The South African government plans to raise at least $500 million in its first issue of Islamic bonds, a Treasury official indicated on Thursday. “South Africa is looking to issue a benchmark-size sukuk and the tenor will be in line with other sukuk transactions in the market,” Tshepiso Moahloli, director […]

Gulf Marine Services (GMS), a provider of support vessels for offshore oil exploration, is to pay its first dividend after interim profit rose amid strong demand. Net income rose 3 percent to $33.1 million in the six months to June 30, the Abu Dhabi-based company said in a statement. Sales […]

Africa investor, an international investment and communications group, says it has finalised arrangements plans to host the 7th Africa investor CEO Institutional Investment Summit in New York, United States of America. Ai said in a statement on Wednesday that the summit, which it is organising in partnership the New York […]