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Bahrain to sell $500m 5-yr sukuk

Bahrain has mandated Credit Agricole's investment arm Calyon, Deutsche Bank and HSBC, as the three lead arrangers for its plotted $500m Islamic bond issue that will help it cover its budget deficit due to lower oil revenues. Bahrain also plans to issue a BD250 million ($663.1m) three-year sovereign bond, the date for which has yet [...]

Qatar pledges $150bn in aid to boost companies

Qatari Premiere, Shaikh Hamad bin Jassem Al Thani, said that Qatar has earmarked $150bn over the next four years to be used on infrastructure projects and to help companies hit by the comprehensive economic crisis. The head of state said the funds would be issued directly by the government and not through its sovereign wealth [...]

Sabic pulls Tasi down

Saudi shares sled by 3% last week, finishing at 5,216.84 points, after losses incurred by Saudi Vital Industries Corp. (Sabic), Arab News has reported. The Tadawul All-Share Index (Tasi) has gained about 32% in five successive weeks and is still currently 8.6% privileged than the year’s start.

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