The private sector arm of the Jeddah-based Islamic Development Bank (IDB) plans to tap Islamic capital markets to raise as much as $1.2 billion in long-term funds during its current financial year, its chief executive said.
The United Arab Emirates is expected to issue its first ever federal government bonds before 2018 to help the country's banks meet global liquidity rules, but feasibility studies are yet to be completed, a senior finance ministry official sa
When the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital.
After decades during which banks from the
Abu Dhabi Securities Exchange (ADX) has signed an agreement paving the way for bonds and other debt instruments to be listed and traded through the bourse, it said in a statement on Sunday.
The introduction of debt listing and tra
Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it has successfully priced a dual tranche issue of $1 billion in total through a six year $700 million sukuk and a 10-year $300 million conventional bond.
Egypt could tap global bond markets after presidential elections this month, but should the country be in dire need, it could seek aid from its wealthy Gulf neighbours, finance minister Hany Kadiri Dimian said.
Political turmoil f
Tunisia plans to issue around $1.8 billion in new foreign bonds with guarantees from the US and Japan, and a $435 million sukuk, this year, in major steps to help its economy to recover after its 2011 uprising.
Three years after t
The United Arab Emirates' financial market regulator has issued rules allowing the issuance and trading of covered warrants, a step towards developing its equities market.
The Securities and Commodities Authority set condition
Bahrain Commercial Facilities Company (BCFC), the largest consumer finance company in the kingdom, has raised BD20 million ($53 million) via a bond issue, said a report.
The bonds have a maturity of five years with interest paid quarter
Qatar's central bank plans to issue on Thursday conventional and Islamic government bonds worth a combined 24 billion riyals ($6.6 billion), it said on Monday, a much larger amount than it has offered in past quarterly debt auctions.