Middle East business information

Dubai's Department of Finance said it had repaid a $1bn Islamic bond, or sukuk, from the emirate's civil aviation authority which matured on Nov 4. 'This comes after the government of Dubai issued a two-tranche, $1.93bn sukuk on October 28, 2009, following a highly successful international roadshow which generated a large order book with over 300 investors placing orders in excess of $6.3bn equivalent,' the department said in a statement.