The benchmark S&P 500 index is up over 9% for the year
business9 hours ago
The Islamic Development Bank has given initial price guidance for a planned five-year Islamic bond at around mid-60s basis points over the five-year U.S. secured overnight financing rate (SOFR), a bank document showed.
BNP Paribas, Credit Agricole, Dukhan Bank, Goldman Sachs, The Islamic Corporation for the Development of the Private Sector, JPMorgan, Mizuho , SNB Capital and Standard Chartered are joint lead managers on the sale, expected to price on Thursday, the document said.
The Jeddah-based multilateral lender last tapped the market in April, raising $1.6 billion in five-year sukuk.
New bond issues in the Gulf have plummeted this year amid volatile markets and rising interest rates.
But there were three snap issuances on Tuesday, when benchmark rates edged slightly lower, as Saudi Arabia raised $5 billion with sukuk and bonds, Abu Dhabi wealth fund Mubadala raised $1 billion and top Dubai bank Emirates NBD issued $500 million. — Reuters
The benchmark S&P 500 index is up over 9% for the year
business9 hours ago
Ministry of Foreign Affairs says the decision comes in light of the escalating severity and scope of Israeli attacks against civilians
mena9 hours ago
The US secretary of state agrees that Israeli forces had killed more civilians than Hamas militants
mena10 hours ago
The US president said that a ceasefire would be possible "tomorrow" if Hamas gave up Israeli hostages
mena10 hours ago
American tech companies in general are seen as hostile toward unionisation efforts, notably Amazon
world10 hours ago
The Serb blamed Friday's incident when he was accidentally struck on the head by a fan's water bottle while signing autographs
sports10 hours ago
Daniel Duggan's lawyer says his client knew Chinese defence hacker Su Bin as an employment broker for Chinese state aviation company
world10 hours ago
Eastern parts of the city have been heavily bombarded in recent days, as Israel sent tanks and ground troops into the areas
world11 hours ago