The UAE was the most active nation in the Middle East in the first half of 2014 in terms of debt capital market activity in 2014, accounting for 55 per cent of activity, followed by Saudi Arabia with 28 per cent, Thomson
Kuwait Energy mandates BofA for bond roadshow starting Tuesday -IFR
Kuwait Energy Plc (IPO-KEC.L: Quote), an independent oil and gas company with assets across the Middle East, has mandated Bank of America Merrill Lynch as sole bookrunner and lead manager for fixed income investor meetings from July 15.
Stellar month for MENA bonds market
The MENA conventional bonds market rebounded strongly in June, with total value of issuance more than doubling to USD 9.69 billion provided to domestic and international investors via 26 issues.
National Bank of Egypt eyes dollar-denominated bond sale in 2014
The National Bank of Egypt ( NBE ) plans to issue a dollar-denominated bond this year to tap international markets for up to USD 1 billion, the chairman told Zawya.
Investors worry over Dubai mega-mall
Emerging markets US$6.
Surge in June issuance lifts H1 volume
KUWAIT CITY: The global primary sukuk market has outperformed in the first six months of 2014 as an issuance rally in the month of June has enabled 1H2014's volume to amount to $66.2bln, an 8.2% higher value as compared to the $61.2bln volume in the same period last year.
A tale of two cities
Dubai, with its ambitions to become the capital of the Islamic economy, could learn a lot from Malaysia.
Moody’s Shows Sharjah Coming of Age With Sukuk: Islamic Finance
As Dubai works toward its ambition of becoming the global capital of the burgeoning Islamic economy within three years, neighboring emirate Sharjah is also getting bigger in Shariah finance.
Kuwaiti bank gets approval to raise up to $425m via bonds
Commercial Bank of Kuwait, the Gulf state's fifth-largest lender by assets, has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds, as it prepares to convert into an Islamic bank.