Transparency trades

Issuer profiles

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Until recently, Middle Eastern borrowers were a rarity in the global capital markets. That has started to change, and a handful of Middle East-based corporates have issued sukuks – bonds compliant with sharia (Islamic law) principles. Interest in the international capital markets is not purely financial, as Middle Eastern borrowers view the bond markets as a means to publicise commerce in the region.

In May, the Dubai Metals & Commodities Centre (DMCC) issued its first public financing – a $

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