Dubai sovereign debt pushed up to $54.8bn but ‘stabilising’
The Dubai government’s recent sukuk sale has pushed up sovereign debt to US$54.8 billion but general indebtedness is “stabilising”, says…
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Al Hilal Bank launches fund to invest in global equities and sukuk
New offering aimed at emulating bank’s GCC Equity Fund’s impressive return of 55.89% since inception. Al Hilal Bank has…
SCA board okays rules on sukuk, bondsa
The Securities and Commodities Authority has approved regulations for sukuk and corporate bonds, a step which will pave the way…
Unisono wins major rebranding honours
Bahrain-based creative agency Unisono has received its fifth REBRAND 100 Global Award for its work rebranding Arab Link, a subsidiary…
Baby boom to drive Sukuk sales in global hubs
Islamic banks are reaping the benefits of a baby boom among Muslim families, encouraging global finance hubs including Hong Kong…
Bank Asya denies sukuk halt claims
Islamic lender Bank Asya has dismissed a report that claimed the bank’s Islamic bond issuance had been blocked by Turkey’s…
MEBL: no halt in growth!
The major growth drivers were massive reversals and a tremendous growth in non-funded income. According to Optimus Capital, Meezan…
Bank Asya denies sukuk halt claims
Islamic lender Bank Asya has dismissed a report that claimed the bank’s Islamic bond issuance had been blocked by Turkey’s…
Gulf Banks: Epitome of resilience and savvy
The one constant in the Gulf region’s banking sector over the last six years has been change. Post the 2008…
Kuwaiti investors view all options
A GROUP of investors from the Gulf state of Kuwait were yesterday exploring various potential business ventures in Cyprus while…
Dubai's DP World in talks with banks for $3 billion loan – sources
Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion (595…
UAE’s Islamic banks up the incentives
As the competition for retail customers intensifies in the UAE, banks are focusing their efforts to expand beyond their natural…