Saudi’s Finance Ministry issues $1.53bn in Sukuk
Saudi Arabia’s Ministry of Finance has raised 5.755 billion riyals ($1.53 billion) in sukuk, as part of the monthly program on Thursday. Under...
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Intel Capital makes investment of $132mn in tech startups
As a part of a major investment amid Covid-19, Intel Capital announces of investing $132mn in 11 technology startups in...
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German insurer Allianz announces €2.3bn in first quarter
Global financial markets are feeling the pain from the Covid-19 pandemic crisis with further warning that the results are likely...
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Axiata group completed $800 million Islamic Financing
In a statement on Monday, Malaysia’s Axiata’s Group Bhd AXIA.KL declared of having secured a sum total of $800mn multi-currency Shariah-compliant Islamic...
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UAE to make additional cuts to ease dwindling oil demand
In the event of announcing reductions in oil supply, energy minister of United Arab Emirates said on Monday that the...
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Siemens escalates its energy business amid Covid-19
As the pandemic violently sweeps over the world wreaking havoc in businesses and lives alike, Siemens, the largest industrial manufacturing company...
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