Middle East

Scuppered by sukuk

Dubai World was bailed out by Abu Dhabi in December, but the near default of sukuk issued by Dubai property company Nakheel could have much broader implications for the development of Islamic finance. By John Ferry

Masdar and E.on create carbon trading venture

Abu Dhabi-based renewables company Masdar has joined forces with German utility E.on to form E.on Masdar Integrated Carbon (EMIC), a company focused on developing carbon emission reduction projects.