Latest news with #الاستثمار
Zawya
02-06-2025
- Business
- Zawya
Saudi Arabia allocates 3 new mining complexes in Riyadh and Makkah regions
Saudi Arabia's Ministry of Industry and Mineral Resources has allocated three new sites for mining complexes in the Riyadh and Makkah regions as part of efforts to strengthen the investment environment in the mining sector. The Ministry said in a Arabic language statement on Monday that two of the allocated sites are located in the Riyadh region with the first site in Afif governorate covering an area of 10.38 square kilometres (sq km), while the second is in in Al-Tairi Mining Complex in Rumah governorate spanning 37.88 sq km. A third site, east of Faydat Al-Musallam in Taif governorate, Makkah region, covers more than 25 sq km. Jarrah bin Mohammed Al-Jarrah, spokesperson for the Ministry, said the move is intended to enhance governance and transparency in the sector, support investor confidence and promote sustainable development in mining activities. Additionally, the mining complexes are expected to support local economic growth by creating job opportunities for residents, increasing local procurement, and fostering engagement with nearby communities. The world's largest oil exporter awarded mining sites on an area of 10,000 sq km in 2024 with a total investments of about 28 billion Saudi riyals ($7.4 billion). (Writing by SA Kader; Editing by Anoop Menon) (
Arabian Business
23-05-2025
- Business
- Arabian Business
UAE's Islamic T-Sukuk auction attracts AED 6.93bn in bids
The UAE Ministry of Finance announced the successful completion of the May 2025 auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. The issue received an overwhelming response, with the total bids reaching AED 6.93 billion, amounting to an oversubscription rate of 6.3 times. The overwhelming response underscores the strong confidence of investors in the country's creditworthiness and Islamic finance framework, the ministry said. The issuance forms part of the T-Sukuk issuance programme for the year 2025. The auction attracted robust demand from eight primary dealers across both tranches – the reopening of the May 2027 tranche and the newly issued 5-year tranche maturing in May 2030, the ministry said. The Islamic Treasury Sukuk auction continues to succeed in enhancing the investment environment and boosting the competitiveness of the local debt capital market. Discover the results for May. #MoFUAE — وزارة المالية | الإمارات (@MOFUAE) May 22, 2025 The auction results highlighted competitive, market-driven pricing with a yield to maturity (YTM) of 3.99 per cent for the May 2027 tranche and 4.06 per cent for the May 2030 tranche. The Islamic T-Sukuk programme plays a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Besides, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.
