Yousef Saba

Top oil exporter Saudi Arabia targets net zero emissions by 2060

4:02am EDT

RIYADH (Reuters) -The crown prince of Saudi Arabia said on Saturday that the world's top oil exporter aims to reach zero-net emissions by 2060 and more than doubled its annual target to reduce carbon emissions to almost 280 million tonnes.

Saudi Arabia, world's biggest oil exporter, to unveil green goals

12:00am EDT

RIYADH, Oct 23 Top oil exporter Saudi Arabia, one of the world's biggest polluters, will detail its plans to address climate change at an environment event on Saturday.

Islamic Development Bank gets $1.7 billion via sukuk

Oct 13 2021

DUBAI The Jeddah-based Islamic Development Bank on Wednesday sold $1.7 billion in five-year Islamic bonds at 25 basis points over mid-swaps, a bank document showed.

NEOM JV to secure billions in financing in early 2022, ACWA CEO says

Oct 11 2021

DUBAI ACWA Power, which debuted on Saudi Arabia's stock market on Monday, expects to finalise in the first quarter of next year billions of dollars in financing for a green hydrogen joint venture at the planned futuristic city NEOM, ACWA's CEO said.

UAE gets $4 billion with debut bond sale

Oct 06 2021

DUBAI (Reuters) -The United Arab Emirates locked in $4 billion with its debt capital markets debut on Wednesday, after orders for its three-tranche bond deal topped $22.5 billion, bank documents showed.

UAE expected to raise around $3 billion with debut bonds - sources

Oct 04 2021

DUBAI (Reuters) -The United Arab Emirates federal government is expected to raise between $3 billion and $3.5 billion from its debut bond sale, which will comprise three tranches denominated in U.S. dollars, two sources close to the deal said on Monday.

UAE to start marketing first federal dollar bond this week - sources

Oct 03 2021

DUBAI The United Arab Emirates government is expected to begin marketing its first bond as a federation as soon as this week, a transaction denominated in U.S. dollars, four sources familiar with the matter said on Sunday.

Bahrain's balanced budget delay unlikely to deter debt investors

Sep 28 2021

DUBAI, Sept 28 Bahrain's delaying of its fiscal balance programme, which pushes a zero-deficit target by two years to 2024, is unlikely to deter investors from buying its debt, amid expectations of continued support from richer Gulf allies.

Citi launches tech hub in Bahrain to develop its digital platforms

Sep 27 2021

DUBAI Citi launched on Monday a global technology hub at its Bahrain offices, the first of its kind in the region and with the aim of employing 1,000 coders over the next decade.

UAE seeks $1 trillion in economic activity with Israel by 2031

Sep 14 2021

DUBAI (Reuters) -The United Arab Emirates aims to raise the value of economic activity with Israel to more than $1 trillion in the next 10 years, hoping to work together on everything from healthcare to climate change and energy, the UAE economy minister said.

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