Business Blog

DUBAI, June 10 (Reuters) - Qatar&aposs central bank plans to issue 4 billion riyals ($1.1 billion) worth of local currency government bonds next week, it said on Tuesday, including a new seven-year tranche to build a longer yield curve.The debt, to be auctioned on Sunday, will include 2.1 billion riyals worth of three-year conventional bonds and 950 million riyals each of five- and seven-year tran

Qatar's central bank plans to issue QAR 4 billion (USD 1.1 billion) worth of local currency government bonds next week, it said on Tuesday, including a new seven-year tranche to build a longer yield curve.

The malls unit of Dubai's Emaar Properties has set initial price thoughts on a debut Islamic bond issue of ten years duration, which is set to be sold this week, a document from lead managers said.

Egypt's Wethaq Takaful Insurance will pump EGP 40 million to increase its capital to EGP 100 million within the few coming months, managing director Abdel Latif Salam said on Tuesday.

Saudi Telecom said it had completed a SAR 2 billion, 10-year debut sukuk issue.

Saudi Telecom Co, the Gulf's largest telecommunications operator by market value, said it had completed a SAR 2 billion (USD 533 million), 10-year debut sukuk issue.