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Rosneft s gas ambitions

Iraq releases commander of Popular Mobilisation Forces militia

DUBAI: Iraq has released the commander of the Popular Mobilisation Forces militia (PMF), also known as Al-Hashd Al-Sha’abi, Qassim Musleh, news TV channel Al-Arabiya reported. The leader was arrested on May 26 by troops from the country’s Ministry of Interior over extremism charges. Earlier on Tuesday, there were conflicting reports about the release of Musleh. Sources close to the PMF said the country “released Musleh due to lack of evidence.” But a government official told Middle East daily Asharq Al-Awsat that “the decision has not yet been issued.maybe within days,” without denying the validity of the release. Some PMF sources confirmed their willingness to receive the released commander in Karbala. But other sources spoke of a quarrel between senior government leaders and PMF parties that led to the postponement of Musleh’s release.

Egypt may issue first sovereign sukuk worth over $2bn, says minister

RIYADH: Egypt might issue the first sovereign sukuk in its history at the beginning of the new fiscal year, with a value of up to $2 billion, said Finance Minister Mohamed Maait. He said this would first require the launch of a sukuk company and a Shariah committee, he told Al Arabiya. Egypt government debt instruments attracted foreign investments of as much as $29 billion up

Emirates NBD rings Nasdaq Dubai s bell to celebrate $750m bond listing

DUBAI: The group CEO of Emirates NBD, Shayne Nelson, rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $750 million bond. The perpetual bond pays a coupon of 4.25 percent, the lowest pricing for a conventional Tier 1 bond from the UAE. It was 2.3 times oversubscribed with a strong demand from the region – 64 percent of interest from the

Netflix expands hardship fund to support Arab TV and film community

DUBAI: Netflix has announced a new hardship fund in collaboration with the Arab Fund for Arts & Culture (AFAC) to support those most affected by the pandemic in the Arab region’s film and TV community. The fund, valued at $500,000, will provide financial support in the form of individual grants ($2000 per grant) to below-the-line crew, craftsmen and freelancers in the

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