Wednesday 30 July 2014

Emaar sukuk launched at tight end of guidance

Pricing for the debut sukuk deal from the malls unit of Dubai's Emaar Properties tightened further before launch, a document from lead managers said on Wednesday, as the firm used strong investor demand to drive down borrowing costs.


Sugar supplies to tighten despite big stock

The world is sitting on a huge stockpile of sugar, but the global supply outlook will tighten into next year due to rain-induced crop problems in Brazil and falling output in India, auguring for higher prices. The International Sugar Organ


UAE steel prices soar on tight supply

Reinforcing steel bar (rebar) prices in the United Arab Emirates have risen at least 12 per cent in the last three weeks as demand from construction contractors has increased and supply has tightened. A tonne of rebar fetched around $970 o


Platinum hits record at $2,124 on supply fears

Platinum roared to a record high for the 14th straight session on Tuesday, topping $2,100 an ounce on fears of tight supply, after power problems in main producer South Africa disrupted mining. Spot platinum hit a high of $2,124 an ounce,


World cereals supply tight, prices soar

World cereals supplies will be tight, driving prices higher this marketing year, with strong demand and dwindling stocks offsetting an increase in output, the United Nations Food and Agriculture Organisation (FAO) said. "With world demand


Bahrain to tighten security at Causeway

Bahrain is considering beefing up security measures at the King Fahad Causeway to combat terrorism and organised crime, an expert has revealed. Sita vice-president Thomas Marten said the country was one of several in the Gulf looking at st

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