Majid Al Futtaim appoints banks to manage $1bn sukuk

Four banks were chosen by Majid Al Futtaim (MAF) Holding to manage its first Islamic bond issuance programme. The four banks are: Dubai Islamic Bank, Abu Dhabi Islamic Bank, HSBC and Standard Chartered.
The proceeds are anticipated to fund expansion plans worth $2bn for malls and shopping centres in Lebanon, Egypt and Syria, alongside plans for a hypermarket in Erbil, Kurdistan.

Government Pushes Sulaimani Investments

Officials from Sulaimani state that the Kurdistan Regional Government (KRG) is trying to encourage foreign and local investment in the province.
Sulaimani is way behind in development and investments, if we compare it to the regional capital Erbil.
But the Kurdish authorities promised from now on to equally distribute investment to Kurdistan’s cities.

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