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Dana plans profit rate cut on sukuk in restructuring twistDana Gas, the Middle East's largest regional natural gas company, plans to more than halve profit rates on $700 million of its Islamic bonds after they were found to be non-compliant with religious law, adding a new twist to a debt restruc More… |
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Dana plans profit rate cut on sukuk in restructuring twistDana Gas, the Middle East's largest regional natural gas company, plans to more than halve profit rates on $700 million of its Islamic bonds after they were found to be non-compliant with religious law, adding a new twist to a debt restruc More… |
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Global CoCo issuance this year to stay steadyGlobal issuance of contingent convertible bonds, or CoCos, in 2017 will be similar to last year (about $75 billion in 2017 vs. $78 billion in 2016) as banks have to a large extent already satisfied their capital needs, says Moody's in a repo More… |
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Global CoCo issuance this year to stay steadyGlobal issuance of contingent convertible bonds, or CoCos, in 2017 will be similar to last year (about $75 billion in 2017 vs. $78 billion in 2016) as banks have to a large extent already satisfied their capital needs, says Moody's in a repo More… |
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Takaud launches new high-returns savings planTakaud, a specialist provider of savings, investment and pension solutions in the Mena region, has launched Tawfeer, a first of its kind savings plan in Bahrain and the GCC. Tawfeer provides retail customers with access to Takaud Bond S More… |
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GCC money markets slowing down: reportGCC money markets are slowing down, with softening of foreign exchange, credit default swap, corporate bond and equity market pricing resulting from continued macro-economic uncertainty, a report said. Saudi Arabia, Oman and Bahra More… |
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National Bonds rewards minor bondholders with Eid prizesFor the seventh year in a row, National Bonds Corporation, the leading sharia-compliant savings and investment company in the UAE, is distributing ‘Eidiyah’ to more than 500 lucky minor bondholders. Eidiyah is an annua More… |
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Mideast funds become more wary of bondsMiddle East fund managers have turned negative towards fixed income for the first time since January because of the prospect of US monetary tightening and a flood of bond supply expected from governments in the region, a monthly Reuters poll fou More… |
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Dewa says no fundraising plans for 2016 or 2017Dubai Electricity & Water Authority (Dewa) has no plans to raise new funds in 2016 or 2017, Dewa managing director and chief executive Saeed Mohammed Al-Tayer told Reuters on Monday. Most of the utility's renewable project More… |
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Saudi govt selling $5.3bn bonds, says reportThe Saudi Arabian government is selling up to SR20 billion ($5.3 billion) of domestic government bonds to banks in a monthly sale to help cover a budget deficit caused by low oil prices, Maaal financial website reported on Tuesday. More… |
