Business Blog

Despite concerns, most foreigners interviewed chose to remain calm over such episodes, especially after experiencing a string of incidents earlier in the year.

The number of Muslims performing the Umrah pilgrimage is expected to increase with the advent of Ramadan. The latest statistics reveal that around 5.3 million pilgrims have entered the Kingdom up until Sunday since the beginning of the Umrah season.

KUALA LUMPUR, June 24 (Reuters) - Malaysia&aposs Bank MuamalatBUKHCM.UL , a unit of sovereign fund Khazanah and auto-to-property conglomerate DRB-Hicom Bhd DRBM.KL , will raise up to 2 billion ringgit ($621.7 million) with Islamic bonds, credit agency Malaysian Rating Corp Bhd (MARC) said on Tuesday.MARC gave the sukuk programme a preliminary rating of A or &aposstable&apos to reflect the bank&apo

(Adds revised pricing)DUBAI, June 23 (Reuters) - Abu Dhabi&aposs Al Hilal Bank plans to raise $500 million from a capital-boosting Islamic bond issue, with pricing tightening ahead of completion on Tuesday due to investor demand, a document from lead arrangers said on Monday.Pricing for the transaction, which has a perpetual tenor but can be bought back by the lender after the fifth year, was revi

DUBAI, June 24 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch of their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares muted, currencies in well-worn ranges MKTS/GLOB* Brent crude falls again as Iraq supply fears ease O/R* Gold rises on Iraq, S&P drop; platinum down as strike endsGOL

(Adds revised pricing)DUBAI, June 23 (Reuters) - Abu Dhabi&aposs Al Hilal Bank plans to raise $500 million from a capital-boosting Islamic bond issue, with pricing tightening ahead of completion on Tuesday due to investor demand, a document from lead arrangers said on Monday.Pricing for the transaction, which has a perpetual tenor but can be bought back by the lender after the fifth year, was revi