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Deal the first Kuwaiti Sharia-compliant transaction closed with Chinese banks
Tight spreads may tempt issuers even if all-in yields are higher than earlier in 2026
Only one Gulf issuer has printed a blue bond in the public market
Some say UAE central bank liquidity has prompted banks to retrench
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Ooredoo, formerly known as Qatar Telecom, is wrapping up a $500m Shariah-compliant five year revolving credit facility, say bankers involved in the deal.
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Central Bank of Bahrain has launched a new wakala instrument, aimed at absorbing excess liquidity among local Islamic banks, an official at the central bank told IFIS.
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Narjess Aschi has been appointed Citi’s new head of financial institutions corporate banking for the Middle East and North Africa.
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National Bank of Kuwait is marketing its first Basel III compliant additional tier one security at high 5% area. This is BNK’s first appearance in the international market since 2002.
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QNB Finance has sold a rare series of medium term notes in renminbi, capitalising on a favourable dollar basis swap with the Chinese currency.
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Narjess Aschi has been appointed Citi’s new head of financial institutions corporate banking for the Middle East and North Africa.