Saudi Arabia's government is in talks with local banks to sell them SR20 billion ($5.3 billion) of local currency bonds next week, the Maaal financial website reported on Monday, citing unnamed sources.
A five-year tranche wil
Adhesives revenue is set to rise 3.1 per cent per year until 2022, with about 13 million tonnes consumed worldwide, according to a recent study.
The Ceresana study analysed the global market for adhesives, whic
National Bank of Abu Dhabi (NBAD) has been ranked number one bookrunner of bonds and sukuk in the GCC for the first nine months of this year, according to data compiled by Dealogic.
This marks the first ti
Global equities rebounded on Friday from an initial selloff to close the week with strong gains while US bond prices climbed after a weak employment report increased worry about slowing global growth.
The economy created 142,000 j
Global regulators reached a draft agreement Friday on a rule on stopping banks being "too big to fail", by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis.
Stocks on major markets slipped on Friday and bond prices rose, pushing yields sharply lower, after the US Federal Reserve on Thursday clung to its near-zero interest rate policy with global economic growth slowing.
Stocks and cur
Saudi Arabia has sold a new tranche of bonds worth SR20 billion ($5.33 billion) to banks to help cover its budget deficit, the Maaal financial website said on Wednesday, citing informed sources.
The five-year tranche carried a cou
Asian stocks fell on Wednesday as investors feared fresh rate cuts in China would not be enough stabilise its cooling economy or halt a collapse in its stock markets.
China's key share indexes attempted to move higher several
World stock markets tumbled on Friday and US oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold.
Stocks on Wall Street and i
Investors were caught completely off-guard this week after Burgan Bank announced that it could redeem subordinated bonds ahead of time, raising concerns that bondholders have grown complacent about regulatory risk across the Middle East.