Friday 9 December 2016

IDB lists $1.25 billion sukuk on Nasdaq Dubai

The Islamic Development Bank (IDB) listed a $1.25 billion Sukuk today (December 8) on Nasdaq Dubai, the region’s international financial exchange.   It is the seventh Sukuk listing on the exchange by the IDB, making it the largest Sukuk issuer on Nasdaq Dubai at $8.55


ICD to implement new Islamic finance model

The Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement with AlHuda Center of Islamic Banking and Economics (CIBE) to implement its new banking model. The Islamic Corporation for the Development of the Private Sector (ICD) has signed an agr


Mashreq introduces UAE’s first chatbot

Mashreq, the UAE’s leading financial institution, has introduced its chatbot – UAE’s First ‘Mashreq Bot’; an Artificial Intelligence agent – programmed to simulate an intelligent conversation with users.  Customers can use the chatbot to d


WIBC assesses the way forward for Islamic finance

The future potential, new territories available, environmental sustainability and financial inclusion of the Islamic finance industry were the critical discussion points on the final day of the World Islamic Banking Conference (WIBC) in Bahrain. Day two kick-started with an engag


Eskan's debut REIT issue gets solid response

Eskan Bank, a leading provider of housing finance in Bahrain, said the initial public offering of Bahrain's first Sharia-compliant retail real estate investment trust (REIT) has exceeded 95 per cent subscription rate. Securities & Investment Company (Sico) was the mandate


Raising funds for start-ups ‘still a challenge’

Raising funds in the Middle East remains challenging despite the great start-up ideas and the myriad opportunities that the region has to offer investors, according to accountancy and finance body ICAEW. This was the consensus during ICAEW’s Corporate Finance Faculty roundt


Egypt’s renewable energy projects eye $3bn financing

A total of 30 international and local banks are preparing to negotiate with renewable energy projects to finance the second phase of the feed-in tariff projects with $3 billion, a report said. The banks include the International Financing Corporation (IFC), the European Bank for


GCC banking ‘resilient to economic pressures’

Moody's Investors Service's stable outlook for 2017 on the banking sectors of the Gulf Cooperation Council (GCC) reflects the rating agency's expectation of their resilience to persistent economic and funding pressures. Moody's presentation, entitled "Banks -


Qatar ‘offers clear strategy amid global flux’

Qatar offers a positive example of strong leadership and clear polices at a time when the global economy is passing through a period of high instability caused by geopolitical pressures, according to experts. More than 600 senior finance and banking executives attended The Euromo


DHA to adopt new health insurance payment system

Dubai Health Authority (DHA) is set to adopt a new health insurance payment system that will improve transparency and quality of healthcare services in Dubai, UAE. Humaid Al Qatami, chairman of the board and director general of DHA, announced that the executive council has approv

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