Tadawul Continues to Climb on Expectation of Foreign Investment

The Saudi Stock Exchange (Tadawul) reached 10,600 points in mid-August, continuing a rally that began in late July with the announcement by the Capital Markets Authority that it planned to open the market to foreign investors. The last time the index breached 10,000 was in 2008.    

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UK Sovereign Sukuk 10-Times Oversubscribed

The UK Government's $200mn sukuk issue was oversubscribed ten times when it was launched in June. The sukuk had a tenor of five years. Its yield of 2.036%.

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NBAD's Alex Thursby Speaks to ABA about "West-East" Corridor

Last year, National Bank of Abu Dhabi launched a new strategy based on seizing opportunities in the "West-East" Corridor -- a region that the bank defines as running from West Africa to East Asia. The bank's CEO, Alex Thursby, spoke to the ABA about the "West-East" Corridor and the bank's new strategy.

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