Business Blog

Borse Dubai, the emirate's holding company for its stock exchanges, has refinanced a half-billion dollar loan at an ultra-low rate, setting the seal on its recovery from a financial crisis several years ago.

Company acknowledged for its anti-corruption programs and regulatory transparency

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The spread of Islamic trade finance is boosting demand for sharia-compliant reinsurance in the Gulf, trade credit insurer Euler Hermes says, predicting the sector could eventually account for over a third of its business in the region.

The spread of Islamic trade finance is boosting demand for sharia-compliant reinsurance in the Gulf, trade credit insurer Euler Hermes says, predicting the sector could eventually account for over a third of its business in the region.

(Adds launch pricing)DUBAI, June 24 (Reuters) - Abu Dhabi&aposs Al Hilal Bank will price its $500 million capital-boosting sukuk issue later on Tuesday at the tight end of revised guidance, a document from lead managers said, as high demand helped reduce the borrowing cost.The transaction, which has a perpetual tenor but can be bought back by the lender after the fifth year, will price at the tigh