Bahrain has officially opened the subscription for its $526.4 million (BHD 200 million) Government Development Bond Issue 38. This initiative, led by the Central Bank of Bahrain (CBB), allows both Bahraini and foreign investors to participate, with the subscription period running until Thursday, March 13, 2025. The bonds have a par value of BHD1 each...
Saudi Arabia’s Public Investment Fund (PIF) is preparing to invest approximately $100 million in the Malaysian airline group AirAsia. This investment is poised to enhance the Gulf kingdom’s connections with a region that serves as a significant source of tourism, as reported by sources familiar with the negotiations. The PIF is expected to be the...
Abu Dhabi-based Tabreed, a prominent district cooling company, has successfully raised $700 million through its inaugural five-year green sukuk. This issuance marks the first under the company’s new $1.5 billion trust certificate issuance program. The sukuk will be listed and traded on the London Stock Exchange’s International Securities Market. The issuance saw strong institutional demand,...
A Memorandum of Understanding was signed on February 27, 2025, between the Dhaka Chamber of Commerce & Industry (DCCI) and the Sharjah Chamber of Commerce and Industry. The signing took place at the Sharjah Chamber and aims to promote the export of Bangladeshi products to Sharjah while increasing bilateral investment. Taskeen Ahmed, the President of...
The Abu Dhabi Investment Forum was recently held in Shanghai. Its goal was to help investors and important decision-makers talk to each other directly. The event was called “Invest with Abu Dhabi” and its main goal was to look into advanced business and investment options in the capital of the United Arab Emirates. The forum’s...