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Saudi Arabia’s NDMC Raises $6 Billion from Islamic Bond Sale

RIYADH: Saudi Arabia’s National Debt Management Center has raised $6 billion from the sale of Islamic bonds, or sukuk, under its Global Trust Certificate Issuance Program. A statement issued on Tuesday said the Kingdom sold a $3 billion six-year tranche at 80 basis points over US Treasuries and another $3 billion in 10-year notes at 100 bps over UST.  Order books for the deal hit over $27 billion, it added. The bid-to-cover ratio reflects the strong demand for the Kingdom’s issuances, confirming the international investors’ confidence in the Saudi economy.

US House passes debt bill, may face Biden veto

The Biden administration has called on House Speaker McCarthy to instead raise the debt ceiling 'without conditions'.

School Tutoring: £594 Million Post-Lockdown Funds Unspent – 1/3 of Total

Education experts say the national tutoring programme helped some pupils but could have reached more.

US Book Ban

A prominent feature of the assault on freedom of thought and expression in the US is the race to ban books.

Nicaragua Crackdown: What’s Next After Five Years?

President Daniel Ortega's government accused by the West of repression but is supported by China and Russia.

Colin Beattie SNP Treasurer Arrested in Financial Investigation

Colin Beattie has been taken into custody by officers investigating the party's finances and funding.

Nigerian Aviation Workers Strike, Block Roads Over Pay

Chanting Nigerian aviation workers block roads to the domestic terminal to protest working conditions and wages.

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