| The Gulf Cooperation Council (GCC) experienced a slow start to the year with two initial public offerings (IPOs) in Q1 2013, a pattern similar to the previous quarter which saw the same number of listings. The sukuk market in the GCC continued the upward trajectory in Q1 2013, reinforcing growing demand for Islamic debt instruments in the region.
The growth was primarily driven by the UAE, which saw some big-ticket corporate sukuk issuances during this quarter with the likes of DEWA, Emirates Airlines and Dubai Islamic Bank, each issuing sukuk worth $1 billion. ..........................................Full Article: Source
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