Aramco Seeking to Issue Islamic Bonds

• Wednesday, 3rd February 2016
• by Egypt Oil & Gas

Saudi Aramco has held talks with banks about creating a program that would include selling Islamic bonds (sukuk) over the next years, wrote Bloomberg quoting sources familiar with the matter. Issuing Islamic bonds wil...

Bahraini $1.5b Bond Sales Send Bad Signals to Debtors

• Sunday, 22nd November 2015
• by Egypt Oil & Gas

Reuters reported that Bahrain’s $1.5b bond sale, last week, is a bad sign that Gulf borrowers will have to pay a lot more to issue debt in coming months because of low oil prices and less enthusiastic investors....

OAPEC’s Investment Corp on Verge of Shipping Deal Bolstered by Islamic Bonds

• Sunday, 22nd November 2015
• by Egypt Oil & Gas

Saudi Arabia-based Arab Petroleum Investments Corp. (APICORP) plans to acquire a shipping asset and could close that deal either year-end or in the first quarter of 2016, reported Zawya. “The pipeline is full. T...

Islamic Bonds Balancing Saudi Oil Prices Losses

• Tuesday, 14th April 2015
• by Egypt Oil & Gas

The slump in oil prices since June has done little to damp appetite for Shariah-compliant credit in the Gulf. Loan deals worth about $4 billion from Saudi Arabian Oil Co. and its joint venture Rabigh Refining & Pe...