DAMAM: The Arab Petroleum Investments Corporation (APICORP) Monday announced the establishment of a $3 billion sukuk program.
DUBAI: Iraq's government plans a domestic issue of $5 billion worth of bonds starting in the fourth quarter of this year as it seeks to relieve the pressure of low oil prices on its finances, an offic
JEDDAH: Saudi Real Estate Co. signed an agreement with Alinma Investment, a unit of Alinma Bank, to jointly buy SR1.8 billion ($480 million) of land in Riyadh, it said in a statement.
Brussels: The stability of the eurozone is not at risk after Greeks voted ‘No’ to creditors’ austerity demands in a weekend referendum, the European Commission vice president for the euro said Monday.
ATHENS: Greece’s Finance Minister Yanis Varoufakis on Monday said he was resigning, in a shock announcement despite the government having secured a resounding victory for the ‘No’ vote in the country’
JEDDAH: Saudi Arabia's banking system remains largely insulated from the ongoing events in the euro zone, with high levels of liquidity and solid capitalization ratios, say top economists in the Kingd
JEDDAH: Saudi Basic Industries Corp. (SABIC) said it had completed the formation of a joint venture with South Korean petrochemical manufacturer SK Global Chemical Co.
FRANKFURT: Berlin is wooing private investors including Macquarie and JP Morgan to take a stake in its much-delayed new international airport, German newspaper Bild reported.
BERLIN: Greece will have to introduce another currency if it votes ‘No’ in the referendum on its potential bailout terms, European Parliament president Martin Schulz said on German radio.
JEDDAH: Saudi Arabia’s key market index edged up 0.3 percent despite a purchasing managers’ survey showing growth in Saudi Arabia’s nonoil private sector slowed in June to its lowest level since the s
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