Reuters Kuwait’s Equate Petrochemical has set initial price thoughts for a two-part US dollar-denominated bond that is expected to be sold on Thursday, according to a document from the lead arrangers. The company’s initial guidance for a long-five-year bond was at the low end of 200s basis points over midswaps, while price thoughts for a ten-year debt tranche were …

  Reuters Kuwait’s National Real Estate Company (NREC) plans to issue a $500 million sukuk early next year to help fund new projects and to refinance existing debt, its chief financial officer said on Monday. The company is about to obtain a credit rating from Standard & Poor’s and will then seek to appoint banks to arrange the planned Islamic …

  Bloomberg The trading arms of Royal Dutch Shell Plc and BP Plc enjoyed their best year ever in 2015, helping push the combined gross margins of oil merchants to a six-year high, according to a closely watched report. Oil traders last year “stormed ahead, thanks to low, volatile spot prices that created cash-and-carry opportunities,” consultancy Oliver Wyman said in …