Market

QIB Mandates Banks for USD-Denominated Sukuk Issuance

Doha: Qatar Islamic Bank (QIB) has taken a significant step in its financial strategy by mandating a consortium of major banks to facilitate the issuance of a USD-denominated Sukuk. The selected banks, including Abu Dhabi Islamic Bank, Bank ABC, Dubai…

Dollar Falls to 6-Week Low as Economic Tensions Rise

New York: The dollar fell to a six-week low on Tuesday affected by economic tensions and contraction data in some US economic sectors. The dollar index, which measures the US currency against six major peers, was little changed after touching 98.58, t…