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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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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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Aberdeen Islamic Asset Management has launched its Aberdeen Islamic Malaysia Equity fund and the Aberdeen Islamic World Equity fund. Aberdeen said these would be its first Shariah retail products in Malaysia and the first by a foreign fund manager.
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The Egyptian government has approved a new sukuk bill, finance minister El-Morsy Hegazy said on Wednesday, removing a key hurdle to the country's long awaited debut issuance.
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Oman Arab Bank is the latest bank in the sultanate to launch an Islamic banking business - adopting the brand name Al Yusr. It will open five branches this year and focus on retail, small and medium enterprises (SMEs) and corporate banking.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.