Business Blog

Egypt's central bank will keep the pound stable at EGP 8.78 pounds to the dollar in Thursday's additional foreign currency auction.

National Bonds, a Dubai government-owned sharia-compliant investment company, said it is eyeing expansion into the rest of the Gulf region.

Nasdaq Dubai said it has welcomed the listing of two Sukuk issued by the government of Indonesia with a total value of USD 2.5 billion (AED 9.2 billion).

Islamic Corporation for the Development of the Private Sector (ICD) has launched a USD 300 million five-year sukuk that should price later on Wednesday, a document from lead managers showed.

Growth of Saudi Arabia's non oil private sector accelerated in March.

Egypt's Financial Supervisory Authority detailed regulations on Tuesday for the issuance of covered bonds.