Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Even if ceasefire succeeds, investors will still want a risk premium
Demand allowed the bank to cut the yield by 35bp
The country offers huge potential and possible pitfalls for investors
A piece of very rare African senior bank issuance could also come this week
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All eyes will be on Aldar Properties when Gulf investors return to the market on Thursday, with still no official word given on how the firm plans to meet its 10 November sukuk maturity. There has been growing confidence that Aldar will pay off the outstanding amount from the AED9.29bn ($2.53bn) convertible sukuk, despite some speculation that Abu Dhabi may need to step in again with aid for it to do so.
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Manama, Bahrain: ABC Islamic Ban today announced a net profit of $6.7 million for the first nine months of 2011, 320% higher than last year. Net profit for the third quarter was $1.6 million compared to $2.1 million in the second quarter.
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in the GCC Financial Markets :LTIT 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.