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DIFC Investments, the investment arm of Dubai's financial free zone, will complete sukuk issue of up to USD 700 million later on Tuesday, with price guidance tightened slightly from earlier indications, a document from lead managers showed.

UAE's Abraaj Investment Management has made a formal offer of EGP 850 million (USD 118.88 million) for 100% of Bisco Misr, one of Egypt's main producers of cakes and biscuits, the regulator said.

Indonesia's Islamic insurance market will be reshaped over the the next decade by a new law that requires conventional firms to spin off their sharia-compliant units, while encouraging more foreign investors to enter the market.

Fitch Ratings has revised the Outlook on Malaysia's MNRB Retakaful Berhad's (MRT) Insurer Financial Strength (IFS) Rating to Negative from Stable and affirmed the rating at 'BBB+'.

Russia agrees to resume gas deliveries to Ukraine over the winter in a deal brokered by the European Union.

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