INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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.