Emaar Malls Group LLC, the Dubai- based owner of the one of the world’s biggest shopping centers, is raising $750 million from a debut sale of Islamic bonds, according to two people familiar with the matter.
Union National Bank PJSC , whose shareholders include the governments of Abu Dhabi and Dubai, said new retail loan rules that came into effect May 1 should have been staggered to reduce their adverse impact.
Dubai’s DFM General Index advanced 1.9 percent, the most since July 3, to 1,379.95 at the 2 p.m. close in the emirate. The measure rose 1 percent this week. Abu Dhabi’s index measure climbed 0.7 percent and Oman’s MSM 30 Index added 0.3 percent.