Business Blog

Investment Corporation of Dubai picks banks for potential bond

State-owned fund Investment Corporation of Dubai has mandated banks for a potential US dollar bond, according to a source.
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Investment Corporation of Dubai picks banks for potential bond

State-owned fund Investment Corporation of Dubai has mandated banks for a potential US dollar bond, according to a source.

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UK financials cap European shares, offset chemicals boost

* FTSEurofirst 300, Euro STOXX 50 both flat * Barclays, Aberdeen weigh after weak updates * DSM, Solvay boosted by brighter outlook By Francesco Canepa LONDON, May 6 (Reuters) - European stocks were flat on Tuesday as upbeat outlook statements from...
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GIH faces Kuwait shares suspension if misses AGM deadline - watchdog

Kuwait's financial regulator has given investment firm Gulf Investment House GIHK.KW until Sunday to hold its annual general meeting (AGM) and approve 2013 results or face a suspension of its shares.

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GIH faces Kuwait shares suspension if misses AGM deadline - watchdog

Kuwait's financial regulator has given investment firm Gulf Investment House GIHK.KW until Sunday to hold its annual general meeting (AGM) and approve 2013 results or face a suspension of its shares.

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© Zawya.com

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Indonesia sells 935 bln rph of Islamic bonds, below target; yields mixed

JAKARTA, May 6 (Reuters) - Indonesia&aposs finance ministry sold 935 billion rupiah ($81.18 million) of Islamic bonds at an auction on Tuesday, below an indicative target of 1.5 trillion rupiah, the ministry&aposs debt office said.The ministry sold all offered Islamic bonds but the six-year project-based sukuk, with yields mixed compared with the previous auction on April 22.The weighted average y
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