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Nasdaq Dubai sees $100bn in Islamic finance dealsTransactions on the Nasdaq Dubai Murabaha Platform for Islamic financing have exceeded a total of $100 billion, reflecting its popularity with corporate and individual users. Established jointly by Nasdaq Dubai and Emirates Islami More… |
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Saudi Kayan signs $700m Islamic financing dealsSaudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corporation (Sabic), said it has signed two Islamic financing deals totalling SR2.63 billion ($700 million) . The funds will be used by Kayan to fund an inc More… |
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Saudi Kayan signs $700m Islamic financing dealsSaudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corporation (Sabic), said it has signed two Islamic financing deals totalling SR2.63 billion ($700 million) . The funds will be used by Kayan to fund an inc More… |
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Egypt sugar project wins Islamic financingEgypt's Al Nouran sugar production facility, a 2.5 billion Egyptian pound ($357 million) project, could begin operations in 2016 after securing a Sharia-compliant financing package, the project sponsors said. Al Nouran is expe More… |
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KFH-Bahrain, Banader sign $47.5m financingKuwait Finance House – Bahrain, a provider of Islamic banking services, has signed a BD18 million ($47.5 million) project finance deal with Banader Hotels, officials said. The financing deal will provide the funding to compl More… |
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KFH-Bahrain, Banader sign $47.5m financingKuwait Finance House – Bahrain, a provider of Islamic banking services, has signed a BD18 million ($47.5 million) project finance deal with Banader Hotels, officials said. The financing deal will provide the funding to compl More… |
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First Gulf Bank Q4 profits up 12pc, beats forecastFirst Gulf Bank, the UAE's second-largest lender by market value, on Wednesday beat analysts' expectations with a 12-per cent rise in fourth-quarter net profit, boosted by higher interest income and Islamic financing. The More… |
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MENAdrill signs $130 million finance dealMENAdrill Investment Company (MIC), incorporated in Cayman Islands and principally promoted by First Energy Bank (FEB), has signed a three-year $130 million limited recourse Islamic financing with Gulf International Bank (GIB). The facilit More… |
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First Gulf Bank net surges 50pc to $952mFirst Gulf Bank (FGB), one of the leading UAE financial institutions, said its annual net profit for 2008 jumped 50 per cent to Dh3.5 billion ($952 million) when compared to the corresponding period in 2007. Announcing the results at the b More… |
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DIB, Al Abbas ink Lynx DSO dealDubai Islamic Bank (DIB) has signed a memorandum of understanding (MoU) with Al Abbas Group, a leading business group in the UAE, for the Lynx at Dubai Silicon Oasis, a project developed by Earth Developers, the real estate arm of Al Abbas Group. More… |
