This page contains a Flash digital edition of a book.
GCC TodAy


ADIB prices $500m Sukuk


The abu Dhabi islamic Bank (aDiB) has priced its $500 million 2016 islamic bond, one of the banks running the deal has confirmed. The sukuk, listed in London, will yield 3.78


per cent. Citigroup, hsBC holdings, nomura, the national Bank of abu Dhabi and standard Chartered were the lead managers on the deal. aDiB held several investor meetings


in asia, Europe and the Middle East last month before issuing the sukuk. The lender is currently looking to shariah-compliant funding sources as more traditional markets dry up due to global financial concerns. The bank sold a $750 million, five-


year sukuk in october 2010. sukuk issuance in the gCC region


has gone up sharply in 2011 – it increased to $14 billion during the first seven months of the year, as opposed to $4.45 billion in the corresponding period last year, according to Zawya. com’s sukuk Monitor.


How to rule the world like...


ToM CrUisE


MUBAdAlA BUys EMi sTAkE Norah Jones


Mubadala Development, the investment arm of the Abu Dhabi government, has taken a stake in British music publisher EMI as part of a consortium led by Sony/ATV. The deal, worth $2.2 billion, will give the investment consortium rights to EMI’s publishing division. The company’s recording division will be taken over by Vivendi’s Universal Music Group for $1.9 billion. EMI was auctioned off by Citigroup and includes popular artists such as the Beatles, Coldplay, Katy Perry, Rihanna and Norah Jones.


Oman Oil joins hands with SAIL


Oman Oil has signed an initial pact with the Steel Authority of India (SAIL) to jointly set up a gas-based steel plant in Oman with an estimated investment of $3 billion. The plant will have a capacity of three million metric tonnes a year, according to India’s steel minister Beni Prasad Verma. The two government-owned firms are still finalising the feasibility report and are planning to sign a final deal in the next six months.


18 / DECEMBER 2011


Promote yourself Cruise is in Dubai this month for the first screening of Mission: impossible — ghost protocol at the Dubai international film festival. The star ensures that he is always in the spotlight – such as on oprah winfrey’s show in 2005 when he jumped on the couch professing his love for katie holmes.


Do your own stunts from dangling dangerously outside the 124th floor of the world’s tallest tower, the Burj khalifa, to jumping off a car travelling at 60 miles per hour, Cruise insists on doing his own stunts.


Diversify in 1993, Cruise partnered with his former agent paula wagner to form Cruise/wagner productions and the company has since co-produced many of his movies.


love Dubai after shooting in Dubai for Mi4, Cruise praised the city on his blog. “My family and i spent our evenings at the water park, go-karting, indoor skiing, shopping, scuba diving, camel riding, desert dune bashing and we still didn’t fit in all that there is to enjoy!” he said.


brinG in the cash Though he is not the top-grossing actor at the moment, he shares the ninth place with Tim allen in forbes’ 2011 highest paid actors list. Between July 2010- 2011, the actor managed to pocket a cool $22 million.


gETTy iMagEs


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116