Saudi Arabia’s Bank AlJazira has successfully priced a $500 million perpetual Additional Tier 1 (AT1) sukuk, attracting robust investor demand that allowed the lender to tighten pricing from initial guidance. The US dollar-denominated issuance was priced at a spread of 650 basis points over US Treasuries, improving from initial price thoughts that were set in …

Bank AlJazira Draws Strong Demand as $500 Million AT1 Sukuk Prices Tighter Read More »

UAE equities surged on Thursday as investor sentiment improved following signs of easing tensions between the United States and Iran, helping Dubai post its strongest advance in months. However, growing expectations that the U.S. Federal Reserve could maintain a tougher stance on interest rates prevented a broader rally across Gulf markets. Markets drew support from …

Ceasefire Cheer Lifts UAE Markets, But Fed Jitters Keep Gulf Rally in Check Read More »

Jabal Omar Development Company has entered into a SAR 2 billion ($533 million) Murabaha financing agreement with Saudi National Bank, marking another step in the developer’s efforts to strengthen its balance sheet and streamline long-term financing obligations. The new facility, which carries a 15-year tenor, will be used to refinance existing debt under more favorable …

Jabal Omar Secures $533 Million Refinancing Deal to Extend Debt Maturity Read More »

The global oil industry is nowhere near the end of its growth story, according to OPEC, which has reaffirmed its conviction that oil demand will continue climbing for decades despite the rapid expansion of renewable energy and electric vehicles. In its latest *World Oil Outlook 2026*, the producer group projected global oil consumption to rise …

OPEC Doubles Down on Oil’s Future, Pushes Demand Growth Forecast Through Mid-Century Read More »

First Abu Dhabi Bank (FAB), the UAE’s largest lender, has launched a three-year euro-denominated green bond offering, inviting investors to participate in a senior unsecured benchmark transaction under its established Euro Medium Term Note Programme. The deal, structured as a Regulation S, Category 2 issuance, will be offered through FAB’s $20 billion Euro Medium Term …

FAB Heads to Euro Debt Markets With Green Bond Offering as Pricing Window Opens Read More »