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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.
The Saudi Arabian General Investment Authority (SAGIA), represented by the Deputy Governor for the Development of Investment Environment, Dr. Ayedh bin Hadi Al-Otaibi, participated in the Sixth Saudi
Lower oil prices are expected to boost profits at Middle East airlines in 2019 as a decade of double-digit growth starts to slow. The 2019 industry outlook from the International Air Transport Associ
A forum organised by the Oman Banks Association was attended by a large number of senior bankers from the different banks operating in the Sultanate. The forum was held under the auspices of Tahir Sa
Oman Daily Observer
The UAE Central Bank has started work on a digital currency, together with the Saudi Arabian Monetary Authority (SAMA), in an effort to speed up financial transactions between the two countries.
The Central Bank of the UAE, CBUAE, today hosted a workshop with the Central Bank of China and the Agricultural Bank of China on ‘Improving the Renminbi Clearing in the UAE’.
The aim of th
The Gulf Today