Dubai / WAM Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and Natixis, a leading financial institution headquartered in France, on Sunday announced the completion of a US$50 million Collateralised Murabaha deal on the Nasdaq Dubai Murabaha Platform. As the largest collateralised Murabaha transaction closed by Emirates Islamic this year, and the first of its kind …

  Bloomberg Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays Plc’s African unit, according to people familiar with the matter. Abraaj is working with financial advisers and is in discussions to team up with other investors, the people said, asking not to be identified as the information is private. …

  DUBAI / Reuters The subscription period for National Bank of Kuwait’s proposed capital increase will commence on Wednesday, the Gulf state’s largest commercial lender said in a bourse statement. The rights issue will be worth around 137.6 million dinars ($473.2 million) according to Reuters calculations. The subscription period will close on June 16, the bourse statement from the lender …