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DHAHRAN—Saudi Aramco on Tuesday announced the successful completion of a $4 billion bond issuance across four tranches under the Global Medium Term Notes Program.The tranche includes $500 million of senior notes due in 2029 with a coupon rate of 4%. The $1.5 billion senior notes mature in 2031 and carry a coupon rate of 4.375%. The $1.25 billion senior notes mature in 2036 and carry a coupon rate of 5%. The $750 million senior notes mature in 2056 and carry a coupon rate of 6%. The transaction was priced on January 26, 2026, and the notes were listed on the…
King Salman Humanitarian Aid and Relief Center, at the headquarters of the Islamic Government Charitable Fund of Uzbekistan in the capital Tashkent, has launched the fifth phase of the project to distribute food baskets in the Republic of Uzbekistan towards the year 2026 AD.The inauguration ceremony was attended by Mr. Saad bin Nasser Abu Hamid, Ambassador of the Administration of the Two Holy Mosques of the Republic of Uzbekistan, Mr. Sheikh Hamid Yan Akhmatobekov, Vice-Chairman of the Muslim Administration of Uzbekistan, Mr. Jehangir Salamov, Chairman of the Board of Charitable Endowments Fund, and the center team.The project aims to distribute…
Saudi Investment Minister Khalid al-Falih confirmed that Turkish direct investment in the Kingdom exceeds $2 billion and is concentrated in the manufacturing and real estate sectors, as well as many other activities, demonstrating that the Saudi and Turkish economies are characterized by integration rather than competition. He explained at the Saudi-Turkish Investment Forum held in Riyadh today (Tuesday) that the number of Turkish companies operating in Saudi Arabia will reach 1,473 by the end of 2025.Mr. Al-Falih pointed out that the trade exchange value between the two countries has reached $8 billion, achieving a growth of 14% within a year,…
United Arab Emirates – DMCC, a major international business district that drives global trade flows through Dubai, and Dubai’s leading real estate developer Swaid & Swaid have announced the launch of BAY360, a new mixed-use development and lifestyle destination at Jumeirah Lakes Towers (JLT). Conceived as a neighborhood and community hub, BAY360 offers a carefully selected combination of everyday conveniences, essential retail, dining, wellness and recreational amenities. This forms part of DMCC’s wider upgrade of common spaces across JLT, further improving the quality, accessibility and liveability of one of Dubai’s most established residential areas. BAY360 will be carefully developed on…
The Governor of the Central Bank of Syria, Abdul Qadir Al-Husria, called on operating banking departments to instruct their branches to take all necessary measures to objectively and impartially manage available cash liquidity.Mr. Al-Hossariya today confirmed that non-compliance with instructions will result in the imposition of appropriate sanctions and penalties established by regulation and law against violating branches, pointing out that increasing confidence in the banking sector is the only way to provide liquidity to the Syrian economy.He said the request was made based on questions received by the bank regarding its failure to respond to the requests of many…
As the adoption of renewable energy accelerates globally, insurers are being forced to rethink how they assess, price and manage risk for a new generation of assets.The International Energy Agency predicts that global renewable energy capacity will double between 2025 and 2030, and South Africa plans to increase the share of renewable energy in its electricity mix from 11% to 41% by the end of this decade. This rapid expansion has exposed gaps in traditional insurance models and increased reliance on insurtech, data analytics, and emerging technologies to manage the increasingly complex risks of renewable energy. Insurtech meets renewable energy…
BEIJING – Chicago soybean futures rose on Tuesday, reversing losses from the previous session, as traders grappled with broader commodity market turmoil and a rebound in gold prices. Wheat and corn also rose. The most active soybean trade on the Chicago Board of Trade (CBOT) was up 0.2% at $10.62-3/4 a bushel as of 0453 GMT. CBOT wheat rose 0.3% to $5.29-1/4 a bushel and corn rose 0.3% to $4.27 a bushel. “The rise in soybean and grain prices is related to the rebound in gold and silver prices. Recently, the sharp decline in gold and silver has led to…
RIYADH — French star Karim Benzema has completed his move to Al Hilal and is preparing to start a new chapter in his career after ending a successful spell at Al Ittihad.Benzema’s departure from Ittihad marks the end of a trophy-filled era at Jeddah, where he played a central role in winning the Saudi Professional League and King’s Cup.He will now join league leaders Al Hilal and open a new chapter at the pinnacle of Saudi football.The move continues the Saudi-based journey that began in the summer of 2023, when Benzema chose to leave Real Madrid after more than a…
Today, Tuesday, the Syrian theater show “Ghee on Honey” opens at the Mohammad Al Ali Theater on the Boulevard as part of the Riyadh Season activities, marking the first appearance of Syrian theater in this large-scale entertainment event, and the show will continue from February 3 to 7.Bromo Interstellar AirportIt is worth noting that a teaser promotion for this play was announced earlier. The play had a comedic nature and featured a chase scene in which Moassem al-Nahar and Jumana Murad flee from court and try to catch up with her, and many of the show’s stars took part.work team…
The Kremlin announced today that India has not notified it of any suspension of purchases of Russian oil.Meanwhile, credit rating agency Moody’s reported that the trade deal signed between India and the US will not lead to an immediate halt to India’s purchases of Russian oil.”India is unlikely to suspend all imports of Russian crude oil immediately after signing a trade agreement with the United States, as such a step would hinder India’s economic growth and lead to higher domestic inflation,” the agency said in a comment.stop and inflateAccording to Moody’s, given that India is one of the world’s largest…
