Masraf Al Rayan, Qatar's largest Islamic lender by market value, reported an 8% increase in first-quarter net profit on Wednesday, beating analysts' expectations.
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Dubai's government hopes its first 15-year sukuk issue - an unusually long tenor for an Islamic bond - will pave the way for long-term debt sales by its state companies, the Department of Finance said on Wednesday.
Abu Dhabi's Mubadala, rated Aa3/AA/AA, has launched a USD750m eight-year bond at 120bp over seven-year US Treasuries, according to a lead manager.
Kuwaiti firm Al Madina for Finance and Investment Co. said on Wednesday it was uncertain of its ability to continue as a going concern, after posting a 26 percent drop in assets and widening its losses for the last financial year.
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April 22, 2014 Dubai - Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of the maritime sector in Dubai, has announced its firm commitment to supporting the Dubai Maritime Vision 2030 plan of creating a vibrant and safe maritime environment in the next two decades and establishing Dubai as a leading global maritime
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Japan's Kyoto City has opened a promotional office in Dubai to encourage travellers from the Gulf to visit the city, according to a statement by the Kyoto Convention & Visitors Bureau on Sunday.
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