Bloomberg Saudi Aramco, the world’s largest oil exporter, is working with JPMorgan Chase & Co., HSBC Holdings Plc and Riyad Bank on the company’s first sale of Islamic bonds, people with knowledge of the matter said. The three banks will help the Saudi oil company set up a riyal-denominated sukuk program, with the first sale potentially taking place this ...

  Reuters A $16.5 billion mass transit project planned for Saudi Arabia’s holy city of Mecca has been delayed so that its financing can be restructured, the head of the implementing body said. The kingdom has been slowing infrastructure projects and paring back state spending as it grapples with the economic fall-out of two years of depressed oil prices, which ...

  Brussels / AFP Eurozone ministers reached a vital deal with Greece on Wednesday to unlock bailout cash and start tackling the country’s debt mountain as demanded by the IMF, but analysts warned details are sketchy, spelling trouble further down the road. The agreement unlocks €10.3 billion ($12 billion) in bailout cash that Greece urgently needs to repay big loans to ...