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 »
Saudi Arabian Mining Company (Maaden) is rolling out plans for a 10-year, dollar-denominated senior sukuk, pricing initial guidance around 135 basis points over U.S. Treasuries. The Tadawul-listed mining giant has appointed a consortium of local and international banks as joint lead managers, including Albilad Investment, Al Jazira Capital, Arab Banking Corporation, Bank of China (Hong …
Maaden Targets $10 Billion Dollar Sukuk With 10-Year Maturity Read More »
QNB Bank A.Ş., the Turkey-based subsidiary of Qatar National Bank, has moved to the bond market with initial price thoughts for a $500 million, five-year Regulation S note, guiding investors to yields in the 6.5% range. The deal size is fixed and is not expected to be upsized. The senior unsecured offering is expected to …
QNB’s Turkish Arm Tests Markets With $500 Million Five-Year Dollar Bond Read More »
Lucid’s manufacturing footprint in Saudi Arabia is moving from blueprint to bytecode. At its sprawling site in King Abdullah Economic City, the electric vehicle maker is rolling out advanced industrial software from Rockwell Automation to run the factory floor end to end. The plant carries symbolic weight as well as industrial ambition: it is the …
Silicon Meets Steel: Lucid’s Saudi Factory Gets a Digital Backbone Read More »
The Gulf’s debt market is entering another growth phase, with total outstanding bonds and sukuk across the GCC set to climb beyond $1.25 trillion in 2026, according to fresh estimates from Fitch Ratings. From a base of about $1.1 trillion at the end of 2025, the region’s debt capital market is expected to expand by …
Gulf Borrowing Boom Pushes Regional Debt Past $1.25 Trillion Read More »
Saudi Arabia’s Public Investment Fund has opened the year’s funding playbook with a confident move in Islamic debt markets, locking in a $2 billion, 10-year benchmark sukuk at a slim 85 basis points over U.S. Treasuries. That final pricing marked a sharp tightening from early guidance pitched around the T+120bps level, as investor appetite surged …
PIF Draws Deep Demand as $2 Billion Sukuk Prices at the Tight End Read More »
After a year defined by market whiplash and postponed ambitions, the Middle East and North Africa equity capital markets are lining up for a busier 2026. Bankers say deals that were shelved during last year’s volatility are edging back onto the runway, setting the stage for a rebound in listings and share sales. Total equity …
After a Choppy Year, MENA’s IPO Engine Gears Up for a 2026 Comeback Read More »
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