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Finance
Israel’s forex reserves hit new record.

Israel’s foreign exchange reserves at the end of August 2025 rose to $230321 billion – a new...

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September 15, 2025

Finance
Gold inches higher as soft US PPI data fuels rate cut bets; CPI in focus.

Gold edged up on Thursday, as softer-than-expected US producer price index (PPI) data reinforced...

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September 11, 2025

Finance
Indonesian Mining Tycoon Garibaldi Thohir-Backed Merdeka Gold To Raise Up To $291 Million From IPO.

Merdeka Gold Resources—backed by Indonesian mining tycoons Garibaldi Thohir and Edwin...

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September 10, 2025

Finance
U.S. retail giant Walmart to open first branded stores in Africa.

US retail giant Walmart said on Tuesday it will launch its first Walmart-branded stores in South...

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September 10, 2025

Finance
Anglo American to merge with rival Teck in $53bn mining group

The London-listed miner Anglo American has agreed to merge with its Canadian rival Teck...

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September 9, 2025

Finance
Saudi Arabia’s National Debt Management Center has completed the issuance of a $5.5 billion (SR20.63 billion) international sukuk under the Kingdom’s Global Trust Certificate Issuance Program. The offering, the country’s first international sukuk based on an Ijarah structure, was issued in two tranches. The five-year sukuk maturing in 2030 raised $2.25 billion (SR8.44 billion), while the 10-year tranche maturing in 2035 secured $3.25 billion (SR12.19 billion), NDMC said in a statement. Investor demand was strong, with the order book reaching about $19 billion — 3.5 times the issuance size — underscoring global confidence in the Kingdom’s economic fundamentals and investment outlook. The NDMC noted that the issuance aligns with its strategy to diversify the investor base and meet Saudi Arabia’s financing requirements through international debt capital markets in an efficient and effective manner. Global and regional banks played a key role in the transaction. Citigroup, HSBC, JP Morgan, and Standard Chartered acted as joint global coordinators and active book-runners. ICBC and Mizuho joined as active joint lead managers, while Abu Dhabi Islamic Bank, Dubai Islamic Bank, and Al Jazira Capital participated as passive joint lead managers. A recent report by Kuwait Financial Centre, also known as Markaz, showed Saudi Arabia led the Gulf region’s primary debt market in the first half of 2025, raising $47.9 billion through 71 bond and sukuk deals — 52.1 percent of the GCC total. Source: Arabnews

Saudi Arabia’s National Debt Management Center has completed the issuance of a $55 billion...

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September 8, 2025

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