Libya expects $8 bln deficit in 2014 after oil shutout
By Ulf Laessing and Feras Bosalum TRIPOLI (Reuters) - Libya plans deep austerity measures to tackle a budget deficit expected to reach up to 10 billion Libyan dinars ($8 billion) this year due to rebel blockades which have strangled oil production, a senior lawmaker told Reuters.
â€‹Public reserve funds, SWFs to boost exposure to new markets, alternatives
Official institutions around the world are planning to ramp up exposure to new markets and alternative assets in a bid for higher returns, according to a new study.
$750m sukuk sale boosts Dubaiâ€™s bid for Islamic economy hub
The Dubai Government yesterday sold a US$750 million sukuk with a 15-year maturity, furthering its efforts to become the centre of the Islamic economy.
Dubai says new sukuk to open door for long-term issues by state firms
61 per cent of investors in the sukuk came from the
Dubai says new sukuk to open door for issues by state firms
Dubai's government hopes its first 15-year sukuk issue - an unusually long tenor for an Islamic bond - will pave the way for long-term debt sales by its state companies, the Department of Finance said on Wednesday.
Saudi Telecom picks banks for debut sukuk issue - sources
DUBAI, April 23 (Reuters) - Saudi Telecom Co (STC) , the Gulf's biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction told Reuters on Wednesday.
Taqa weighs dollar bond amid board shuffle
Abu Dhabi National Energy, known as Taqa, is due to launch meetings on Thursday with overseas investors for a prospective US dollar-denominated bond as its leadership changes guard.
GIB to issue Saudi bond
DUBAI: Bahrain's Gulf International Bank (GIB) plans to issue a two billion-riyal ($545 million) floating rate notes with a lifespan of five years through a private placement in Saudi Arabia, a prospectus showed yesterday.
Dentons seminar discusses future of sukuk in sultanate - Oman - Muscat Daily
Muscat - The Oman branch of international law firm Dentons organised a breakfast seminar on 'Debt capital markets overview: Sukuk versus conventional bonds' as part of its banking and finance seminar series on Thursday.