FAB launches 1st global Sukuk in ‘24
First Abu Dhabi Bank (FAB) issued on Thursday a five-year Sukuk worth $800 million at a rate of U.S. Treasury +85…
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U.S. Treasuries
S. Arabia borrows $12bln in bonds
Saudi Arabia has raised $12 billion from foreign debt, marking its biggest borrowing since 2017, during a…
Egypt’s holdings of U.S. treasuries hit $2.2 billion in May
Egypt’s buying of U.S. treasuries recorded $2.2 billion at the end of May, recent data by the U.S. Department of…
Shares drop on Greece Uncertainty, Rate hike Anticipation
A setback in Greek debt talks pushed U.S. and European shares lower on Friday, along with investor views that…
World Bank to Help Developing Nations Cope with Rising Rates: Kim
The head of the World Bank said on Tuesday that the global lender stands ready to help developing countries cope…
Gold Fails to Rebound, Extends Losses
Gold struggled to regain lost ground on Wednesday after tumbling nearly 2 percent in the previous session, as the…
Moody’s Cuts European Sovereigns Including Italy, Spain
Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal and…
