Gulf issuers of overseas bonds, kept on the sidelines by volatile markets, may revive their issue plans after Dubai Islamic Bank , the largest Islamic bank in the United Arab Emirates, completed a $1 billion sukuk issue.

A consortium of Saudi Arabia's ACWA Power and Spain's TSK has won a bid to build a 1.2 billion dirhams ($327 million) solar power plant in Dubai, as the emirate looks to diversify to meet its growing energy needs.