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DP World launches US $1.2bn Sukuk on Nasdaq Dubai The listing by DP World reinforces Dubai’s status as the global leader for Islamic bond listings, with a total nominal value of 44.56 billion US dollars.

DP World launches US $1.2bn Sukuk on Nasdaq Dubai

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, rang the market-opening Monday to celebrate the listing on Nasdaq Dubai of a 1.2 billion US dollar Sukuk.

 •   DP World raises US $1.2-billion in sukuk financing
 •   Bahri will issue 10-year sukuk to cover Vela costs
 •   Jafza issues US$650 million Sukuk due in 2019


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SAR given total control over Saudi rail infrastructure

SAR given total control over Saudi rail infrastructure

Saudi Railway Company (SAR) will now be the owner of infrastructure of railway projects linking the cities of the kingdom, according to a decree issued by the Saudi Arabian cabinet.
 
Tests begin on Haramain Rail project

Tests begin on Haramain Rail project

Project builders have already completed 429 kilometres of the first stage
 
Saudi airport wins GCC award for projects excellence

Saudi airport wins GCC award for projects excellence

At the annual MEED awards Saudi Arabia picked up five awards, followed by the United Arab Emirates and Oman with three apiece, while Bahrain and Qatar scooped two awards each and Kuwait received one
 
Oman reportedly suspends GCC rail project

Oman reportedly suspends GCC rail project

Oman has reportedly decided to delay its rail project connecting the sultanate with the rest of the Gulf countries to meet the schedule of other Gulf countries.
 

 

KONE wins major Qatar Rail contract

KONE wins major Qatar Rail contract

KONE has won an order to supply elevators and escalators for the Qatar Rail project in Doha.
 
Etihad Rail completes Phase 1 trial period

Etihad Rail completes Phase 1 trial period

Etihad Rail has completed the construction and trial period of Phase I of its national rail programme.
 
Etihad Rail hits stage one sulphur milestone

Etihad Rail hits stage one sulphur milestone

Etihad Rail transported more than 5.24 million tonnes of granulated sulphur in the first 18 months since it stareted stage-one operations.
 
Qatar Rail says Red Line tunnelling complete

Qatar Rail says Red Line tunnelling complete

Qatar Rail announced tunnelling work on the nothern section of Doha Metro's Red Line is now complete.
 
GCC Rail project will go ahead says Oman rail exec

GCC Rail project will go ahead says Oman rail exec

The GCC Railway Network will go ahead, despite predictions that the project will be delayed, says John Lesniewski, chief commercial officer of Oman Rail.
 
Middle East Rail to feature inaugural Rail Career Zone

Middle East Rail to feature inaugural Rail Career Zone

The inaugural Rail Career Zone will be set alongside Middle East Rail exhibition and conference taking place on March 9th at Dubai International Convention Centre.
 
GCC Rail Network is 'unlikely to be completed by 2018'

GCC Rail Network is 'unlikely to be completed by 2018'

The GCC Rail Network is unlikely to be completed by 2018 as planned, the UAE’s infrastructure minister has confirmed.
 
Oman reconsidering its involvement in GCC rail network

Oman reconsidering its involvement in GCC rail network

Oman is reportedly reconsidering its efforts towards the planned GCC rail network and may instead focus on constructing its domestic rail network.
 
US $352-bn being spent on rail projects in MENA region

US $352-bn being spent on rail projects in MENA region

Middle East Rail gears up for major exhibition as 16 major MENA railway projects worth US$352 billion gain momentum.
 
Etihad Rail suspends stage 2 tendering

Etihad Rail suspends stage 2 tendering

Etihad Rail on Tuesday confirmed that it has suspended the tendering process for Stage Two of the project.
 
Abu Dhabi feels oil pinch, Etihad Rail slashes payroll

Abu Dhabi feels oil pinch, Etihad Rail slashes payroll

Etihad Rail has laid off 30% of its workforce as part of an effort by Abu Dhabi to trim costs amid an ongoing massive slump in the price of oil.
 




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