Luxembourg hopes to adopt a bill before the summer holidays that would allow it to issue its first Islamic bond, with the AAA-rated sovereign opening the door to future sukuk issuance, a filing with the legislature said.
Private investors from Gulf countries, including a royal family from the UAE, plan to establish the first full-fledged Islamic bank headquartered in the euro zone, an executive said on Tuesday.
The investors aim to launch the vent
Luxembourg-based Clearstream and Dubai Commodities Clearing Corporation (DCCC), the central counterparty (CCP) of the Dubai Gold & Commodities Exchange, have agreed to co-operate on collateral management for CCP margining.
Turkish Airlines will start operations to five new destinations this month, in addition to Al-Qassim in Saudi Arabia, to which it began services today.
The other destinations are Marseille (France), Constanta (Romania), Tallinn (E
The European Union should focus on implementing its current sanctions against Iran over Tehran's nuclear programme rather than imposing new measures for the moment, Britain's Foreign Secretary William Hague said on Monday.
Luxembourg said on Wednesday it had taken back a stake in freight-only airline Cargolux from Qatar Airways (QA) with the intention of selling it on soon.
Luxembourg sold the 35 percent stake to Qatar Airways last year, and bought
Qatar Airways is to sell its stake in Luxembourg's all-cargo airline Cargolux after a disagreement over the future direction of the airline, a Cargolux spokeswoman said on Saturday.
Qatar Airways bought a 35 per cent stake fro
Leading provider of satellite services, Intelsat SA has signed a multi-year agreement with Etisalat for capacity on Intelsat 22, scheduled to launch in late March.
As part of the multi-transponder agreement, Abu Dhabi-based Etisalat will
Luxembourg-based Canadian Mineral Water has joined hands with Dubai's Number 1 General Trading group to officially launch its gold-filtered natural mineral water brand, Gize, in the Gulf region and Yemen.
Speaking at the