Business Blog

Stock markets in the Gulf may kick off the second quarter on a weak footing on Sunday after oil prices tumbled about 4% at the end of last week.

Uncertainty in the global macroeconomic environment has turned investors cautious and more vigilant.

Iran's Ministry of Finance has issued IRR5 trillion (USD145 million) at the free market exchange rate) of lease-based Islamic bonds.

Objective of financing to provide funding to build and develop infrastructure for phase one of Jeddah Economic City project, to continue construction of Jeddah Tower.

Islamic Development Bank (IDB) and the Republic of Mali have signed a USD44 million agreement for Phase II of the Kabala Water Project.

ITFC, a member of the Islamic Development Bank (IDB) Group, signed a USD75m Syndicated Murabaha with Senegal.