Iraq has warned that it may be forced to explore every available course of action if its oil production quota within OPEC is not substantially increased, according to a senior official from the country’s oil ministry. The remarks come as Baghdad intensifies efforts to secure a larger production allocation, arguing that current limits no longer …

Iraq Signals Tough Stance on OPEC Output Limits Amid Deepening Fiscal Strain Read More »

The easing of geopolitical tensions and a shifting energy landscape are creating a more constructive environment for investors across the UAE and the broader Middle East, according to Standard Chartered. The bank believes that the temporary understanding reached between the United States and Iran, coupled with a moderation in oil prices, has helped reduce the …

Risk Premiums Recede, Opening Fresh Path for UAE Investors, Says Standard Chartered Read More »

Most major stock markets across the Gulf traded lower on Thursday morning as investors weighed falling crude prices against growing expectations that the U.S. Federal Reserve could tighten monetary policy further before the end of the year. Oil, a key driver of economic sentiment across the region, continued its downward move, sliding toward levels seen …

Gulf Equities Slip Into Reverse as Oil Retreat and Fed Fears Cloud Sentiment Read More »

Türkiye has launched a new six-year US dollar sukuk transaction, marking another step in its international funding programme as the sovereign taps demand for Shariah-compliant debt. The planned benchmark-sized issuance is structured as a senior unsecured Ijarah sukuk and is being offered under Regulation S. Initial price thoughts have been set around 7.125%. The sovereign …

Türkiye Returns to Sukuk Market With Six-Year Dollar Offering, Guidance Set at 7.125% Read More »

Abu Dhabi-based healthcare operator Burjeel Holdings has successfully entered the international Islamic debt market, raising $500 million through its first-ever five-year sukuk, a deal that drew strong investor appetite and exceeded initial expectations. The senior unsecured sukuk was priced with a fixed profit rate of 7% payable every six months. The notes were issued at …

Burjeel Makes Global Debt Market Debut With Oversubscribed $500 Million Sukuk Read More »

Kuwait has stepped up its domestic fundraising efforts, issuing KWD550 million ($1.77 billion) in Treasury bonds and public debt tawarruq instruments across a range of maturities through the Central Bank of Kuwait on behalf of the Ministry of Finance. The offering was spread across four tenors. Two-year securities accounted for KWD150 million and carried a …

Kuwait Ramps Up Domestic Borrowing With KWD550 Million Debt Sale Read More »