NMC Health Goes into Administration after Succumbing to Creditors
Just two years after its market value soared to more than $10 billion, NMC Health Plc was placed in administration by a London court...
Liquidity Stress Highlights Importance of Effective Sharia-Compliant: Fitch Ratings
The recent disruptions caused by the coronavirus and the oil price slump are affecting Islamic banks’ liquidity and highlight the need to develop deeper...
UAE-Based NMC Heads to Administration After Bowing to Creditor Demands
NMC Health Plc has bowed to creditor demands to be placed into administration, saying it’s in no position to contest Abu Dhabi Commercial Bank...
Abu Dhabi to Sell Foreign Bonds to Bolster Finances
Abu Dhabi joined the list of Gulf states selling foreign bonds to bolster their finances in the face of falling oil and gas prices.
The...
Egypt Approves First Issuance of Sukuk by Talaat Mostafa Subsidiary
Egypt’s Financial Regulatory Authority approved the first issuance of sukuk, or Islamic bonds, worth 2 billion Egyptian pounds ($127 million) by a subsidiary of...
Oman’s Meethaq mBanking App Provides Easy Access to Banking Services
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in step with the bank’s vision ‘To serve you better, every day' has...