The Gulf’s debt markets didn’t tiptoe into the new year — they sprinted. January closed with more than $30 billion raised across the GCC, marking the strongest opening month the region has ever seen and pushing daily fundraising past the $1 billion mark. Saudi Arabia set the pace. Ten issuers from the kingdom tapped markets …
GCC Bond Rush Breaks January Records as Issuers Pile In Before Ramadan Read More »
ABU DHABI — The Central Bank of the UAE (CBUAE) has opted to keep its Base Rate for the Overnight Deposit Facility at 3.65%, signaling stability in the nation’s monetary landscape. The move follows the US Federal Reserve’s decision to maintain its own interest rate on reserve balances, reinforcing the UAE’s approach of aligning key …
UAE Central Bank Holds Steady as Global Rates Pause Read More »
Makkah Construction and Development Co. (MCDC), listed on the Saudi Tadawul, has landed 880 million riyals ($235 million) in shariah-compliant financing from Aljazira Bank. The funding will be used to acquire a prime land parcel in Makkah valued at around 980 million riyals, with the developer covering the balance from its own resources. The six-month …
MCDC Secures $235 Million Shariah Loan to Expand Footprint Near Makkah’s Grand Mosque Read More »
Bahrain’s Silah Gulf has captured investor attention with an IPO that flew off the shelves, raising BD 2.88 million ($7.64 million) and oversubscribed four times over. The offering drew robust demand, with more than 64.9 million shares—valued at BD 11.42 million—chased by eager investors. Silah Gulf, which operates contact centers and delivers training, consultancy, and …
Silah Gulf IPO Surges Past Expectations, Pulls in $7.64 Million Read More »
First Abu Dhabi Bank (FAB), the UAE’s asset heavyweight, is setting sights on the offshore market with a five-year floating-rate Formosa bond denominated in U.S. dollars. Guidance for the offering lands at SOFR +75 basis points. The Regulation S issuance is expected to mirror the bank’s solid credit standing with a Moody’s rating of Aa3. …
FAB Targets $5 Billion Formosa Debut with Five-Year Dollar Bond Read More »
A budget standoff in Washington is pushing the U.S. federal court system toward a financial squeeze, with paid operations at risk if lawmakers fail to break the deadlock before the end of the week. Senior judicial officials have warned that without fresh funding, the courts could only keep normal, paid work running for a few …
Courts on the Clock as Washington Funding Fight Intensifies Read More »
Construction crews are heading back offshore Massachusetts after a US federal judge lifted a government-ordered pause on the Vineyard Wind project, dealing another blow to Washington’s attempt to freeze new offshore wind developments. The decision, issued in Boston, allows work to resume on the Vineyard Wind site, one of several projects halted late last year …
Judge Clears Vineyard Wind to Power Back Up as Federal Halt Falters Read More »
Google has agreed to hand over $135 million to resolve a sweeping lawsuit brought by smartphone users who accused the company of quietly siphoning off their cellular data through its Android operating system. The proposed class-action settlement, filed in a federal court in San Jose, California, still awaits judicial approval. It applies to people who …
Google Agrees to $135 Million Android Data Settlement After Privacy Clash Read More »
A legal showdown is unfolding over the future of the U.S. disaster-response workforce, with unions stepping in to try to halt what they describe as a quiet but far-reaching downsizing at the Federal Emergency Management Agency. Labor groups representing federal employees have asked a judge to block plans that could eliminate more than 10,000 FEMA …
FEMA Jobs on the Line as Unions Ask Court to Hit Pause on Sweeping Cuts Read More »
A federal court has stepped in to halt a Trump administration initiative aimed at thousands of refugees living in Minnesota while they wait for permanent residency. The order, issued in Minneapolis, puts an immediate pause on arrests of lawful refugees who have not been accused of immigration violations. The judge said the enforcement push appeared …
Judge Freezes Federal Sweep Targeting Minnesota Refugees Read More »
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