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India

Davide Barbuscia

Emirates NBD postpones bond issue due to market conditions - sources

15 Nov 2018

DUBAI, Nov 15 Emirates NBD (ENBD), Dubai's largest bank, has postponed a planned issue of U.S. dollar-denominated bonds due to challenging market conditions, sources close to the matter said.

Saudi Aramco taps banks for $5 billion petrochemical project finance: sources

15 Nov 2018

DUBAI Saudi Aramco has approached banks to finance its $5 billion Amiral petrochemical project that the state-owned oil producer plans to develop with France's Total, five sources familiar with the matter said.

RPT-EXCLUSIVE-Kuwait asks Dubai to release funds frozen in money laundering probe - letter

12 Nov 2018

DUBAI, Nov 9 Kuwait's prosecutors have asked Dubai to release $500 million in funds belonging to a Kuwaiti private equity fund that were frozen as part of a money laundering investigation, according to a letter seen by Reuters.

Exclusive: Kuwait asks Dubai to release funds frozen in money laundering probe - letter

09 Nov 2018

DUBAI Kuwait's prosecutors have asked Dubai to release $500 million in funds belonging to a Kuwaiti private equity fund that were frozen as part of a money laundering investigation, according to a letter seen by Reuters.

UPDATE 2-UAE’s NMC Health prepares dollar sukuk

07 Nov 2018

DUBAI, Nov 7 United Arab Emirates' healthcare provider NMC Health plans to issue U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Wednesday, confirming what sources told Reuters earlier.

Abu Dhabi’s Mubadala in talks with banks to refinance loan - sources

05 Nov 2018

DUBAI, Nov 5 Abu Dhabi’s Mubadala is in talks with banks to refinance an existing $1.75 billion revolving loan due in May next year, three sources familiar with the matter said.

Development bank APICORP expects 15 pct asset growth in 2019, CEO says

01 Nov 2018

DUBAI, Nov 1 The Arab Petroleum Investments Corporation (APICORP) expects asset growth of up to 15 percent next year as it plans to enter new regional markets, its chief executive told Reuters.

RPT-UPDATE 1-Oman sells $1.5 billion sukuk as Khashoggi crisis raises funding costs

25 Oct 2018

DUBAI, Oct 24 Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis over the killing of Saudi journalist Jamal Khashoggi is raising funding costs across the Gulf region, fund managers said.

UPDATE 1-Oman sells $1.5 billion sukuk as Khashoggi crisis raises funding costs

25 Oct 2018

DUBAI, Oct 24 Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis over the killing of Saudi journalist Jamal Khashoggi is raising funding costs across the Gulf region, fund managers said.

Saudi's PIF supports stocks to limit Khashoggi crash, sources say

23 Oct 2018

DUBAI Saudi Arabia's Public Investment Fund (PIF) has been indirectly supporting local stocks, using local institutions, to limit a market crash caused by the killing of Saudi journalist Jamal Khashoggi, sources familiar with the matter said.

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