Energy Development Oman mandates USD 10-year sukuk
In October, the company listed a $130 million sukuk on the Muscat Stock Exchange. Oil and gas producer Energy Development Oman has mandated a 10-year
Wheat steadies after selloff triggered by USDA’s production estimates
Gorey said investor positioning had become more neutral in recent weeks, and that because the Ukraine-Russia war was not impeding grain exports. U.S. wheat futures
Aligning drug prices and innovation: How global spillovers shape the future of medicines
As the US and EU push forward with drug-pricing reforms, the topic has moved to the centre of political debate. This column shows how national
Saudi, UAE school operator Almasar Alshamil’s retail IPO raises $47.9mln
Retail offering oversubscribed by 1.21 times, indicating strong investor interest. Almasar Alshamil Education Company, a provider of specialised education in the GCC, has raised SAR
Cities that work: How urban tourism drives jobs
When cities invest in tourism, they invest in jobs, entrepreneurship, and growth. Marrakech is a compelling example. In 2024, the city welcomed nearly 4 million tourists, each
Citi to tie up with Coinbase to boost digital payments for institutional clients
The partnership will initially focus on enabling users to deposit and withdraw traditional currencies. Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset
UAE insurance firm Salama to raise up to $48mln in Mandatory Convertible Sukuk following capital reduction
Shareholders approve capital reduction to offset accumulated losses and cancel treasury shares. The Islamic Arab Insurance Company (Salama), listed on the Dubai Financial Market (DFM),
US bank stocks plunge as investors grow uneasy about mounting risks
U.S. bank stocks, including Zions Bancorporation, Jefferies, and Western Alliance, fell sharply on Thursday as investors grew uneasy about risk in the sector, which has
Egypt: EGX shows positive performance on Thursday
Retail investors represented 74.27% of total trading, while institutions made up 25.72%. The Egyptian Exchange (EGX) ended Thursday’s trading session with a mixed performance. The
Oil recoups some losses after US-China trade tensions
Oil prices rose on Monday after hitting five-month lows in the previous session, as investors focused on potential talks between the presidents of the United
