US dollar issuances from Turkey, Indonesia, Islamic Development Bank Trust Services Limited and First Abu Dhabi Bank alone raise a total of $6.5bln
“Through this partnership, our clients will gain access to attractive, early-stage investment opportunities that have been typically restricted to traditional VC firms and family offices.”
Sukuk issuance with a maturity of more than 18 months from the Gulf Cooperation Council region, Malaysia, Indonesia, Turkey and Pakistan totalled $30.6 billion in the first nine months of 2019 compared to $31 billion in the year-earlier period.
Both China and Bahrain offer a substantial pool of tech talent, startup capital and digitally minded consumers, so the scope for further building this relationship is substantial,” said Areije Al Shakar, fund director at Al Waha Fund of Funds.
The results of the first half of 2019 confirmed the success of DAFZA in achieving high growth rates compared to the same period last year, where it achieved a growth of 8% in the total value of foreign trade which exceeded Dhs78 billion
However, last month's protests, rare during the tenure of President Abdel Fattah al-Sisi, showed that much of the population has yet to benefit from years of economic reforms.
ADNOC is making smarter use of its capital and more proactively managing its portfolio of assets, “we will develop additional opportunities for investors and partners focused on value and who share our values,” said H.E. Dr. Al Jaber.
Other banks involved in the deal are Dubai Islamic Bank, Emirates NBD Capital, Sharjah Islamic Bank and Standard Chartered, according to the document.
Construction on what is currently the tallest building in the prestigious Dubai Marina, the world's largest man-made marina, and the second highest building in Dubai after the Burj Khalifa, began in 2007.