GBSA News & Events
GBSA is pleased to be associated with the following events:
Saudi airports agency picks banks for huge riyal Sukuk
Saudi Arabia's state airports operator has picked three banks to arrange the second tranche of its local Islamic bond programme, banking sources said on Tuesday, with a sale seen matching the firm's record-breaking $4 billion debut Sukuk in 2012.
Bahrain picks banks over key bond issue
DUBAI: Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said yesterday, with proceeds likely to be used to plug an expected budget deficit for 2013.
Casino Dubai’s Rebound Pitch Ignored by Global Investors
Dubai is back with the big plans. What it doesn’t have are the biggest property investors.
Surging home prices in parts of Dubai and rebounding shopping and tourism markets are prompting developers to announce projects on a scale not seen since the emirate’s property market collapsed in 2008.
Middle East Bond Prices to Drop as Much as 4%, RBS’ Coutts Says
Middle East bond prices will probably drop 3 percent to 4 percent in the second half of this year on expectations the U.S. Federal Reserve will cut asset purchases, Royal Bank of Scotland Group Plc’s wealth unit said.
Banking on projects
Qatar Railways announced four design and build contracts worth QR30bn ($8.24bn) for Phase-1 of the ‘Doha Metro Project’ in early June, capping a year of mega project financings. The scope of work for the RLN comprises the design and construction of 13km twin bored tunnel, including seven underground
Abu Dhabi’s IPIC plans bond sales as costs recede
International Petroleum Investment Co plans to sell bonds to repay part of a $2bn loan due in September, taking advantage of narrowing spreads between its debt and US Treasury notes that reached new lows last month.
IMF Arab Aid Rises to Record as Stiglitz Sees Shift to Equality
Less than three years after it was criticized for endorsing policies that deepened economic disparity under Arab autocrats, the International Monetary Fund is lending more money to the region than ever.
Thai Islamic bank plans to up capital and sukuk
DUBAI: State-owned Islamic Bank of Thailand plans to increase its capital by 7.11 billion baht (US$234.9mil) and issue a 5 billion baht sukuk, the country's first-ever Islamic bond, the bank said yesterday.
Banque Misr, National Bank of Egypt subscribe to $200m in international government bonds
$2.7bn bond package released several days ago on Irish stock market
Saudi Binladin plans local currency sukuk sale - sources
By David French
DUBAI, June 3 (Reuters) - Saudi Binladin Group, one of the largest construction firms in the kingdom, is meeting investors over a potential local currency Islamic bond sale, two banking sources aware of the deal said on Monday.