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EM debt investors had largely expected a debt treatment would be required
Undisclosed institutional shareholder sells stake in Wednesday evening ABB
The country is unlikely to issue new dollar bonds in the near future despite a big rally in yields
Underwriting left unused after deal is 33% oversubscribed
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Manama, Bahrain: Arab Banking Corporation (B.S.C.) ("ABC") announced today the appointment of the Governor of the Central Bank of Libya, His Excellency Saddek El Kaber, as the Chairman of its Board of Directors.
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Manama, Bahrain - 26 December 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD18 million issue, which carries a maturity of 91 days, has been subscribed by 183%.
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In recognition of its efforts and innovativeness in providing Shariah-compliant products and services: NCB named the Best Islamic Bank 2011 in GIFA Awards The National Commercial Bank has achieved a new prestigious title that reconfirmed its leadership position in the Islamic banking arena, following an announcement that was recently made in Oman, naming NCB as the Best Islamic Bank of the year. The award was presented in a special ceremony for the Global Islamic Finance Awards (GIFA), on the back of Oman's Islamic Economics forum which was held in the capital city of Muscat in the presence of a large number of industry leaders and officials including the former prime minister of Malaysia Tun Abdullah bin Haji Ahmad Badawi