Dubai’s Tamweel sets up $1B bond programme
Islamic mortgage lender Tamweel, badly hit by the global financial crisis and the region's property bust, has set up a $1 billion bond programme, according to a base prospectus.
December 6, 2011 10:21
Will Qatar’s bond issue close the issuance window for the rest of the GCC?
As Qatar's $5 billion bond issue shows the Gulf can still tempt investors to part with cash, the rest of the region the mega-sale won't be the last this year.
December 3, 2011 12:48Dubai’s Emirates NBD may issue bond, timing key
ENBD keeping bond options open; No decision on sukuk sale yet, timing key;Could confirm banks this week for possible issue; Co has issued $500M in 2011 in private placements
November 28, 2011 2:48
Group launches first Islamic Interchange Benchmark
A sharia-compliant alternative to LIBOR and formed through collaboration of 16 firms, IIBR may be used to price range of Islamic instruments although widespread use may not be so easy.
November 22, 2011 3:13Islamic finances assets to hit $1.1 Trillion in 2012
Islamic finance assets around the world are expected to climb 33 percent from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday.
November 22, 2011 2:15UAE’s ADIB sukuk price seen mid-200 bps over midswaps
Abu Dhabi Islamic Bank has issued an initial pricing indication for a five-year dollar-denominated benchmark-sized sukuk, or Islamic bond, with pricing set for Tuesday at the earliest, leads said on Monday.
November 22, 2011 2:09Saudi Almarai gets approval for Islamic bond sale
Saudi Arabia's Almarai Co has received shareholder approval for its planned Islamic bond sale, the diary firm said in a statement on Sunday.
November 20, 2011 11:26Majid Al Futtaim plans sukuk by end-November
Dubai-based shopping mall developer Majid Al Futtaim (MAF) is aiming to raise between $350 million and $500 million in a five-year dollar-denominated Islamic bond, or sukuk, by the end of November, a senior official said on Thursday.
November 17, 2011 4:06Dubai support less likely for JAFZA’s $2 billion Islamic bond
Potential government support for Dubai World unit Jebel Ali Free Zone (JAFZA) to meet its $2.04 billion Islamic bond maturity next year is less likely due to a more complex legal structure, a Standard & Poor's' analyst said on Thursday.
November 17, 2011 3:32Abu Dhabi’s ADCB sets final guidance on 5-year sukuk
Final guidance set at 275 bps over mid swaps; Books closed 1230GMT, pricing expected later today
November 16, 2011 8:26Kuwait’s Intl Investment Group CEO resigns
International Investment Group's (IIG) chief executive officer resigned just two months after being appointed to the position and has been replaced as acting CEO by board member Ghassan Al-Sultan, it said in a bourse statement on Wednesday.
November 16, 2011 8:23Abu Dhabi’s Al Hilal Bank mandates for debut Islamic bond
Abu Dhabi's Al Hilal Bank has picked three banks to arrange its debut Islamic bond, or sukuk, three sources familiar with the matter said on Monday, with the deal expected to emerge in the first quarter of 2012, one of them added.
November 14, 2011 1:44ADCB eyes Benchmark Islamic bond
Abu Dhabi Commercial Bank's Islamic bond could launch this week; No roadshows planned ahead of Islamic bond issue - lead; ADCB is second Abu Dhabi lender eyeing sukuk currently
November 14, 2011 1:39Emirates Airline eyes Islamic finance as Europe banks balk
Airline looking at Islamic finance options - president; Says French banks more risk-averse; Emirates has 13 aircraft deliveries by end of March; Sukuk market bearing up well versus conventional finance; But any Emirates sukuk deal might have to be complex
November 8, 2011 2:19Oman may issue sukuk
Oman may in future consider issuing Islamic bonds or sukuk, the country's central bank head Hamood Sangour al-Zadjali said on Monday.
October 31, 2011 10:47
Qatar's Leverage Over Banks Is On The Wane
Qatar needs to find a home for billions of dollars raised from gas exports each year, writes Una Galani.
May 22, 2013 9:43
First report by Etisalat covering global footprint
Telecom company exhibits its high impact projects, including Mobile Baby.
May 21, 2013 6:01
Qatar Should Consider More Flexible Exchange Rate - Central Banker
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
Gold iPad at Burj Al Arab
Device to be a “virtual concierge” for luxury hotel's guests.
May 22, 2013 12:04
Minimum wage 'unfair' for employers?
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24