RIYADH: Egypt’s first proposed sovereign $5 billion sukuk offering has been assigned a (P)B3 rating by Moody’s Investor Service, meaning it is considered speculative and subject to high credit risk.
The categorization from the credit rating agency reflects the government’s issuer rating, according to a statement.
The anticipated Trust Certificate Issuance Programme is issued by the Egyptian Financial Company for Sovereign Taskeek, which is fully owned by the Ministry of Finance.
In the frontline village of Bezruky which sits in the Kharkiv region – just half…
Israelis in the West Bank are still subject to Israel's civilian law and enjoy widespread…
The announcement has, so far, been met with little enthusiasm in Gaza, though some people…
There are many reasons why it might not work. At the same time, it is…
Dr Xand van Tulleken and Professor Sunita Sar explore why we follow advice we suspect…
What you need to knowIsraeli hostilities and demolitions continued in southern Lebanon, where at least…