Business Blog

Iran's Ministry of Finance has issued IRR5 trillion (USD145 million) at the free market exchange rate) of lease-based Islamic bonds.

Objective of financing to provide funding to build and develop infrastructure for phase one of Jeddah Economic City project, to continue construction of Jeddah Tower.

Islamic Development Bank (IDB) and the Republic of Mali have signed a USD44 million agreement for Phase II of the Kabala Water Project.

ITFC, a member of the Islamic Development Bank (IDB) Group, signed a USD75m Syndicated Murabaha with Senegal.

Here are some factors that may affect Middle East stock markets on Wednesday.

The IPO is set to be the first in the UAE since 2015