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This follows the July 2024 Al-Nokhatha field discovery, with reserves of 3.2 billion barrels
Bonds fund governments by repaying principal and interest; tawarruq converts debts into tradable securities
The cable will be a trusted option for big companies and international service providers
Investment property sales grew by 49.5 percent annually in Q3 2024
CITRA is closely monitoring the situation with the affected company to expedite repairs and restore normal service quickly
CBK said that the issuance period is three months with a return rate of 4.125 percent
These contracts are integral to the ongoing initiatives to boost the country's electrical infrastructure and ensure its long-term viability
The bank specified that this issuance has a maturity period of three months and an interest rate of 4.125 percent
Work at government institutions will resume on Sunday
UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth
Consolidated assets increased 4.34 percent from $372.05 million in 2023 to $388.21 million in the nine months ended September 30
The future of banking will be defined not by head-to-head competition with fintech companies, but by cooperation
The discussions highlighted the significant advancements in cooperation, bolstered by the leadership of both nations
The payment service provider will use Mastercard Gateway for quick, seamless, and secure transactions in the region
Efforts are underway to organize the joint trade committee between the two countries as soon as possible
These issuances have a maturity period of three months, with a yield of 4.375 percent
The Chamber highlighted that Kuwait and India's relationship extends beyond business due to their historical ties
On August 19, KCB announced a similar allocation of bonds and tawarruq for three months at the same value and return rate
The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1
Other notable agreements included collaboration in communications and information technology
Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels
These five-year sukuk support projects advancing ESG goals aligned with sustainability objectives
Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023
The June wholesale price index rose 2.1 percent year-on-year to 149.2 from 146.2 in June 2023
