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Mohammed bin Abdulmalik al-Sheikh was tasked with opening the market within a year, a Saudi executive familiar with the matter told Zawya Dow Jones.
ZAWYA DOW JONES DUBAI DUBAI-BASED Emirates Airline has launched a $1 billion, 10-year Islamic bond after the world's largest carrier by international traffic received strong demand, according to an arranging bank.
Dubai Aluminium Company (Dubal) has bought a 20 per cent stake in a calciner development project in China, said Zawya Dow Jones report.
25bn Islamic bond, or sukuk, Zawya Dow Jones has reported, citing a banker familiar with the transaction.
Libya's oil minister Abdurahman Benyezza was reported saying by Zawya Dow Jones , at the Organisation of Petroleum Exporting Countries,OPEC, meeting in Cairo, that there is a "gentlemen" agreement inside the organisation, to accommodate the country's crude oil as production recovers.
The move will be implemented in partnership with the private sector, newswire Zawya Dow Jones said, citing a report on Saturday in the Al Hayat daily.
It's an important part of the process but a settlement is sometime away," the person who declined to be identified told Zawya Dow Jones Sunday.
9 /PRNewswire/ -- Zawya Dow Jones News Service, produced jointly by Dow Jones Newswires and ABQ Zawya, reached a significant milestone this month when page views on the service in 2009 topped the 1 million mark.