China's Fiscal Expenditure Rises In June

NBAD Issues $465m convertible bonds
The National Bank of Abu Dhabi (NBAD) has issued $465m senior unsecured convertible bonds, convertible into ordinary shares of NBAD.

The offering, due in 2018, was increased from an initial

MAF to invest $1b in ’13
The UAE’s Majid Al Futtaim Holding — the sole franchisee of hypermarket chain Carrefour in the Gulf — said it foresaw capital investments of up to $1 billion this year as it steadily expanded its foo

Strong demand for Abu Dhabi bank bonds
The National Bank of Abu Dhabi (NBAD) has issued $ 465 million senior unsecured convertible bonds, convertible into ordinary shares of NBAD.

The offering, due in 2018, was increased from an

$ 750 m sukuk: Saudi developer closes 1st tranche
Bank Alkhair has announced the successful close of the first tranche of a $ 750 million sukuk program established by Dar Al Al-Arkan Real estate Development Company (Dar Al-Arkan), a major residentia

CIS steel export prices crumble under Chinese heat
As anticipated, the Chinese onslaught has started showing the ill effects on CIS based steel export market

As per latest information from Black Sea, the steel export market dynamics remain