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Saudi company lists largest sukuk in Labuan

Dar Al-Arkan International Sukuk Co yesterday listed its US$1bil Sukuk Al-Ijara on the Labuan International Financial Exchange (LFX) to finance housing projects in Saudi Arabia.

Jet board okays Air Sahara buy

India's Jet Airways Ltd board has approved the acquisition of Air Sahara for US$500mil cash, tightening its hold at the top of the country's domestic airline industry.

U.N. urges measures to avert urban housing crunch

UNITED NATIONS (Reuters) - Two billion more people will be moving into the world's already overcrowded cities over the next 25 years, requiring 4,000 new housing units per hour between now and 2030 to accommodate them, a U.N. agency said on Monday.