Middle East

The government's lira deposit scheme means Turkish banks are looking to dollarise

Bankers had suggested any dovish tilt from the Fed would lead to new EM issues

The fertiliser industry is among the few sectors to thrive in the bearish market

Saudi Arabia’s IPO market is thriving amid the turmoil caused by Russia’s invasion of Ukraine

Headwinds build for the Turkish sovereign but it should still be able to service its debts

Middle East market the only game in town for ECM after a bear market for equities arrived in Europe on Monday, following reports that the US and its allies are considering an embargo on Russian crude oil

The well known issuer also saw a high level of interest from international investors

Kuwaiti lender Boubyan Bank put its sukuk on hold on Thursday after the Russian invasion of Ukraine shut down primary bond markets

The wider CEEMEA primary bond market has been shut for a week but sukuk issuers are ploughing ahead

DMO a beacon of reassurance to markets amidst the mayhem

Sukuk investors still keen on new issues but international buyers remain wary

Niche deals and Islamic finance can still be done despite fears over possible Ukraine invasion