The world’s top oil exporter and de facto OPEC leader recorded total revenues of 269.9 billions riyals in the quarter …
UAE: Islamic Treasury Sukuk auction for October 2025 attracts bids worth $1.24bln
The auction witnessed strong participation from all eight primary dealers for both the new 2-year tranche maturing in October 2027 and the tranche maturing in May 2030 …
UAE set to host global crypto and finance leaders this December
The UAE is set to host multiple high-profile finance and crypto events in December, drawing top global industry leaders to Dubai and Abu Dhabi.
Dubai to launch new financial centre powering fintech and digital asset growth
DMCC announces plans for a new financial centre in Dubai to drive fintech, trade finance, and digital asset innovation …
Azerbaijan’s domestic debt strategy strengthens fiscal sovereignty
In an era of global economic uncertainty, Azerbaijan’s fiscal posture stands out for a reason that may surprise casual observers: its domestic debt now significantly exceeds its external debt. As of …
‘We don’t want Syria to be a burden,’ president tells investors
Syria’s president has pitched his country to the titans gathered at Saudi Arabia’s flagship financial event, touting it as a trade corridor ripe for even more than the $28 billion in foreign …
Corporación América Airports-led consortium awarded US$764 million Baghdad Airport contract
The consortium won the contract to rehabilitate, develop and operate the airport after submitting the most lucrative bid, pledging to allocate 43.05% of the airport’s annual revenue to Iraq’s central …
BP’s US$25bn Five-Field Megadeal In Iraq Is Finally Activated
The deal, alongside TotalEnergies’ $27 billion project, is part of Western efforts to reduce Iraq’s dependence on Iran for energy.
Indonesia’s digital rupiah CBDC to get stablecoin twist with government bond backing
Indonesia’s central bank, is moving ahead with plans to issue what it describes as its “national stablecoin version,” a digital currency backed by government bonds (SBN). The initiative was unveiled …
Indonesia’s digital rupiah CBDC to get ‘stablecoin’ companion backed by government bonds
Bank Indonesia plans to introduce a digital rupiah-linked stablecoin backed by government bonds, marking a significant step toward integrating blockchain technology into the country’s monetary system.