Middle East and North Africa

Middle East and North Africa

Block Gemini Leverages Blockchain to Optimise Logistics

Dubai-based startup Block Gemini has developed a blockchain logistics solution which it deployed with Tristar Group. “We are mainly focusing on supply chain initiatives so...

Fitch Maintains Stable Outlook for Gulf Islamic Lenders on Economic Boost

Fitch Ratings is maintaining its stable outlook for Arabian Gulf Islamic banks, which will be buoyed by economic growth propelled by higher oil prices...

QFC Committed to Islamic Finance Development

Chief executive officer of Qatar Financial Centre (QFC) Yousuf Mohamed al-Jaida affirmed that the centre recognises the importance of endowments and Islamic finance in...

GEMS Education Completes Repayment of $200 Million Sukuk

GEMS MENASA Cayman Ltd (“GEMS” or “the Company”), the leading K-12 education business operating in the Middle East and North Africa, confirms that it...

Gulf Navigation Approves Sukuk

Dubai-headquartered Gulf Navigation has received shareholder approval to issue a total of AED 100 million in Sharia-compliant bonds to support its plans to expand...

Turkey, Islamic Bank Enjoy Strong Partnership

Turkey and the Islamic Development Bank (IsDB) Group enjoy "a very strong partnership," the group's president said. "Turkey is the fourth-largest beneficiary of IsDB Group...