Al Jazeera Sports Arm In Talks For Turkey’s Digiturk – Sources

BeIN Media Group is yet to finalise the acquisition of the satellite network.

UAE Central Bank Expands Islamic Banks’ Access To Its Funds

Islamic banks will be allowed to use sharia-compliant securities other than central bank-issued Islamic certificates of deposit to borrow overnight from the central bank.

Al Etihad Credit Bureau Begins Issuing Company Reports

Reports will include details of credit facilities that are being used, total amount of credit taken and a firm’s track record of repayment.

Aabar To Raise Up To 2bn Euros Via UniCredit Exchangeable Bonds

Aabar said it would sell two tranches of bonds worth 750 million euros each, with an option to increase that amount by a further 250 million per tranche.

Ras Al-Khaimah Launches $1bn 10-yr Sukuk -Leads

The emirate, which is issuing sukuk with an ijara structure, has garnered orders worth about $2.5 billion, an earlier document showed.

National Bank Of Fujairah Issues Dhs500m Tier 1 Capital

The capital-enhancing issue is a perpetual issue structured to comply Basel III norms, a statement said.

Secured Creditors Of Espirito Santo Dubai Unit To Get 82.7% Payout

Unsecured creditors of the Dubai arm of the Espirito Santo empire will get none of the $14 million they are owed.

Majority Of Regional Family Businesses Worried Over Government Regulations

No specific reason was given for the findings, recorded by a PwC survey.

Qatar’s QIA To Join Swiss Travel Retailer Dufry In Bid For WDF -Sources

Italian travel retailer World Duty Free (WDF) belongs to the Benetton family.

dirhams

UAE’s Ras Al-Khaimah May Print 10-Year Sukuk As Early As Tuesday

Ras Al-Khaimah is planning a benchmark size offer, traditionally understood to mean upwards of $500 million.

Emirates Airline Sets Guidance For $913m UK-Guaranteed Sukuk

The initial guidance for the senior unsecured ten-year sukuk issue is at around 100 basis points over midswaps, a document showed.

UAE’s Ajman Bank Agrees $155m Syndicated Islamic Loan

The deal consisted of a hybrid murabaha and wakala structure with a two-year lifespan.

Dubai Holding Unit’s 2014 Profit Rises 42%, Still Eyes Telco Sales

The company made a net profit in 2014 of Dhs4.68 billion last year, up from Dhs3.30 billion in 2013.

Different Arab money

Apicorp Says Signs $950m Islamic Loan To Fund Investments

The bulk of the financing consisted of a $800 million Islamic loan of five years duration that was provided by five Saudi banks.

Stock News: Gulf Markets Mixed; Arabtec Dampens Dubai

Arabtec posted an unexpected Q4 loss of $25.7 million, blaming non-recurring general and administrative expenses.

Dubai’s Arabtec Swings To Q4 Loss, Blames High Expenses

Non-recurring general and administrative expenses jumped 75 per cent to Dhs749.9 million last year.

Major Dubai Fund Sees Upside In Gulf Markets Despite Oil Price Drop

Daman Fifth caters mostly to rich individuals, family investment offices and institutional investors from within the Gulf.

Emirates NBD Bond May Signal More Euro Issues From Gulf

Market conditions may have shifted so far in favour of euro issuance that Gulf borrowers may leave their comfort zone and start to follow a shift towards the euro.

UAE’s Etihad Gets Rare Full Plane Financing For A380 Superjumbo

The financing from a group of Korean institutional investors is structured as a 15-year, fixed coupon full-payout lease.

Qatar’s CBQ Shareholders Approve Up To $1bn In Capital Instruments

The annual general meeting of the lender gave approval for the move in accordance with Basel capital requirements.

Dubai’s DP World Posts 11.8% Rise In 2014 Net Profit

The firm made a profit attributable to shareholders of $675 million compared with $604 million in the prior year.

Oman’s Bank Muscat Shareholders Approve $1.3bn Sukuk Programme

The plan comprises issuance in domestic and international markets through public subscription or private placement, a bourse statement said.

Saudi Food Firm Savola Cuts First-Quarter Profit Forecast

Savola reduced its projection to SAR178 million before capital gain from its previous forecast of SAR360 million.

Dubai World Unit, Port And Free Zone World, Completes $1.1bn Loan

The funds will be used to help the company meet commitments at the group and subsidiary levels.

Stock News: Gulf Markets Drop As U.S. Oil Hits 6-Year Low

Dubai’s index fell 3.6 per cent by Wednesday’s close to a 10-week low of 3,408 points.

Qatar Central Bank Governor Says Won’t Review Currency Peg

He declined to elaborate on the reasons for Qatar sticking to its peg.

Dubai’s DGCX In Talks With Local Bank For Spot Gold Contract

The exchange, which currently trades gold futures, said last year that the spot contract was expected to be for 1 kilogramme (32 troy ounces) of 0.995 purity gold.

Bahrain’s BBK Launches $400m 5-yr Dollar Bond

The transaction will have a spread of 200 basis points over midswaps, a document showed.

Saudi’s Savola Says Has All Approvals For Packaging Unit Sale

Takween in December agreed to buy the packaging unit of Savola, the region’s largest food firm for SAR910 million.

Qatar National Bank Says Signs $3bn Three-Year Loan

The facility will be used to fund general operations of the bank.