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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.
Legal and financial experts along with representatives of companies discussed plans and orientations for the State of Qatar to become a regional center for financial technology with the aim of promot
Led by banks and petrochemical companies, the GCC listed companies third quarter aggregate earnings are expected to increase 4 percent year-on-year and 2 percent on quarter on quarter.
A total of nine international companies (and their joint venture partners) are competing for a licence to build a pair of large water desalination plants of an aggregate capacity of around 250,000 cu
Oman Daily Observer
The Federal Tax Authority (FTA) has announced that Tax Refund for Tourists Scheme goes into effect on November 18, allowing eligible tourists to request refunds of the Value Added Tax (VAT) incurred
The Gulf Today
UAE’s Federal Tax Authority (FTA) has announced that Tax Refund for Tourists Scheme goes into effect on November 18, allowing eligible tourists to request refunds of the value-added tax (VAT) incurre