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Bursa Malaysia

IDB to launch $10 billion Islamic bond program in Dubai

The Islamic Development Bank (IDB) will set up a $10 billion sukuk issuance program on the Nasdaq Dubai exchange, a boost to Dubai's efforts to become a top center for Islamic finance in competition with other cities.It would be the Jeddah-based IDB's third sukuk program - it already issues Islamic bonds in London and Kuala Lumpur - and its first in a Middle Eastern country. The international lender, which has 56 member countries, promotes economic development in Muslim countries and communities.In January, Dubai launched a drive to become a center for Islamic business; its exchanges have so far listed $12.5 billion of sukuk and the total is expected to reach $16 billion by year- end, a statement from the office of Dubai's ruler said late on Saturday.No time frame was given for the launch of the IDB's program. Its sukuk are highly sought after by Islamic investors because of their AAA credit rating, so they could offer a much-needed boost to trading volumes in Dubai and encourage more ...

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  1. Genting 4Q Net Profit MYR2.48 Billion Vs MYR772.9Mln on Year

    Malaysia-based casino operator Genting Bhd. (3182.KU) said Thursday its fiscal fourth quarter net profit rose three-fold,p boosted by a one-off gain from sale of its...

  2. AirAsia Group CEO Sees 3rd Quarter IPO of Its Indonesia Arm

    JAKARTA, Indonesia--AirAsia Bhd.'s (5099.KU) chief executive hopes to list the group's Indonesia arm on the Jakarta stock exchange in the third quarter, as the budge...

  3. Bursa Malaysia 3Q Net Profit Falls 4%; Trading Revenue Declines

    Bursa Malaysia Bhd. (1818.KU), the operator of a stock exchange that has been home to some of the biggest initial public offerings so far this year, Friday reported ...

  4. Telekom Malaysia 2Q Net Profit Almost Triples

    Malaysian state-owned fixed-lined operator Telekom Malaysia Bhd. (4863.KU) said Wednesday its second-quarter net profit was nearly three times that of a year earlier...

  5. Li Ka-Shing-Linked Westports' $1 Billion IPO Plan Continues Malaysia's Hot IPO Status Streak

    Another Malaysian company, this time the owner of the country's busiest port, is looking to test investor appetite for an initial public offering, the latest in a st...

  6. Golden Agri-Resources 2Q Net Profit Down on Lower CPO Price; 2nd Half Outlook Favorable

    Golden Agri-Resources Ltd. (E5H.SG) said Friday its second-quarter net profit fell 39.9% from a year earlier, reflecting a decline in crude palm oil prices and lower...

  7. Bursa Malaysia : IHH Healthcare to Be Included in Benchmark FTSE Bursa Malaysia KLCI From Aug 1

    Malaysia's stock exchange said Wednesday that the benchmark FTSE Bursa Malaysia KLCI index will include IHH Healthcare Bhd (5225.KU) from Aug. 1 after the hospital o...

  8. Felda Secures 10 Cornerstone Investors, Including Qatar, AIA, For US$3 Billion Malaysia IPO - Sources

    KUALA LUMPUR/SINGAPORE -(Dow Jones)- Malaysian state-owned plantation firm Felda Global Ventures Holdings Bhd. has secured commitments from 10 cornerstone investors,...

  9. Malayan Banking January-March Net Profit Rises 18%

    Malayan Banking Bhd (1155.KU), Malaysia's largest bank by total assets, said Thursday its fiscal first quarter net profit rose 18%, helped by higher net interest inc...

  10. AirAsia 1Q Net Profit Rises Marginally As Fuel Costs Continue To Hurt

    AirAsia Bhd (5099.KU), Southeast Asia's largest budget airline by fleet size, Wednesday said its fiscal first quarter net profit rose marginally as higher fuel costs...

  11. Felda Global Secures 3 More Cornerstone Investors Ahead Of Over $3 Billion Malaysia IPO - Source

    Felda Global Ventures Holdings Bhd has secured three more cornerstone investors, including Hong Kong-based insurance giant AIA Group Ltd. (1299.HK), ahead of its ove...

  12. AMMB Holdings: Unit Signs Deal To Buy Kurnia Insurans Malaysia For MYR1.55 Billion Cash

    AMMB Holdings Bhd. (1015.KU) said Thursday its 51%-owned subsidiary has signed an agreement with Kurnia Asia Bhd. (5097.KU) to buy general insurer Kurnia Insurans (M...

  1. Ryanair says could move into trans-Atlantic flights

    Ryanair, Europe's biggest budget airline, could start selling low-cost trans-Atlantic flights if it secures enough twin-aisle aircraft and gains access to cities in ...

  2. Exclusive: Malaysia tycoon plans IPO of football club Cardiff City - sources

    Malaysian billionaire Vincent Tan is exploring an IPO of British soccer team Cardiff City for as early as this year, people with knowledge of the matter told Reuters...

  3. CME Group: To Launch Palm Oil Swaps Contract on June 3

    CME Group Inc. (CME), the world's largest futures market operator, said Monday that it would launch over-the-counter calendar palm oil swaps, subject to regulatory c...

  4. AirAsia X Seeks up to US$300 Million in Malaysia IPO - Term Sheet

    Malaysia's long-haul budget carrier AirAsia X is seeking to raise up to US$300 million through an initial public offering in the country, a term sheet seen by Dow Jo...

  5. Malaysia ETF Hits All-Time High on Election Results

    Shares of the iShares MSCI Malaysia Index Fund (NYSE:EWM) are soaring 5.8 percent Monday and are near all-time highs as traders in the U.S. digested news of Prime Mi...

  6. Malaysia ETF Hits All-Time High on Election Results

    Shares of the iShares MSCI Malaysia Index Fund (NYSE:EWM) are soaring 5.8% Monday and are near all-time highs as traders in the U.S. digested news of Prime Minister ...

  7. Sime Darby, Ramsay Health in Southeast Asia JV Talks - Source

    Malaysia's Sime Darby Bhd. (4197.KU) and Australia's Ramsay Health Care Ltd. (RHC.AU) are in talks to form a joint venture that combines several hospitals in Southea...

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