Business Blog

Dubai's Emirates Airline has agreed a USD 425 million loan from a group of banks to fund the acquisition of two Airbus A380 superjumbos, one of the lenders said.

Halal food and beverage market is becoming increasingly popular worldwide and has grown to a USD1.1 trillion industry in 2013, states the latest research note by Dubai Chamber of Commerce and Industry based on a recent study by Thomson Reuters in collaboration with Dinar Standard.

Luxembourg appointed HSBC and BNP Paribas as co-lead arrangers of its first issue of sovereign Islamic bonds, and is organising a roadshow for investors at the end of September.

Latham & Watkins advised JPMorgan, Samba Financial Group and Saudi British Bank, as Mandated Lead Arrangers, in connection with a SAR3.2 billion murabaha bridge financing for Bahri.

Rising population and regulatory changes offer hope for Morocco, Tunisia and Algeria's underdeveloped insurance sector.

The global halal food and beverage (F&B) market is forecast to grow from $1.1 trillion in 2013 to $1.6 trillion by 2018 at a compound annual growth rate (CAGR) of around 6.9 per cent.