Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Saudi Arabia to issue second local sukuk for the year

  • The local issuance comes amid rising demand for both international and domestic fixed income markets that provide safe and guaranteed returns
  • Countries are resorting to fixed income instruments to settle budget obligations in a bid to fuel economic recovery

For the second time this year, the Saudi government will issue riyal-denominated sukuk for the year, seeking to take advantage of huge interest in the bonds.

The local issuance comes amid rising demand for both international and domestic fixed income markets that provide safe and guaranteed returns.

Countries are resorting to fixed income instruments to settle budget obligations in a bid to fuel economic recovery and ease pandemic repercussions.