Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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Dubai Electricity and Water Authority (DEWA) has said it has no plans to issue sukuk in 2012, despite ongoing infrastructure projects and a sukuk maturity in November. Indeed, the state utility company plans to repay the AED1.2bn sukuk early, in the third quarter, according to reports citing its chief executive officer Saeed Mohammed Al-Tayer.
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Bank of London and The Middle East has decreased the minimum investment amount required to open one of its Premier Deposit Accounts from £50,000 to £25,000.
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Saudi real estate developer Dar Al Arkan was a focus of Middle East investor interest on Monday, with its stock rising sharply on a pledge by the company to meet debt repayments. Dar Al Arkan was quoted up nearly 6.5% on the day at around SR10 ($2.67), its highest level for over a year.
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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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We have become aware of a malicious email being circulated by an "Anonymous" source with a link to a website. We believe that this is an attempt to harm Dar Al Arkan, and its Investors.
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Karachi, March 2, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the Sukuk rating of Quetta Textile Mills Limited (QTML) to 'BBB - ' (Triple B Minus) from 'BBB+' (Triple B Plus). Outlook on the rating has been revised from 'Stable' to 'Negative'.