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Finance & Markets

QNB completes second and largest riyal-denominated Shogun bond issuance

QNB Group has successfully completed its second Qatari riyal-denominated Shogun bond issuance, raising QR750mn from a diversified base of Japanese investors. The 3-year transaction represents the larg...

QNB completes second and largest riyal-denominated Shogun bond issuance

We haven't written up this one. Gulf Times Business has the full story — the link below goes straight to it.

Read the original at gulf-times.com →

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Abbey Bank cuts bad loans to zero as it transitions to commercial banking

Abbey Mortgage Bank Plc says it has reduced its non-performing loan (NPL) ratio from about 80% to zero following a debt recovery exercise, as it transitions into regional commercial banking.

  • Abbey Bank's non-performing loan ratio drops to zero
  • CEO Mobolaji Adewumi inherited legacy debts from 2007-2008
  • Bank pivots to commercial banking with digital focus

Norway's $2.3 Trillion Oil Fund Loses $30 Billion in Third Quarter

The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, booked a loss of $30 billion for the third quarter as higher interest rates and market turbulence hit…

  • Norway's $2.3 trillion Government Pension Fund Global lost $30 billion in Q3.
  • Decline attributed to rising interest rates and market volatility.
  • Fund diversified globally, with majority equity in U.S. market.

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