Business Blog

Muscat Securities Market's revised shariah index will start trading on Sunday.

Egypt's Arab Orient Takaful Insurance company purchased today EGP 50 million (around USD7 million) worth of investment certificates to fund the second Suez Canal project.

The Government of Hong Kong has announced plans to list its first offering of USD 1 billion (AED 3.68 billion) sukuk on Nasdaq Dubai.

KUALA LUMPUR, Sept 12 (Reuters) - MENA Infrastructure, a private equity firm jointly owned by HSBC HSBA.L , Dubai-based Fajr Capital and Abu Dhabi's Waha Capital WAHA.AD , aims to make its first foray into Turkey next year. It plans to raise $500...

* Order book was about $7.85 billion from 250 accounts* Sukuk issued at a profit rate of 3.764 percent* Priced within Dubai 2023 sukuk* Investors see firm backing for Sharjah from Abu Dhabi* Prosperity from south of UAE spilling into north(Adds details, quotes, data)By Archana NarayananDUBAI, Sept 10 (Reuters) - The emirate of Sharjah attracted massive demand at its first international debt sale o

* Order book was about $7.85 billion from 250 accounts* Sukuk issued at a profit rate of 3.764 percent* Priced within Dubai 2023 sukuk* Investors see firm backing for Sharjah from Abu Dhabi* Prosperity from south of UAE spilling into north(Adds details, quotes, data)By Archana NarayananDUBAI, Sept 10 (Reuters) - The emirate of Sharjah attracted massive demand at its first international debt sale o