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Near $1bn attrition from an order book on Tuesday shows buyers have limits
Another Dubai real estate firm priced fresh sukuk well inside its curve
After a very busy period since June began, the pipeline has thinned out
Another Saudi lender is preparing a senior debut
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Tunisia launched a $500m seven year bond this week with a full guarantee from USAID, as part of US efforts to help the country through its transition to a new democratically elected government.
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Saudi Arabian firm Umm Al-Qura Cement Co has signed its first ever Shariah-compliant financing facility, a SR618.8m ($165m) three year deal with Saudi British Bank.
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Islamic bankers don’t need new excuses to travel to the world’s sunnier climes, but meetings in Mauritius next to its pristine coral sand beaches could soon become a feature of the market – and not just for obvious reasons.
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Abu Dhabi Islamic Bank plans to convert Barclays’ United Arab Emirates retail banking business by the end of this year and has seen its own net profit jump 22.5% in the second quarter, to Dh454.8m ($123.8m).
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The Central Bank of Bahrain has sold BD36m ($95.4m) of its monthly sukuk salam with fewer orders than last month’s issue.
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Alizz Islamic Bank has promoted its chief financial officer, Saif Al Yarabi, to general manager and chief operating officer. The appointment comes amid various hires to the firm.