Business Blog

RAM Ratings has reaffirmed the AA2(s)/Stable rating of Sarawak Power Generation Sdn Bhd's (SPG or the Company) RM215 million Serial Sukuk Musharakah (2006/2021) (Sukuk).

Manama, Bahrain, 22 September 2014 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD36 million issue, which carries a maturity of 91 days, has been oversubscribed by 190%.The expected return on the issue, which begins on 24 September 2014 and matures on 24 December 2014, is 0.72%, compared with to 0.70% for the previous issue.T

After years of rumours and false alarms, Saudi Arabia is finally opening its stock market to direct foreign investment.

DUBAI, Sept 22 (Reuters) - Here are some factors that may affect Middle East stock markets on Monday. Reuters has not verified the press reports and does not vouch of their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares slip, dollar pulls away from highs MKTS/GLOB* Brent falls back below $98 on sluggish demand, ample supply O/R* MIDEAST STOCKS-Most markets pull back after strong gain

DIFC Investments is looking to raise as much as USD700 million by issuing a sukuk to help repay existing debt and fund real estate development.

Spending by the Muslim population on clothes is expected to grow from USD 224 billion in 2012 to USD 322 billion by 2018, according to Dubai Chamber of Commerce.