Middle East and North Africa

Middle East and North Africa

COVID-19 to Impact GCC Sukuk Issuance in 2020

Islamic finance is set to keep expanding in 2020 and beyond as the GCC countries and Malaysia help drive growth in Shariah-compliant financial products,...

When ‘Green’ Financing Turns Sustainable

The urgency to address climate change has caused investors to put sustainability and Environmental, Social and Governance (ESG) practices at the heart of their...

Islamic Trade Finance Body Launches $850m Coronavirus Financing

Riyadh International Islamic Trade Finance Corp (ITFC) is providing $850 million in emergency financing to governments to help cushion the economic impact of the...

Weaker Gulf Corporate Bonds May Attract Yield-Chasing Investors

After a sell-off sparked by lower oil prices, bonds of Gulf companies are now offering yields comparable to junk-rated debt in other regions, potentially...

Gulf Marine Services Secures New Debt Deal with Lenders

Gulf Marine Services, the Abu Dhabi-based offshore services company, reached an agreement with a consortium of six lenders to restructure its debt. The agreement will...

Abu Dhabi Islamic Bank’s Shareholders Approve Increase in Foreign Ownership Limit

Shareholders of Abu Dhabi Islamic Bank (ADIB) have voted in favour of increasing the foreign ownership limit from 25% to 40% at the bank’s...