Friday 4 September 2015

Ibdar nets dividend on $100m aircraft accord

Ibdar Bank, a Bahrain-based Islamic investment bank, has announced the first dividend yield from a $100 million lease agreement with Ethiopian Airlines. The 12-year agreement expiring in 2026 is for acquiring four new Bombardier Q


MAF to price $500m hybrid with 7.125pc yield

Dubai's Majid Al Futtaim will price its $500 million hybrid bond at a yield of 7.125 per cent, the tight end of guidance, bankers on the deal said on Wednesday, adding that final books had topped $4.1 billion. Earlier in the d


Global aviation back to profitability says Iata

The International Air Transport Association (Iata) expects airlines to post a global profit of $2.5 billion in 2010, a major improvement compared with Iata’s previous forecast released in March of a $2.8 billion loss. Industry revenues ar


Egypt to boost wheat output to 8m tonnes

Egypt expects to grow about 8 million tonnes of wheat this year, the state news agency Mena said on Saturday, quoting agriculture minister Amin Abaza. The harvest would compare to 7.39 million tonnes in the 2007 season.  Abaza said fa

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