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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.

AI Hoax: Man’s “Death” After Jimin Surgery Points to BTS

Media outlets around the world reported an actor died after surgery to look like K-pop star despite numerous red flags.

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

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

Global Military Spending on the Rise: What’s Behind It?

Military expenditure around the world has hit a new record. 

Moldova: Fears, Vulnerabilities, Divides and Dancing in Photos

Moldova, a former Soviet Republic, has become an increasingly visible sideshow of Moscow’s war in Ukraine.

Diane Abbott Suspended by Labour Party Following Racism Letter

The MP says she apologises "for any anguish caused" and wishes to "unreservedly" withdraw her remarks.

Sudan Conflict: Intensifying Combat as Clashes Expand

The escalation came on the second day of conflict between the country's rival armed factions.

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