Saudi Arabia has rolled out a sweeping national privatization strategy designed to dramatically scale up public-private partnerships (PPPs), positioning the private sector as a central engine in delivering major projects and modern public services under Vision 2030. Spearheaded by the National Center for Privatization & PPP (NCP), the strategy signals a clear shift from policy …

Saudi Arabia Sets the Stage for a New Era of Public-Private Growth Read More »

Egypt is heading back to the dollar debt market with plans to auction $950 million in one-year treasury bills, according to a central bank statement issued ahead of the sale. The upcoming issuance is designed to roll over existing obligations, replacing $1.06 billion in one-year dollar treasury bills that are set to mature. Those outgoing …

Egypt Lines Up Fresh Dollar Debt as $950m T-Bill Sale Nears Read More »

The UAE’s local-currency debt market kicked off the year with a clear show of strength, as investors piled into the latest auctions of dirham-denominated Treasury Islamic Sukuk and Treasury Bonds. The Ministry of Finance confirmed that January’s auctions raised AED 1.1 billion, marking the first issuances under the T-Sukuk and T-Bond programmes for 2026. The …

UAE Treasury Auctions Pull in $1.4bn as Demand Swamps New Sukuk and Bond Sale Read More »

The UAE has crossed a milestone that once sounded aspirational and distant. Its non-oil foreign trade has surged past the $1 trillion mark for the first time, a leap that signals how quickly the country’s economic story is being rewritten. Sheikh Mohammed bin Rashid Al Maktoum said the achievement reflects years of groundwork coming together …

UAE Breaks the Trillion-Dollar Barrier as Non-Oil Trade Redraws the Economic Map Read More »

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 »