DIB launches 5-year $500m sukuk
Dubai - Arabstoday
Dubai Islamic Bank (DIB) launched a five-year, $500 million Islamic bond, or sukuk, at a spread of 365 basis points over midswaps, arranging banks said on Tuesday. The launch spread was 10 basis points tighter than initial price guidance released the previous day, indicating good demand for the issue. Pricing is expected later on Tuesday. Deutsche Bank , Emirates NBD, National Bank of Abu Dhabi , HSBC and DIB itself are bookrunners on the deal.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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