Nasdaq Dubai welcomes listing of $500 million sukuk by SIB
Nasdaq Dubai welcomed the listing of a 500 million US dollar sukuk by Sharjah Islamic Bank (SIB) The capital raised…
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Dubai Islamic Bank sells $300mln in 2026 sukuk reopening, document shows
Dubai Islamic Bank has sold $300 million in a reopening of its existing sukuk issuance maturing in 2026, a document…
Qatar National Bank markets 5-year Chinese yuan bonds – document
Qatar National Bank, the Gulf's biggest lender by assets, is set to raise 1.2 billion Chinese yuan ($170 million) through…
Emirates REIT seeks names behind 'suspicious trades' of its shares
Emirates REIT filed an application in the Dubai International Financial Centre Courts to find out the identify of those behind…
Gulf International Bank honored for innovation in trade
Gulf International Bank has won awards recognizing the Bank’s leadership and innovation in Trade and Cash Management GIB was…
Middle East IPO market faces subdued outlook for rest of 2020
Despite enjoying a strong first quarter, the initial public offering (IPO) market in the MENA market is set to face…
Goldman Sachs raises 12-month gold price forecast to $2,000
Analysts at Goldman Sachs have raised their 12-month price forecast to $2,000 per ounce from the previous estimate of $1,800. …
Syria devalues currency as new US sanctions hit
Syria's central bank devalued the Syrian pound on Wednesday giving in to weeks of depreciation on the black market as…
Dubai Economy, CBD offer banking services for traders
Dubai Economy and Commercial Bank of Dubai have joined hands to provide exclusive banking services for DED Trader licence holders.…
Kuwait Stocks Lead Gulf Losses as Banks Face Pressure: Inside EM
Most equity markets in the Gulf declined as investors remain cautious about the pace of the economic recovery, while volatility…
Commercial Bank of Dubai allows foreign ownership of its shares
Commercial Bank of Dubai, which counts Investment Corporation of Dubai as its biggest shareholder, became the latest lender in the…
Oman's Taageer Finance shareholders approve up to $25.97mln bond issuance
Shareholders of Oman’s Taageer Finance Company have approved the issuance of up to 10 million Omani riyals ($25.97 million) unsecured…