Arada closes $400M Sukuk, oversubscribed 3.5 times

SHARJAH: Arada Developments LLC (‘Arada’), rated B1 by Moody’s and B+ by Fitch, has successfully completed the issuance of its second public financing deal, a $400 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai….

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QSE Index Rises 32.43 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 32.43 points, or 0.34%, at the beginning of trading on Wednesday, reaching 9,664 points, compared to yesterday’s closing.

The QSE general index was supported by a rise in five sectors: Teleco…

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Statistics: A sharp decline in building permits

Ramallah – Ma’an – The Central Bureau of Statistics reported a decrease in the number of licenses issued in Palestine during the first quarter of 2024 by 20% compared to the fourth quarter of 2023.

The statistics stated in a statement issued today, W…

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S. Korea Adds Fewest Number of Jobs in Over 3 Years in May

South Korea reported the slowest on-year job growth in more than three years in May and the unemployment rate among young people reported a marked growth, data showed Wednesday.

The number of employed people came to 28.92 million last month, up 80,00…

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‘Saudi Exports’ Wins International MMA SMARTIES Award

Riyadh: The Saudi Export Development Authority’s “Made in Saudi” program received bronze in the “Marketing via Digital Media” category at the MMA SMARTIES International Awards.

This award recognizes campaigns that effectively utilize digital platform…

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China to promote energy storage industry in Greater Bay Area

GUANGZHOU: China is promoting the new energy industry in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in southern China, attracting high-end manufacturing companies to the area.

According to China Central Television (CCTV), an energy storage …

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