NEW YORK: Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. A New York appellate court had given … Read more
RIYADH: Egypt is considering issuing bonds denominated in Emirati dirhams, Indian rupees, and Hong Kong dollars as part of its diversified financing strategy. On the sidelines of the Asian Financial Forum, the North African country’s Minister of Finance, Mohamed Maait, told the Emirates News Agency that discussions are underway with Hong Kong’s Secretary for Financial Services … Read more
RIYADH: Saudi Arabia’s Public Investment Fund has completed the pricing of a bond offering worth $5 billion. The offering was more than five times oversubscribed, with order books reaching $27 billion, it announced in a statement. It comprises three tranches – one valued at $1.75bn with 5-year coupon maturing in 2029, another for the same amount … Read more
RIYADH: A global promise of net zero will be unmet unless the societal impact on vulnerable nations, access, and affordability is considered, experts said. A panel of ministers, private sector players, and specialists at the World Economic Forum in Davos, Switzerland, sought to address how ambitious sectoral transitions can be aligned with equitable and socially responsible … Read more
RIYADH: Nasdaq Dubai has listed China Construction Bank’s $600 million green bond, signaling its commitment to combating climate change. The issuance by the Chinese bank’s Dubai International Financial Centre branch aims to support impactful green projects in the region, focusing on renewable energy, seawater desalination, greenhouse gas emissions reduction, and energy efficiency, according to a … Read more
RIYADH: Aggregate bond issuances in the Middle East and North Africa region reached $95.9 billion in 2023, marking an 18.98 percent increase compared to 2022. According to a report released by KAMCO Invest, this growth was propelled by higher issuances from corporates in the region, compensating for the decline in issuances by MENA sovereigns. The … Read more
DUBAI: Saudi Arabia plans to tap global debt markets on Monday with the sale of a triple-tranche bond with tenors of six, 10 and 30 years, IFR, a capital markets publication, reported, according to Reuters. Initial guidance for the benchmark-sized six-year bond was around 115 basis points over US Treasuries, 135 bps over UST for … Read more
I feel I have a strong purpose in being in Saudi Arabia, says Ittihad Ladies’ Ashleigh Plumptre LONDON: Most footballing destinies are shaped in grandiose settings — gleaming stadiums or opulent boardrooms. However, for Ashleigh Plumptre, the momentous discussion about her life-changing move to Saudi Arabia unfolded in far more ordinary surroundings: A car journey … Read more