Jafza picks banks for sukuk roadshow
Dubai - Arabstoday
Dubai's Jebel Ali Free Zone Authority (Jafza) has picked seven banks to arrange a series of investor meetings, with a possible Islamic bond, or sukuk, transaction to follow, lead managers said on Friday. The firm, fully-owned by the Dubai government, mandated Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Citigroup, Dubai Islamic Bank, Emirates NBD, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows, a document from the banks said. The investor meeting will begin on June 5 and take place in Asia, the Middle East and Europe and a benchmark-sized sukuk will be issued subject to market conditions. Benchmark-sized is understood to mean at least $500 million.
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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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