SIB Sukuk Raises $500 Million Through Five-Year Deal Amid Strong Investor Demand

Financial
Sharjah Islamic Bank has raised $500 million through a five-year SIB sukuk issuance. The deal attracted strong demand from international investors. The order book reached $1.3 billion during the transaction. That figure represented 2.6 times the total amount offered. The bank priced the sukuk at a final yield of 5.85 percent. The pricing represented a spread of 105 basis points...
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Al Safat Investment Earns Recognition for Strong Corporate Governance Framework

Al Safat Investment has received a 2026 award for its corporate governance framework. The recognition highlights its approach to transparency and oversight. It also...

Dubai Luxury Homes Record 335 Sales Worth $10 Million or More in First Eight Months of 2026

Dubai luxury homes continued to attract major demand during the first eight months of 2026. The market recorded 335 sales worth $10 million or...

Duqm Refinery Reaches 255,000 Barrels Per Day as Oman and Kuwait Expand Global Energy Operations

Duqm Refinery has reached around 255,000 barrels per day during 2026. The figure represents about 110% of its planned design capacity. The refinery was...
Investment

Basra Pipe Manufacturing Complex Planned with Major Indian Investment

Plans are advancing for a Basra pipe complex backed by a potential Indian investment. The project could manufacture pipes for oil, gas, and water networks. It could also support infrastructure projects across Iraq. Discussions between Iraqi officials and an Indian manufacturer are now underway. The National Investment Commission met with representatives from Man Industries this week. The discussions focused on...

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Service Charge Responsibility Clarified for UAE Property Buyers

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UAE Sees Strong Dividend Growth as Global Payouts Hit $1.75 Trillion in 2024

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Investment

PIF Approves 2026–2030 Growth Strategy to Reshape Saudi Investment Vision

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