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Arab Petroleum Investments Corporation (APICORP) has mandated banks to arrange a series of fixed income investor meetings ahead of a potential five-year benchmark U.S. dollar-denominated sukuk sale, a document issued by one of the banks showed on Wednesday.
A benchmark deal is usually upwards of $500 million. Meetings will start on October 19 in Riyadh and end on October 24 in London.
APICORP has hired Bank ABC, Crédit Agricole Corporate and Investment Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH Capital and Standard Chartered Bank as joint lead managers and bookrunners for the planned deal.
The asset value of 48 banks operating in the UAE amounted to around Dh2.3 trillion (US$720 billion) by the end of September, according to UAE Central Bank statistics.
This proves that the
Dubai Municipality has begun exploratory work for a deep tunnel sewerage project that will cover key catchment areas of Deira and Bur Dubai.
The Dubai Strategic Sewer Tunnel Project, which
Electricity and water generation projects in Dubai will improve efficiency and generate cumulative savings of up to Dh70 billion ($19 billion) and reduce carbon emissions by 235 million tonnes by 203
Oman’s Islamic banks and window operations have shown a robust year-on-year growth of 31.82 per cent (OMR700 million) in financing at OMR2.9 billion by the end of September 2017, as against OMR2.2 bi
Times of Oman
Qatar Chamber yesterday hosted a delegation of businessmen from South Africa to discuss the prospects of enhancing joint cooperation in sectors including industry and agriculture. The South African d