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02 Feb

Indonesia has become the first Asian country to sell "green" bonds internationally in a US$1.25 billion (S$1.65 billion) deal as one of the world's largest greenhouse gas emitters tapped into investor interest in climate-friendly investments.

Globally, US$155.5 billion of so-called green bonds were sold last year, according to the London-based Climate Bonds Initiative. But only a handful of governments have themselves sold such deals, where the proceeds are earmarked for investment in environmentally friendly projects.

Indonesia has become the first Asian country to sell "green" bonds internationally in a US$1.25 billion (S$1.65 billion) deal as one of the world's largest greenhouse gas emitters tapped into investor interest in climate-friendly investments.

Globally, US$155.5 billion of so-called green bonds were sold last year, according to the London-based Climate Bonds Initiative. But only a handful of governments have themselves sold such deals, where the proceeds are earmarked for investment in environmentally friendly projects.

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02 Feb

The tallest hotel in the world has officially opened its doors in Dubai, with the newly-completed Gevora Hotel stealing the Guinness World Record title from the nearby JW Marriott Marquis, which had held the position until now.

The tallest hotel in the world has officially opened its doors in Dubai, with the newly-completed Gevora Hotel stealing the Guinness World Record title from the nearby JW Marriott Marquis, which had held the position until now.

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02 Feb

Turkish Islamic lender Albaraka Turk has raised $205 million worth of capital-boosting Islamic bonds, or sukuk, the first issuance in the country designed to qualify as Tier 1 capital, the bank said in a statement.

The lender said the perpetual sukuk, sold as a private placement and issued through an Irish-domiciled special purpose vehicle, would pay a 10 percent profit rate.

Turkish Islamic lender Albaraka Turk has raised $205 million worth of capital-boosting Islamic bonds, or sukuk, the first issuance in the country designed to qualify as Tier 1 capital, the bank said in a statement.

The lender said the perpetual sukuk, sold as a private placement and issued through an Irish-domiciled special purpose vehicle, would pay a 10 percent profit rate.

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