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The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP
Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
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In the latest of a series of memos announcing the new leadership structure for corporate and investment banking at Bank of America Merrill Lynch , the bank said it had appointed Hakim Karoui and Wadih (Woody) Boueiz as co-heads of CIB for the Middle East and North Africa.
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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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Egypt plans to develop an Islamic finance market through sukuk in parallel with its existing banking system, as it looks to position itself as a "Mecca for investors", said the country's prime minister, Hisham Qandil.
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Source: South China Morning Post Publishers Limited