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iOud secures AR50m through oversubscribed Sukuk offering

Saudi-listed Intelligent Oud for Trading Company (iOud) has successfully raised SAR 50 million ($13.32 million) through the first tranche of its sukuk programme.

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Ogier promotes funds specialist to Dubai partner

Jersey-headquartered law firm Ogier has promoted investment funds specialist Dominic Athwal to partner in its Dubai office.

Ogier’s Global Head of Funds, Joanne Huckle, said:...


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Islamic Finance Is No Longer A Niche Concept – It Is A Mainstream Global Opportunity

By Afsor Ullah, Partner and Head of Islamic Finance at City law firm Druces LLP


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Dubai’s Select Group acquires three UK golf resorts

Dubai-headquartered real estate developer Select has acquired three Delta Hotels golf and country club resorts in the United Kingdom for an undisclosed sum.

The acquired...


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MidEast tourism remains on hold
In Abu Dhabi, day-to-day business is quickly returning to normal and the restaurants are looking busy.  However, Dubai is a very different economy and the tourists are notably missing.  With strong trave...

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