Middle East and North Africa

Middle East and North Africa

Dana Gas Repurchases $133Mln Sukuk

Dana Gas, the Middle East’s largest regional natural gas company, on Sunday announced that it has bought back a total of $133 million sukuk...

ADIB’s Shareholders Approve Cash Dividends of 39.76% of Net Profits

Shareholders of Abu Dhabi Islamic Bank (ADIB) have approved the appointment of a new board of directors at the Annual General Meeting (AGM) that...

Fitch Affirms Qatar International Islamic Bank’s IDR at ’A’/Stable

Fitch Ratings has affirmed Qatar International Islamic Bank's (QIIB) Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook. It has also affirmed...

INCEIF Collaborates with Key Stakeholders as it Pushes for Sustainable Financing

The International Centre for Education in Islamic Finance (“INCEIF”) constantly engages with its stakeholders to push the agenda of promoting sustainable development and exploring...

Saudi Banking System Outlook Is Stable, Moody’s

Moody’s has announced that the Saudi Arabia banking system outlook remains stable, owing to the Government plans to increase spending for 2019 and stability...

GCC Corporate Bond and Sukuk Issuance up 86% last year –...

The amount of debt issued by non-financial corporate entities in the Gulf Cooperation Council (GCC) virtually doubled last year as governments either sold stakes...