RIYADH: A group of Emirates REIT creditors has rejected a proposal to exchange $400 million of sukuk for new notes maturing two years later, Asharq reported. The certificate holders said in a statement today that they had informed the company of their position and requested a meeting the next day to “discuss the ad-hoc group’s concerns and requirements for the restructuring
RIYADH: The Taif Municipality has conducted 3,800 health inspections at commercial and food businesses as part of COVID-19 precautionary measures. Some 40 field teams have been working around the clock to conduct inspections of efficiency, food quality, and sterilization of restaurants, kitchens, laundries, bakeries and all consumer facilities. Any businesses found violating
Exxon Mobil trades higher ahead of a key shareholder vote on board seats that could mark the most significant change in decades for the country s biggest oil company as well as the future of CEO Darren Woods.
(Bloomberg) Nigeria’s central bank held its benchmark interest rate for a fourth straight meeting, prioritizing the recovery of the economy from last year’s recession over fighting inflation that’s near a four-year high.
The monetary policy committee kept the rate at 11.