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Nasdaq Dubai has welcomed the listing of a US$1.25 billion Sukuk issued by the Islamic Development Bank, IDB.
The listing brings the number of Sukuk listings by the IDB on the exchange to eight with a total value of $10.25 billion, making it one of the largest Sukuk issuers on Nasdaq Dubai. Based in Saudi Arabia, the IDB has 57 member countries and its activities are designed to foster their economic development and social progress.
Nasdaq Dubai provides the IDB and its other regional and international issuers with close links to investors around the world as well as a first class listing infrastructure.
IDB’s latest listing underlines Dubai’s stature as a leading global centre for Sukuk activity, with Sukuk listings in the Emirate currently totaling $52.465 billion.
Arada, the Sharjah-based real estate developer backed by the son of Saudi Prince Alwaleed bin Talal, is targeting Dh2 billion of revenues by next April, as it progresses unit sales on two schemes in
The Qatar Financial Centre (QFC) recently held an event to update its firms on the new rules being introduced globally to automatically exchange financial accounts information between countries.
The Public Establishment for Industrial Estates (PEIE), in cooperation with Muscat Securities Market (MSM), organised recently an awareness workshop on financial planning as part of MSM’s initiative
Times of Oman
Electronics giant Panasonic announced that it would take steps to deepen its reach in the Middle East, as the company celebrated 10 years of its existence.
The corporation’s executives sai
Times of Oman
With rising oil prices helping whittle down a debt burden presently equal to as much as 50 per cent of GDP, the Sultanate will likely see balanced budgets from 2023 onwards, according to an economist
Oman Daily Observer