Middle East Bonds
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Although the GCC financial markets have generally seen a gradual consolidation of their recovery after the turbulence of the spring, they continue to be characterized by a paradox. In the words of Chief Economist Dr Jarmo Kotilaine of the National Commercial Bank : "At a time when economic growth in the region is accelerating, the performance of most market segments is uneven at best and typically marked by considerable intra-regional variation. While the subdued mood is partly due to country-specific factors, the markets have been above all hit by the intense global uncertainty." This state of affairs highlights the reality that the economic recovery in the Gulf still continues to be heavily linked to the strength of the hydrocarbons sector and to increased public sector spending.
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Manama, Bahrain - 24 October 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD 18 million issue, which carries a maturity of 91 days, has been oversubscribed by 250%.
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Manama, Bahrain -18 October 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 207.5%.
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Source: Access-Hungary Kft.Hungary around the clock
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Manama, Bahrain - 26 September 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD 18 million issue, which carries a maturity of 91 days, has been oversubscribed by 272%.
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Manama, Bahrain -20 September 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 242.5%.
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Manama, Bahrain - 29 August 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD 18 million issue, which carries a maturity of 91 days, has been oversubscribed by 178%.
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Manama, Bahrain -16 August 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 372.5%.
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Source: Asianet Pakistan
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