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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.
Fitch Ratings has affirmed Industrial Bank of Kuwait's (IBK) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bb+'. A
The Abu Dhabi Investment Authority (ADIA) has committed an investment of up to $1 billion to India's National Investment and Infrastructure Fund (NIIF), according to a report.
ADIA will be
Saudi Arabia’s Public Investment Fund (PIF) announced on Monday planning to establish the Saudi Recycling Company, a new waste management government enterprise aiming to support and operate the PIF
The UAE's diamond financing industry has grown by nearly 200 per cent over the last few years and is now nearing maturity, said a UAE banker on Monday.
Davy Blommaert, unit head - precious
The top 10 ongoing projects in the residential building sector are contributing an estimated $21.6 billion to the UAE construction market, said a report released ahead of The Big 5 expo in Dubai.