Dubai’s Emaar Properties to raise $1.3bn in development unit IPO The assets of Emaar Development include 49 units in Dubai’s Burj Khalifa Source: Dubai’s Emaar Properties to raise $1.3bn in development unit IPO – Gulf Business
The amount of new housing stock being created has increased in the past year – but still lags behind pre-crisis levels, figures from the Department for Communities and Local Government reveal. Source: England ups housing creation by 15{193b0148ea321fadc734c77a77411744ff00523eb37bb96872a1255c49fbad99} | Mortgage Introducer
TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) plans to invest as much as $25 billion in Saudi Arabia over the next three to four years, Bloomberg reported on Wednesday, citing people familiar with the matter. Source: SoftBank to invest up to $25 billion in Saudi Arabia: Bloomberg
Preparations are being made for around 12-13 large-scale initial public offering on the Istanbul Bourse next year, the exchange’s chairman Himmet Karadag said on Tuesday. Source: Preparations underway for 12-13 large IPOs in Istanbul – bourse chairman | Salaam – Global Islamic Economy Gateway
Saudi reforms are “very exciting”, says Stanchart chief Bill Winters says bank’s results in region justify further investment Source: Saudi reforms are “very exciting”, says Stanchart chief | ZAWYA MENA Edition
London lost over 90,000 homeowners in 2016 when you work out how many left compared to those who arrived from other areas in the UK, analysis of Land Registry data from housebuilder Barratt Homes has found Source: Masses of homeowners relocate from London | Mortgage Introducer
KUALA LUMPUR, Nov 6 (Reuters) – Malaysia Building Society Bhd (MBSB) said it plans to acquire Asian Finance Bank (AFB) from its foreign shareholders for 645 million ringgit ($152.5 million) in a deal that would give the non-bank lender a banking license. Source: Malaysia’s MBSB agrees to buy Asian Finance Bank for $152 mln
Nowadays, cryptocurrencies such as Bitcoin and Ethereum are making a huge noise worldwide because of their potential to decentralise money issuing and the financial services. This concept comes from the fact that cryptocurrencies are based on blockchain technology. To explain this fast and clearly, let’s say that there are thousands of computers (nodes) around the world that have a database with all the information of cryptocurrencies issued and the transactions made; this database is updated in real time i Source: Cryptocurrencies to disrupt UAE remittance market – Khaleej Times
For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25{193b0148ea321fadc734c77a77411744ff00523eb37bb96872a1255c49fbad99} to 0.5{193b0148ea321fadc734c77a77411744ff00523eb37bb96872a1255c49fbad99}, the first increase since July 2007. Source: First UK interest rate rise in 10 years – BBC News
By Davide Barbuscia DUBAI, Oct 31 (Reuters) – Dubai-based Emirates REIT, a sharia-compliant real estate investment trust, plans to issue a debut Islamic bond of at least $300 million by the end of this year, said a source close to the company. Source: Dubai’s Emirates REIT plans debut sukuk of at least $300 mln this year – Nasdaq.com
Britain ‘perfectly placed’ to gain from Islamic finance boom, minister says UK trade minister Rona Fairhead said that London will continue to lead the West in Islamic finance Source: Britain ‘perfectly placed’ to gain from Islamic finance boom, minister says – The National
Malaysia works to solidify position as Islamic finance hub Central bank assistant governor sees potential in fintech to propel growth Source: Interview: Malaysia works to solidify position as Islamic finance hub- Nikkei Asian Review
The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union.The BBC understands senior figures at the Bank are using the number as a “reasonable scenario”, particularly if there is no specific UK-EU financial services deal. Source: Bank of England believes Brexit could cost 75,000 finance jobs – BBC News
