Bank Muscat has successfully priced a $750 million five-year senior unsecured benchmark bond, tightening its spread to 115 basis points over U.S. Treasuries, with a semi-annual coupon of 4.846%. Initial indications had suggested a spread of around 150 basis points. Investor appetite proved robust, with the final orderbook surpassing $2.3 billion, not including interest from …

Bank Muscat Secures $750 Million Five-Year Bond Amid Strong Investor Demand Read More »

For decades, Kuwait’s promise of housing for every family has been a slow-moving queue—one that today has swelled to 105,000 requests, growing at a steady 3% each year. If nothing changes, that figure could balloon to nearly 200,000 by 2035. The housing minister has now turned the spotlight onto the private sector, urging developers, banks, …

Kuwait Hands Housing Dilemma to the Private Sector After Decades of Bottlenecks Read More »

The cranes aren’t slowing down. From new towers piercing the skies of Dubai to mega-infrastructure reshaping Abu Dhabi, the UAE’s construction engine is charging ahead with output expected to hit $130.8 billion by 2029—up 22% from 2024 levels, according to new industry projections. The sector has been on an unstoppable climb since the start of …

UAE’s Building Boom: Construction Output to Soar Past $130 Billion by 2029 Read More »

Abu Dhabi has rolled out a fresh pair of dollar-denominated bonds, setting the stage for another heavyweight entry into international debt markets. The emirate is pitching a three-year Reg S/144A note around 40 basis points over U.S. Treasuries, and a 10-year tranche near 55 basis points. Both senior unsecured offerings carry strong backing, stamped with …

Abu Dhabi Taps Global Markets with Dual-Tranche Dollar Bonds Read More »

Dubai’s Binghatti Holding is keeping the capital markets buzzing, sealing its second major sukuk deal in less than two months. The developer, best known for its bold real estate projects, priced a $500 million three-year green sukuk at par with a 7.75% coupon—narrowed down from earlier whispers closer to 8.125%. The demand was nothing short …

Binghatti Strikes Again: $500 Million Green Sukuk Ignites Investor Frenzy Read More »