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.
The B2B companies in the Gulf region must let their CEOs take on the responsibility in pricing matters to help significantly improve their profitability, said experts at a recent sales conference in Dubai.
The conference was held
Abu Dhabi healthcare firm Al Noor Hospitals priced its London initial public offering at 5.75 pounds per share on Friday, valuing the company at 672 million pounds ($1.04 billion).
That was in the lower half of its original price
From high-tech skyscrapers in the UAE to energy-saving lessons for Saudi school children, the Gulf is stepping up efforts to curb its rampant use - and waste - of energy. But it is still mostly failing to get to grips with the root causes of hig
International Petroleum Investment Co (IPIC), an investment fund controlled by the Abu Dhabi government, is to raise the equivalent of $2.9 billion through a new three-tranche bond issue, lead arrangers said on Tuesday.
Saudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, posted a 23 per cent slump in third-quarter net profit on Wednesday, citing lower product pricing for the decline.
The chemicals, m
Saudi Arabia-based Islamic Development Bank (IDB) priced an $800 million five-year sharia-compliant bond, or sukuk, on Tuesday, lead arrangers said, in its first public debt issuance in over a year.
The size of the sukuk was increased to $
The UAE will determine the prices of 1,650 basic commodities after the Consumer Protection Department (CPD) reaches an agreement with 320 outlets and cooperative societies, a report said.
“This is an annual initiative as last year the depa
Almost half (49 per cent) of the UAE’s general insurance customers prefer buying multiple products from one provider, indicating the potential for sector growth through cross selling, a report said.
Service quality, product flexibility and
Dubai is planning to raise $1.25 billion from a two-tranche Islamic bond sale on Wednesday, with final price guidance for both tranches tighter than indicated initially.
The price range for the five-year portion was set at between 4.90 and