Egypt is set to raise EGP 4.8 billion (approximately $154 million) through a fresh treasury bond issuance scheduled for June 23, as authorities continue to tap the domestic debt market to support state financing requirements. The offering consists of three-year treasury bonds carrying a coupon rate of 23.068%, with interest payments to be made every …
Egypt Locks in EGP 4.8 Billion Through New Treasury Bond Sale Read More »
Major stock markets across the Gulf opened lower on Tuesday, pressured by a sharp decline in oil prices and growing expectations that the U.S. Federal Reserve could adopt a more aggressive stance on interest rates later this year. Investor sentiment weakened after Washington granted Iran a temporary sanctions waiver, allowing the country to continue crude …
Gulf Stocks Lose Ground as Oil Slips and Fed Tightening Fears Intensify Read More »
Dukhan Bank is preparing to tap international debt markets with a planned $500 million Additional Tier 1 (AT1) sukuk, launching a series of investor meetings as it gauges demand for the capital-raising exercise. The Qatari Islamic lender, which holds an A2 rating with a stable outlook from Moody’s and an A rating on negative watch …
Dukhan Bank Sets Stage for $500 Million AT1 Sukuk Offering Read More »
First Abu Dhabi Bank (FAB) has tapped international debt markets once again, raising $750 million through a benchmark Tier 2 capital securities offering that attracted strong investor interest and enabled the lender to tighten pricing significantly from initial guidance. The Abu Dhabi-based bank priced the Reg S-compliant securities at par, achieving a spread of 140 …
FAB Secures $750 Million Tier 2 Deal as Investor Appetite Compresses Pricing Read More »
The Gulf’s initial public offering market is entering a holding pattern, with several high-profile listings pushed beyond the summer months as investors wait for stronger signals on market stability, liquidity and valuation trends. Recent indications that tensions involving Iran may be easing have helped improve sentiment across Gulf Cooperation Council (GCC) markets. Yet investment bankers …
GCC IPO Pipeline Awaits Clearer Skies as Investors Gauge Post-Conflict Recovery Read More »
Uber is facing a fresh legal challenge from its own shareholders, who accuse the company’s leadership of repeatedly failing to enforce compliance standards, a pattern they say exposed the ride-hailing giant to thousands of lawsuits involving sexual assault, harassment, and other misconduct claims. The lawsuit, filed in federal court in San Francisco, alleges that Uber’s …
Uber Board Faces Shareholder Revolt Over Safety Oversight and Compliance Failures Read More »
California has launched a new legal challenge against the U.S. Environmental Protection Agency, accusing the federal agency of unlawfully placing long-standing state emissions waivers before Congress for possible repeal. The lawsuit, filed in federal court in Washington, targets the EPA’s decision earlier this month to transmit several California clean-air waivers to lawmakers under the Congressional …
California Takes EPA to Court Over Congressional Review of State Emissions Waivers Read More »
The legal battle surrounding one of America’s most haunting child disappearance cases took another dramatic turn on Monday after the U.S. Supreme Court restored the murder conviction of Pedro Hernandez, the man found guilty in the 1979 disappearance of six-year-old Etan Patz. In a 6-3 decision, the nation’s highest court reversed a lower court ruling …
A federal judge has halted a Justice Department investigation aimed at several Minnesota officials, delivering a sharp rebuke to the Trump administration’s efforts to scrutinize state leaders over their stance on immigration enforcement. In a ruling made public Monday, U.S. District Judge Patrick Schiltz invalidated subpoenas issued to the office of Minnesota Governor Tim Walz …
A federal court in California has dismissed the Trump administration’s legal challenge against Los Angeles over its policy limiting cooperation with federal immigration enforcement, marking another setback for Washington’s efforts to dismantle so-called sanctuary-style measures adopted by major Democratic-led cities. U.S. District Judge Fernando Olguin rejected the administration’s claim that the Los Angeles ordinance violated …
Court Throws Out Federal Challenge to Los Angeles’ Immigration Shield Policy Read More »
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