Business Blog

Gulf markets edge lower, UK sukuk ruling hits Dana Gas

Dubai's index fell 0.3 percent as Emaar Properties lost 1 percent

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  506 Hits

Judge rules in favour of creditors in Dana Gas Islamic bond case

A London High Court judge ruled in favour of creditors in a case over whether energy company Dana Gas must repay $700mln of Islamic bonds

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  463 Hits

Bahrain expected to offer premiums to issue multi-tranche bond

Bahrain is expected to offer investors significant premiums over its outstanding debt.
  732 Hits

Dubai's Union Properties may issue sukuk to back MotorCity project

Company will raise about $545mln per year of financing, says chairman.
  731 Hits

Bahrain's Al Baraka revs up Africa footprint with Morocco venture

Bahrain's Al Baraka Banking Group plans to launch an Islamic finance venture in Morocco in an effort to diversify assets and revenues as the lender expands its operations in Africa
  644 Hits

Mideast stocks factors to watch on September 7

Here are some factors that may affect Middle East stock markets on Thursday.
  693 Hits