DUBAI / WAM Africa Finance Corporation (AFC) has carried out a 150 million US dollar Islamic financing transaction on the Murabaha platform of Nasdaq Dubai, the international financial exchange serving the Middle East and Africa. The transaction was executed to facilitate the issuance by AFC of a 150 million US dollar Sukuk, which was the first US dollar Sukuk …

  ABU DHABI / WAM Abu Dhabi General Services Company Musanada announced the progress of infrastructure works of the Emirati District project in Madinat Zayed – Abu Dhabi within blocks 3, 4 and A2 according to the set plan. Suwaidan Rashed Al Dhaheri, Acting Chief Executive Official in Abu Dhabi General Services Company “Musanada” stated that the Emirati District’s infrastructure …

  VIENNA / WAM OPEC and Non-OPEC countries are on target towards full conformity with their adjustments in oil production, revealed the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC), according to a report by the Joint OPEC-Non-OPEC Technical Committee (JTC). ‘‘OPEC and Non-OPEC producers achieved a conformity level of 86 percent,’’ the JTC said. The JTC, a technical sub-committee of the …