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  • Low-pressure system eases over UAE: Dubai Airport delays remain

    The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International Airport inbound and outbound travelers.    The UAE recorded its heaviest rainfall in the 75 years when up to 259.5mm (10.2 inches) of rain fell on Tuesday. On Wednesday, about 300 flights were canceled and...
    Economy
  • Central Bank of Bahrain Sukuk Al Ijara oversubscribed by 186 percent

    Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 186%. Subscriptions worth $128.67 million were received for the $69.14 million issue, which carries maturity of 182 days. The expected return on the issue, which begins on April 4 and...
    Business