Business Blog

By Bernardo VizcainoJune 18 (Reuters) - Pakistan&aposs central bank will auction a three-year local currency sukuk, or Islamic bond, more than a year after it last issued such an instrument, adding a much needed liquidity management tool for domestic Islamic banks.The central bank did not give a target size for the sukuk, which will be backed by motorway assets in Punjab province and use an ijara

DUBAI, June 19 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch of their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asia stocks rise on Fed optimism, dollar struggles MKTS/GLOB* Brent rises above $114 on Iraq worries, U.S. crude dipsO/R* Gold holds gains as Fed cuts economic view; platinum cl

DUBAI, June 19 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch of their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asia stocks rise on Fed optimism, dollar struggles MKTS/GLOB* Brent rises above $114 on Iraq worries, U.S. crude dipsO/R* Gold holds gains as Fed cuts economic view; platinum cl

A little more than a year ago, Arabtec’s founder and CEO Riad Kamal resigned on 27 February, 2013 and was replaced by Hasan Abdullah Ismaik.

Muscat International Airport witnessed a significant growth in year-to-date aircraft movements and passenger numbers by the end of April.

Turkish participation bank Kuveyt Turk plans to price a benchmark-sized Islamic bond issue on Thursday after giving initial price thoughts for the five-year offering, a document from lead managers said.