Dubai Islamic Bank has successfully priced its $750 million five-year senior sukuk, taking advantage of global interest in Islamic bonds. The bank is the largest Islamic lender in the UAE.

Abu Dhabi Ports Group has raised $1.1 billion from a share sale a day before it is to list on the emirate’s stock market. The firm is owned by sovereign wealth fund ADQ. The proceeds will be used to “accelerate local and international expansion plans.

The Egyptian government has partnered with the German energy storage firm H2 Industries to set up a green hydrogen plant in the country.

For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons that woo Gulf investors beside profits.

In the last two years, Saudi Arabia has attracted more than $2 billion in investments in cloud computing according to Deputy Minister for Technology Development Nawaf D. Al-Hoshan.

ExxonMobil reported a profitable fourth-quarter Tuesday to conclude a strong comeback year in 2021 on higher oil prices amid recovering energy demand.

The current midmarket rate for a US dollar is LBP1,500, while the black-market rate is more than LBP23,000 to the dollar.

Qatar World Cup ticket sales were launched at reduced prices on Wednesday with residents and migrant workers able to attend games for just $11 as concerns persist over Covid-19.

The midmarket rate for the Lebanese pound is around 1,500 to the dollar, but the reality on the ground is that the black-market rate of 30,000 prevails.

Consumer prices jumped to 36.1 percent last month from the same period in 2020, up from 21.3 percent in November.

Finance Minister Nureddin Nebati urged citizens to sue economists who comment on social media about the lira's slide. His remarks followed the banking regulator's decision to file complaints against more than 20 people over their Twitter posts.

The Turkish lira on Thursday hit fresh lows after the central bank fired the latest salvo in President Recep Tayyip Erdogan's "economic war of independence" by cutting interest rates for the fourth successive month. The reduction of the main rate to 14 from 15 percent comes in the face of...

Syrian lawmakers have approved a draft budget for 2022 of $5.3 billion, down from $6.8 billion this year, as a spiraling economic crisis hits public finances and threatens subsidies on essential goods. A decade of war, Western sanctions and the coronavirus pandemic have devastated the Syrian economy, pushing most of...

Even as Lebanon faces one of the worst economic crises, about US$7 billion remains missing from the Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests.

About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak government policies for the economic crisis.

The new record, topping a previous low of more than 24,000 earlier this week, adds to the troubles of the newly-formed Lebanese government.

The Turkish lira plunged to record lows against the dollar on Tuesday after President Recep Tayyip Erdogan said policymakers have no appetite to hike interest rates in response to the currency's fall.

The Turkish lira suffered one of its biggest falls of the year on Tuesday and hit new historic lows to cement its status as the year's worst-performing emerging market currency.

The issue's maturity period is six months, with a return rate of 1.250 percent.

Lebanon’s Information Minister George Kordahi has said that the country needs $1 billion to bring up the value of the Lebanese pound against the dollar. He acknowledged the fact that the demand for dollars is high, especially since diesel fuel is sold today in dollar terms.

Russian President Vladimir Putin signaled tolerance of cryptocurrencies, but is still not convinced they can replace the US dollar in settling oil trades.

Bitcoin breached the $60,000 mark for the first time since April on growing hopes that US regulators will greenlight the first futures exchange-traded fund for the cryptocurrency.

The Turkish lira sank to a record low against the US dollar on Thursday after President Recep Tayyip Erdogan fired three central bank members in an overnight decree. The embattled Turkish currency has lost nearly a fifth of its value so far this year as market concerns over the policy-setting...

The impending end of super-loose monetary policy from the Federal Reserve will have both positive and negative effects on the economies of the Arabian Gulf.

The decision to disburse the $246-million World Bank loan in dollars will have a significant impact on the beneficiaries.

The GCC might have been a late entrant to the exclusive club of space programs, but with its deep pockets it has gradually squeezed its way to the top.

The Mediterranean country is battling what the World Bank has described as one of the planet's worst financial crises since the 1850s

 Gasoline price rise likely to ease the shortage of fuel Lebanon is experiencing one of the worst economic crises in history Faced with an acute shortage of gasoline, Lebanon’s caretaker Prime Minister Hassan Diab approved a proposal to finance fuel imports at a rate of 3,900 Lebanese pounds to the...

The bank is bucking the trend of Additional Tier 1 bond issued There have been relatively few senior bond sales from banks this year in the Middle East Although there have been very few senior bond sales from banks in the Middle East, with the focus being mainly on Additional...

Under the deal, Beehive will provide $8.16 million as loans to qualified businesses Beehive uses crowdfunding to connect small businesses to retail investors Emirates Development Bank (EDB) has signed a deal with a Dubai-based peer-to-peer platform to give small to medium-sized enterprises (SMEs) more funding options. Under the deal, Dubai’s...

  The bonds will be issued in three tranches The deal will consist of three, five and ten year tranches Saudi Aramco has unveiled its first US. dollar-denominated sukuk bond on Wednesday, which will be issued in three tranches, Reuters reported. The deal will consist of three, five and ten...

    The loan will be used for lending to small enterprises The lending is expected to drive the country's path to recovery   The OPEC Fund for International Development (OFID) has granted a $10 million private sector loan agreement with the Bank of Maldives, state news agency WAM reported....

A patented system of solar and growth monitoring technologies allows use of salt water for cooling greenhouses, irrigating crops