Zawya

Goldman Sachs plans sukuk issue as Islamic finance goes mainstream

Goldman Sachs (GS.N) is reviving plans to issue at least $500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.

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Cisco invests $6M in Badia Impact Fund to support startups in Jordan

San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.

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Total number of investments increase 8.33%-MENA report

Total number of investments increased 8.33%, according to a MENA report.

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