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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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National Bank of Kenya (NBK) has launched an Islamic banking business as part of its expansion into the retail and corporate segments.
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The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), has signed financing facilities for the Al Nouran Sugar project in Egypt.
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The United Nations (UN) and the International Islamic Trade Finance Corporation (ITFC) have signed an agreement which will aim to address poverty and create jobs through trade reforms in the Middle East and North Africa.
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The Bombay Stock Exchange (BSE) and Standard & Poor’s Dow Jones Indices have launched the S&P BSE 500 Shariah index.
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Egypt’s Shura Council (upper parliament) has agreed a final sukuk bill which meets demands made by Al Azhar scholars. Accord between the two authorities paves the way for the country to issue its first sovereign sukuk.
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The Sheikh Zayed Grand Mosque Centre (SZGMC) has undertaken an initiative to fund projects for Egypt's Al Azhar for around Dh250m ($68.1m)