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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'.

Iran Court Orders US to Pay $313m for ‘Terrorist’ Attacks

Court names US entities and officials - including ex-President Obama - ruling they played a role in directing ISIL.

Indigenous Australians File Complaint Over Gas Projects’ Impact on Rights

Traditional landowners say pension funds have obligation to prevent 'adverse human rights impacts' from energy projects.

Europe’s Shift to Renewable Energy: Can it Replace Russian Gas?

Leaders from northern European states pledge huge investment in green energy.

UK Government Reports That 1 in 5 Phones Did Not Receive Emergency Alert

The government says 80% of eligible phones got the alert, a "successful test" of the new system.

Ukraine Allies Condemn Russian Meeting at UN as ‘Cynical’

Russian Foreign Minister Sergey Lavrov blamed the West, particularly the US, for 'a profound crisis' in the UN system.

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