LONDON: Maturation of Gulf states’ economies presents further opportunities to deepen the relationship between the region and the UK, the new Lord Mayor of the City of London told Arab News before departing for COP28 in the UAE. Just a few weeks into the role and Michael Mainelli was on hand, like his predecessor, to … Read more
RIYADH: Saudi Arabia’s National Debt Management Center has closed the November issuance of its riyal-denominated sukuk program, with a bid amount totaling SR2.66 billion ($710 million), representing a decline of 33.16 percent compared to October. The November issuance was divided into two tranches, with the first tranche valued at SR1.99 billion set to mature in … Read more
RIYADH: Sustainable issuances in the Gulf, particularly sukuk, are expected to gain prominence due to the upcoming UN climate change conference, or COP28, according to Fitch Ratings. Bashar Al-Natoor, global head of Islamic finance and managing director at Fitch Ratings, highlighted the international event’s role in increasing awareness of sustainability issues in the region and … Read more
