Business Blog

Clifford Chance and Matouk Bassiouny have together advised Abu Dhabi Islamic Bank, Banque Audi, Banque Misr, as Senior Mandated Lead Arrangers, and the Islamic Corporation for the Development of the Private Sector (ICD), as Mezzanine Mandated Lead Arranger on and Islamic Shari'a compliant financial package of around EGP1.8 billion extended to Al Sharkeya Sugar Manufacturing S.A.E (ASSM) for the

Emaar PropertiesEMAR.DU has secured a USD1.5 billion sharia-compliant loan from five local lenders, two banking sources aware of the matter said on Wednesday.

QInvest sees Turkey as a key driver of growth in Islamic finance worldwide.

QInvest sees Turkey as a key driver of growth in Islamic finance worldwide.

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co plans to issue a debut riyal-denominated sukuk and is close to signing a 1 billion riyal (USD 266.6 million) loan, it said on Tuesday, to help fund expansion.

KUWAIT: National Bank of Kuwait (NBK) and Al-Khorayef Group, a leading Saudi group, signed yesterday a financing agreement to arrange a $56.8 million syndicated facilities with a tenor of five and a half years. The facilities will be used by Al Khorayef Group for its project with Kuwait Oil Company (KOC) for the supply of the electrical submersible pumping systems (ESP), the largest pr