Iran's Ministry of Finance has issued 5 trillion rials ($145 million) of lease-based Islamic bonds, expanding the range of the government's funding tools and providing a much-needed pricing benchmark for corporate issuers.
Stricter regulation and supervision of Saudi banks' large loan exposures to big corporate groups are necessary despite decent overall capitalisation, the International Monetary Fund has said.
Lenders in the w
Credit rating agency Moody's is still cautious on Gulf corporates as political turmoil weighs on the region despite a broader recovery under way currently, it said in a report.
Moody's said the wave of ratings downgrade seen during the pea
The leading businesses in the Mena region should take a wider responsibility for supporting skills-related issues within their industry and invest in education and professional development, said an expert.
While majority of them are showin
Newsweek Arabic Edition, a leading weekly magazine in the Arab World, is set to honour the top 20 corporate performers in the UAE during 2008 at a ceremony in Dubai.
'The Newsweek Award of Excellence Program,' aims to recognise top