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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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Karachi, March 20, 2013: JCR-VIS Credit Rating Company Limited has upgraded the Insurer Financial Strength ( IFS ) Rating of Jubilee Life Insurance Company Ltd. (JLI) to 'AA' (Double A) from 'AA-' (Double A Minus). Outlook on the assigned rating is 'Stable'.
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Karachi, March 20, 2013: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Shafi Texcel Limited (STL) at ‘BBB/A-3’ (Triple B/A-Three). Outlook on the assigned rating is ‘Stable’.
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Oman has no plans to allow foreign Islamic banks to establish operations in the country for the foreseeable future, the Central Bank of Oman’s executive president said this week. Instead, the sultanate has decided to assess the market size and demand over the next two to three years, Hamood Sangour al Zadjali told reporters at the Oman Islamic Banking and Finance Conference in Muscat.
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Asset manager Saudi Economic and Development Company (Sedco) Capital has launched an investment platform for Shariah-compliant funds.
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Franklin Templeton Investments has unveiled three Shariah compliant funds in its newly launched, Luxembourg domiciled Franklin Templeton Shariah Funds (FTSF) range.
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