Business Blog

Abu Dhabi's Al Hilal Bank uses blockchain to sell sukuk in secondary market

Abu Dhabi's Al Hilal Bank has executed the world's first sukuk transaction using blockchain technology, it said
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BRIEF-UAE's Dana Gas Updates On 4% Nile Delta Sukuk Ltd Certificates

Nov 22 (Reuters) - DANA GAS DANA.AD :* ANNOUNCES A BUYBACK OF APPROX. $14 MILLION OF 4% NILE DELTA SUKUK LTD CERTIFICATES- REG S OF THE ISSUER IN NOVEMBER 2018* SAYS THESE BOUGHT BACK SUKUK WILL BE DELIVERED TO BANK OF NEW YORK MELLON ("PRINCIPAL PAYING AGENT") IN DUE COURSE FOR EFFECTING CANCELLATION* SAYS POST CANCELLATION, THE TOTAL OUTSTANDING OF THE 4% NILE DELTA SUKUK LTD CERTIFICATES WOULD
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Mideast Stocks: Factors to watch on November 21

Here are some factors that may affect Middle East stock markets on Wednesday
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Turkey issues $597mln sukuk after strong demand, Treasury says

Turkey's Treasury said it issued a TRY3.2billion ($597million) sukuk, rather than the 2 billion it had initially planned
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UAE's Senaat hires banks for planned sukuk- document

The industrial group is planning a 5- to 7-year tenor fixed-rate U.S. dollar-denominated senior unsecured sukuk
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BRIEF: UAE's Gulf Navigation Shareholders Approve 100 Mln Dirhams Sukuk Issue

GULF NAVIGATION HOLDING GNAV.DU : * SHAREHOLDERS APPROVE ISSUANCE OF ISLAMIC CONVERTIBLE SUKUK FOR A VALUE OF 100 MILLION DIRHAMS * SAYS SUKUK ISSUANCE BY WAY OF A PRIVATE PLACEMENT TO WAHAT AL ZAWEYA INVESTMENT & REAL ESTATE DEVELOPMENT Source:...
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