Business Blog

Oman's central bank will allow banks to count Treasury bills, government development bonds and government sukuk towards their reserve requirements.

JAKARTA, April 5 (Reuters) - Indonesia&aposs finance ministry sold INR5.79 trillion (USD438.14 million) of Islamic bonds at an auction.

Islamic Corporation for the Development of the Private Sector (ICD) has announced initial price thoughts for a five-year sukuk issue of benchmark size which it plans to price as early as Tuesday.

Kuwait's govt plans to issue KWD2 billion (USD6.6 billion) of Islamic and conventional bonds to help cover budget deficit created by low oil prices.

Oil prices hit one-month lows as prospects of Middle East producers agreeing to curb chronic oversupply faded.

Stock markets in the Gulf may edge down on Monday after oil prices extended their losses, though Egypt may take its cue from upbeat Asian bourses.