Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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United Arab Emirates district cooling service provider Empower has signed a $142m loan. The deal comes as data revealed an increase in loan volumes in the Middle East and Africa region.
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Ajman Bank has parted company with Mohammad Zaqout, its fifth chief executive officer to hold the position in four years. The bank said the decision was by mutual agreement.
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The government of Ras Al Khaimah (RAK) has given initial price thoughts of 200bp over mid-swaps area on a dollar denominated sukuk — its first issue since mid-2009.
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Gulf Finance House (GFH), a Bahraini Islamic investment bank, has elected its vice chairman Ahmed Al-Mutawa to chairman of the board. He will replace Essam Janahi, who resigned last week. -
Khaleeji Commercial Bank (KHCB) has hired Khalil Ismaeel Al Meer as its chief executive officer. He will fill responsibilities previously held by Ebrahim Hussain, who resigned last year.
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The sukuk market returned to form this week, sweeping US shutdown concerns aside with two popular and tightly priced benchmark dollar deals.
