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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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The Islamic Development Bank (IsDB) has agreed to $617m for funding development projects in several member countries. The projects include sectors such as education $174m for Indonesia, electricity energy development in Iran, Uganda and Bangladesh (totalling $319.6m), agriculture in Morocco ($80m), sanitation in Maldives ($15m) and health Mozambique ($10m).
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Sharjah Islamic Bank (SIB) drew some $3.2bn of orders for its $500m sukuk on Tuesday, despite pricing the deal inside its earlier official guidance range.
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Abu Dhabi Islamic Bank (ADIB) has closed a Dh302m ($82m) syndicated Islamic financing deal with the Emirates National Factory for Plastic Industries (ENPI).
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UAE based Ajman Bank has announced that it has appointed Mohammad Zaqout as the bank’s new chief executive officer. He will replace the former CEO Mohamed Amiri, who resigned earlier last week. No reasons were given for Amiri’s departure.
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Sharjah Islamic Bank (SIB) has issued its latest senior unsecured sukuk deal at a 2.95% profit rate after tightening substantially from initial price thoughts.
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Karachi, April 8, 2013: JCR-VIS Credit Rating Company Limited (JCR-VIS) has re-affirmed the entity ratings of Pak-Gulf Leasing Company Limited (PGL) at 'BBB+/A-3' (Triple B Plus/A-Three). Outlook on the ratings is 'Stable'.