The Islamic debt market in Jordan is set to capitalise on growing worldwide interest in sukuk (sharia-compliant bonds) after long-awaited regulations allowing banks to issue and buy the financial instrument have been put in place, paving the way for a sovereign issuance.
State-owned energy firm Petronas has returned to Malaysia’s capital markets for the first time since 2009 with what is expected to be the first of several issues aimed at boosting its fiscal reserves.
A number of capital upgrades at Kenya’s airports this year should help improve passenger capacity and airline access, increasing the country’s ability to handle more traffic every year.
An ambitious highway project that will connect several towns in Trinidad and Tobago to major resource hubs is edging towards the halfway mark, with two sections already operational.
Legislation regulating Oman’s sharia-compliant insurance market has moved a step closer to being finalised after the State Council approved a draft law that will help encourage new investment in the takaful (Islamic insurance) industry.
Competition is set to heat up for high-end retail space in Abu Dhabi in the coming years as an expanding and affluent population, solid economic growth and increasing tourism drive retail activity.
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