Business Blog

Dubai's Atlantis, a luxury hotel situated at the top of a palm-shaped manmade island, refinanced an USD 880 million loan to take advantage of favourable market conditions and secure a better interest rate, the company confirmed to Reuters.

Malaysia is adjusting its tax structure to favour issues of some types of Islamic bond, in a move that could attract more foreign issuers and investors to its market and narrow differences with the Gulf, the other main centre of Islamic finance.

Malaysia is adjusting its tax structure to favour issues of some types of Islamic bond, in a move that could attract more foreign issuers and investors to its market and narrow differences with the Gulf, the other main centre of Islamic finance.

Abu Dhabi Abu Dhabi is poised to become a leading destination for Halal Tourism, a fast emerging concept in the tourism industry that offers a range of holiday packages adhering to Islamic beliefs and practices.

Low-cost airline flydubai is in talks with advisers for a potential bond issuance, after reports that the carrier had mandated seven banks for a debut Islamic bond, the carrier said.

UK bank Aldermore scraps its plans to float on the London Stock Exchange, citing the "recent deterioration of global equity markets".