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Trade was the largest so far from the Dubai property developer
Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
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Tunisia’s debut sovereign sukuk placement is being delayed until the end of this year or the beginning of 2015, according to an official at the ministry of finance. Tunisia originally planned to issue in the first half of 2014.
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Islamic loan bankers are backing their market to bounce back after a start to the year when volumes have been sluggish already compared to last year and refinancing needs are much lower than they were in 2013.
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Bank Muscat's Islamic banking arm, Meethaq, has signed a bancatakaful agreement — one between a bank and a takaful firm — with Al Madina Takaful to provide Shariah compliant insurance products for Meethaq customers.
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Middle East dollar sukuk will be firmly back on the menu from early next week, with investors sizing up both prime steak borrower Saudi Electricity Co and nouvelle cuisine Damac Real Estate Development.
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International law firm Trowers & Hamlins has promoted four new partners across its London, Dubai, Oman and Bahrain offices as the firm seeks to build its real estate and corporate advisory business.
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Damac Real Estate Development has lined up roadshows as it plans to issue a debut dollar sukuk.