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Sukuk Al-Wakkah, a Medium Term Note program has been set up by the Bahrain based Gulf International Bank (GIB) for 1.1 billion dollars. The program falls under the tactical ambitions of the country’s search to vary its funding avenues and Read more
Oman’s Ministry of commerce and Industry has taken the decision to stop the merger of HSBC Oman and Oman International Bank (OIB). The decision will temporarily stop the merger because an India-based businessman has raised issues against HSBC via a Read more
The fiscal year of 2011 has ended at a record high for the Kuwait petroleum Corporation (KPC) with all the challenges that the world’s economy is facing. It achieved a profit on one billion dinars ($3.58 billion) during the 2011 Read more
The World Bank will grant US$6.5 million to finance a project aiming to increase the employment prospects of Palestinian students graduating from higher education institutions. The unemployment rate in 2011 was 21 percent with youth unemployment at 46.5 percent in Read more
Financial markets may reject Spain’s financing requests if it fails to curb the deficit. The warning was expressed by Prime Minister Mariano Rajoy before Parliament Wednesday. He said unless the Parliament endorses the deficit cuts he proposed, there is serious Read more
The last time Qatar knocked at the doors of the global debt markets was in last November with a $5 billion conventional multi-tranche bond. It made use of the investors search for safe heavens even though there were degrees of Read more
In their aspirations to be competitive in the much heated financial and banking sector that the world is witnessing alongside the economic crisis, Kuwait, through the Governor of the Central Bank, has announced new rules concerning loans offered by banks Read more
Tunisia, a tiny country compared to its North African neighbors, has been giving a loan by Qatar to the tune of $1 US billion to revive its economy. The newly elected government is putting in place all the mechanisms necessary Read more
They were praised and referred to as the icons of freedom, the symbol of struggle, examples of a wanted change etc such were the praises heaped upon the revolutionaries of the Arab spring by their orators from different walks of Read more
The Islamic Development Bank and the International Finance Corporation (IFC) have announced a $100 million financial contribution to support several infrastructure projects across the Middle East and North Africa. IDB and IFC are injecting each $50 million in the Arab Read more