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Finance Banking Featured World

Saudi’s Bank AlJazira prices $500mln, non-call 5.5-year sukuk

The final orderbook is in excess of $1.65bln, excluding JLM interest. Saudi Arabia’s Bank AlJazira, rated A3 (stable) / A-(stable) by Moody’s and Fitch, has priced its dollar-denominated, benchmark perpetual non-call 5.5-year AT1 sukuk on par, with a profit rate of 6.5% and a reset margin of +284.7 bps. The price was marginally tightened from […]

Energy Business Featured Finance

TotalEnergies launches final phase of $27bln Iraq energy project

The project aims to boost Iraq’s oil, gas and power production, reduce imports from neighbouring Iran and lure back foreign investors. French oil major TotalEnergies has launched the second development phase at Iraq’s Ratawi oilfield and has begun building an accompanying seawater treatment plant, it said on Monday, the final stages of a $27 billion […]

Energy Environment Featured Technology World

$488.6mln battery project to help Oman achieve green energy goals

The investment will be implemented in phases over four to six years. The first phase alone is valued over OMR73 million. With a project investment of over OMR188 million for the manufacturing of batteries, the shift towards cleaner sources of en energy will get a major boost. It will help Oman in achieving net-zero greenhouse […]

Business Energy Featured

Oman Investment Authority launches Energy Transition Fund

The presence of Templewater in Muscat will also support knowledge transfer, training opportunities, and capacity building for Omani talent in priority sectors. Oman Investment Authority (OIA) has announced the launch of the Energy Transition Fund, a joint initiative between Future Fund Oman and Templewater, a leading alternative asset management firm in Asia. This initiative, first […]

Economy Agriculture Featured World

Soybeans fall on absent China demand; corn down on record crop

Corn fell on forecasts of a record large U.S. harvest, wheat firmed ahead of a U.S. interest rate decision. Chicago soybeans fell on Monday, as lacking demand from China for U.S. supplies pressured, with traders watching for signs of progress as U.S.-China trade talks resumed in Madrid. Corn fell on forecasts of a record large […]

Finance Banking Featured World

Belt, Road Summit concludes with nine deals, $1bln deals

Organizers highlighted that Hong Kongآ’s external trade with Belt and Road countries reached $276bln in 2024. The 10th Belt and Road Summit in Hong Kong concluded on Thursday with the signing of nine memoranda of understanding (MoUs) and the conclusion of 36 business-to-business (B2B) deals worth close to USD one billion. The two-day summit, co-organized […]

Economy Featured Finance News

Sri Lanka economy reports 4.9% growth in second quarter

Sri Lanka’s agriculture sector grew by 2% in the second quarter from a year earlier. Sri Lanka’s economy grew 4.9% year-on-year in the second quarter of 2025, official data showed on Monday, indicating a strengthening recovery from its worst financial crisis in decades. Sri Lanka’s agriculture sector grew by 2% in the second quarter from […]

Economy Energy Featured Finance World

Oil holds steady as investors assess attacks on Russian energy facilities

Oil also received some support from solid refinery demand in China last month and a decline in US crude inventories.  Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries, while U.S. President Donald Trump said he was prepared to impose sanctions on Russia if NATO […]

Technology Economy Featured Innovation World

The European Union is still caught in an AI copyright bind

Tweaks to EU copyright requirements in the AI Act Code of Practice will maintain the AI growth momentum, for now – but will also create new challenges. As part of the implementation of the European Union’s Artificial Intelligence Act (Regulation (EU) 2024/1689), the European Commission has published several implementation guidelines, including the final Code of […]