Bahrain and the UK have formalized two significant agreements on Thursday during an official visit to London by Crown Prince Salman bin Hamad Al-Khalifa. The agreements were finalized at No. 10 Downing Street following discussions with British Prime Minister Keir Starmer. Credit: Arab News One of the key agreements established is the Strategic Investment and...
Nasdaq Dubai has announced the listing of three Green Bond issuances totaling $1.72 billion by Industrial and Commercial Bank of China Limited (ICBC). These bonds were issued under ICBC’s $20 billion Global Medium Term Note Programme from its branches in Dubai (DIFC), Hong Kong, and Singapore. This move enhances ICBC’s status as the leading Chinese...
Saudi Arabia’s Defense Minister Prince Khalid bin Salman met with the UK’s National Security Advisor Jonathan Powell in London on Wednesday to discuss the strategic partnership between their countries. The Saudi Press Agency reported that they reviewed the strong friendship and explored areas of cooperation. Credit: During their discussions, Prince Khalid and Powell talked about...
Abu Dhabi’s sovereign wealth fund, Mubadala, has started taking orders for 10-year U.S. dollar-denominated Islamic bonds, also known as sukuk. This initiative was reported by the fixed income news service IFR on May 28. Mamoura Diversified Global Holding, which is the entity through which Mubadala accesses debt markets, has provided initial price guidance of approximately...
Saudi Arabia has successfully repaid SAR60 billion (approximately $16 billion) in sukuk, or Islamic bonds, that are set to mature over the next five years. In conjunction with this repayment, the kingdom has issued a new sukuk of the same value to support its domestic market and meet its debt obligations, according to a statement...