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NBB partners with Citi to offer 24/7 dollar clearing serviceThe National Bank of Bahrain (NBB) has become the first bank in Bahrain to offer its customers 24/7 US dollar clearing for both incoming and outgoing payments. The innovative service, developed in partner More… |
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UAE $1.5bn bond oversubscribed by over 4 timesThe UAE's Ministry of Finance, has closed its offering of a US dollar-denominated 10-year $1.5 billion bond, maturing in July 2034. Issued with a yield of 4.857%, the bond represents a spread of 60 ba More… |
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ADIB mandates banks for issuance of inaugural Green SukukAbu Dhabi Islamic Bank (ADIB), a leading financial institution, rated A2 by Moody’s and A+ by Fitch, has mandated banks for the issue of a dollar-denominated rated senior Green Sukuk, subject to market conditions. More… |
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Gold slides to three-month low on strong dollarGold prices lingered near a Mid-March low on Thursday, dragged down by a stronger dollar, Reuters reported. Spot gold fell 0.1% to $1,904.79 per ounce by 09:50 GMT, lingering near its lowest since mid- More… |
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Sukuk issuance from core markets down 17.2% in Q2Total US dollar-denominated sukuk issuance from the core markets of the GCC, Malaysia, Indonesia, Turkey, and Pakistan fell by 17.2% quarter-on-quarter (qoq) in Q2, whilst US dollar bond issuance fell by 63.8%, said Fitch Ratings. More… |
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UAE's dollar denominated dual-tranche bond oversubscribed 5xThe UAE, represented by the Ministry of Finance, has successfully closed its offering of a US dollar-denominated dual-tranche sovereign bond package - comprising medium and long-term tranches: a 10-year tranche and a 30-year Formosa tranche wo More… |
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Gold to face headwinds of rate hikes, dollar strength in 2022Gold will likely face two key headwinds during 2022 -- higher nominal interest rates and a potentially stronger dollar, says an outlook from the World Gold Council. However, the negative effect from More… |
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Gold to face headwinds of rate hikes, dollar strength in 2022Gold will likely face two key headwinds during 2022 -- higher nominal interest rates and a potentially stronger dollar, says an outlook from the World Gold Council. However, the negative effect from More… |
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Gold to face headwinds of rate hikes, dollar strength in 2022Gold will likely face two key headwinds during 2022 -- higher nominal interest rates and a potentially stronger dollar, says an outlook from the World Gold Council. However, the negative effect from More… |
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Oil overshooting industry’s equilibrium price: MUFGOil may be overshooting the equilibrium price for the oil industry, which is centred on the current anchor near the industry’s long-term marginal cost of production and support of $55 per barrel (/b), a report said. A conflu More… |
