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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Sterling traded at $1.3545, slipping 0.2% after data showed the British economy stagnated in July. The dollar inched higher on Friday after falling the day before as a surge in U.S. jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next week and beyond. […]
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 […]
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 […]
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 […]
