Standard Chartered

Gulf Arab states are increasingly using the Chinese yuan for trading as China accounts for a growing share of the region's exports, and given volatility in major currencies, a senior executive at Standard Chartered said on Tuesday.

May 17, 2012 11:21
 
StanChart seeks nod for Saudi licence

StanChart seeks nod for Saudi licence

Standard Chartered has sought a full commercial banking licence from the Saudi central bank as the UK lender aims to plug the biggest gap in its growing Gulf Arab business, two sources familiar with the matter said on Sunday.

March 12, 2012 1:53
 
UAE’s ENBD sets price guidance for Yuan bond

UAE’s ENBD sets price guidance for Yuan bond

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
 
UAE mall group MAF launches $400M sukuk

UAE mall group MAF launches $400M sukuk

Dubai mall developer Majid Al Futtaim (MAF) Holding launched a $400 million five-year Islamic bond, or sukuk, at a profit rate of 5.85 percent, tighter than guidance.

January 31, 2012 3:02
 
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