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Tight price and strong book reported as market awaits geographic breakdown
Flood of AT1s expected to follow the first public trade from the Gulf in over two months
Announcements could come as early as Monday, the two month anniversary of the last public GCC trades
Islamic investors have been a safe haven for Gulf issuers in the past, and can be now
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Iranian firms are still hoping for an end to crippling financial sanctions later this year and launching new business ventures in preparation. The latest is Kardan Investment Bank, which launched three new funds this week as part of an effort to modernise Iranian asset management.
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Etisalat Egypt has agreed a $120m loan with two international banks.
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Iranian firms are still hoping for an end to crippling financial sanctions later this year and launching new business ventures in preparation. The latest is lender Kardan Investment Bank, which launched three new funds this week as part of an effort to modernise Iranian asset management.
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Dar Al Etiman, the financial arm of Saudi based United Motors Agencies (UMA), has hired Shariyah Review Bureau (SRB) to supervise a new offering of Shariah compliant products.
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Fitch has appointed Bashar Al Natoor to the newly created position global head of Islamic finance, which it created in response to the industry’s rapid growth.
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On February 11, GlobalCapital held its annual Syndicated Loans and Leveraged Finance industry dinner and announced the winners of the Loan Awards 2014.