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UN Palestinian agency chief says funding secured until end of May

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Attack on Rafah ‘not the way’ to defeat Hamas, US envoy tells UN Security Council NEW YORK: The US has again urged Israel to abandon plans for a major ground operation in Rafah, where more 1.5 million displaced Palestinians are hemmed in after months of fighting in Gaza. “We share Israel’s goal of defeating Hamas,” … Read more

Mabanee’s subsidiary secured $1.16bn financing for real estate project ‘The Avenues Khobar’

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RIYADH: Saudi Arabia’s National Debt Management Center concluded its riyal-denominated sukuk issuance for December at SR10.53 billion ($2.81 billion), marking an increase of 295 percent compared to the previous month.  In November, Saudi Arabia’s sukuk issuance amounted to SR2.66 billion, while in October, it was SR3.98 billion.   The offerings in December, with total bids received … Read more