Browsing: finance

RIYADH: Sukuk issuance across the Middle East and North Africa surged 48 percent to $6.2 billion in the first half of 2024, driven by green and social projects, a new analysis showed.

RIYADH: Saudi Arabia has completed its riyal-denominated sukuk issuance for June at SR4.4 billion ($1.17 billion), according to the National Debt Management Center.

RIYADH: Bond offerings in Saudi Arabia are set to expand with increased activity, highlighting significant growth opportunities in the Kingdom’s financial sector, according to the investment minister.

RIYADH: As Saudi Arabia strides forward with its Vision 2030 objectives, the Kingdom’s central bank is at the forefront, driving a host of pivotal initiatives and greenlighting various enterprises in 2024. These actions reaffirm the nation’s dedication to fostering financial innovation and inclusivity. 

U.S. jobless claims fell in the latest week, declining 5,000 to a seasonally-adjusted 238,000 for the week ended June 15, data showed, suggesting a generally stable labor market

At 1229 GMT, the yuan was 0.05% lower at 7.2605 to the dollar, its weakest since November and only 11 pips from the top of a narrow 2% daily trading band, the mid-point of which is set by the People’s Bank of China (PBOC)

The dollar index, which tracks the currency against six peers, was last up 0.28% at 105.49

These projects are unique in achieving a significant positive impact in all sectors within short periods of time

In the UAE, the growth of Nasdaq, fuelled by AI advancements, seems to have a positive ripple effect on the country

However, CBDCs could compete with bank deposits, lender says