DUBAI / WAM Nasdaq Dubai welcomed Wednesday’s listing of US$1 billion Sukuk by Dubai Islamic Bank (DIB), on the region’s international exchange. This brings the total value of DIB’s Sukuk current listings on Nasdaq Dubai to US$4.25 billion, more than any other UAE issuer. DIB’s earlier Sukuk listings include a $1 billion listing in 2013, two listings of $750 ...

  Reuters Most Gulf stock markets rose on Wednesday on the back of strong global equity prices, while Egypt’s bourse continued to pull back on profit-taking, breaking technical support. The Saudi index added 0.6 percent as real estate developer Dar Al Arkan, the most heavily traded stock, climbed 2.5 percent. Utility Saudi Electric rose 2.7 percent. Saudi Arabian Fertilizer Co ...

  Bloomberg More evidence that inflation has taken hold in the US economy spurred bets that the Federal Reserve is clear to raise interest rates as soon as March, fueling a selloff in Treasuries and lifting the dollar. Stocks rose to records as oil reversed losses. The 10-year Treasury yield topped 2.50 percent, while the dollar strengthened against major peers ...