Bloomberg DP World Ltd., the Dubai-owned company that operates ports from China to South America, raised $1.2 billion from the sale of Islamic bonds and said a tender offer to buy back securities received 48 percent more bids than the target. The company sold a seven-year sukuk that will be priced to yield 237.5 basis points, or 2.375 percentage ...

  Sharjah / WAM HH Sheikh Dr Sultan bin Mohammed Al Qasimi, Member of the Supreme Council, Ruler of Sharjah and President of American University of Sharjah (AUS) received Bill McDermott, Chief Executive Officer of SAP, in his office at AUS on Tuesday. The meeting was attended by Hamid Jafar, member of the AUS Board of Trustees and Chairman of the ...

  Dubai / WAM Emirates Islamic, a Dubai-based Islamic financial institution, on Tuesday announced that it had successfully closed the issuance of a US$750 million 5-year sukuk from its US$2.5 billion Certificate Issuance Programme. The issue, which will be listed on NASDAQ Dubai and the Irish Stock Exchange, received overwhelming investor interest from across the globe and marked the bank’s return ...