Jeddah / WAM Dr Zamir Iqbal, Vice President, Finance, chief financial officer of the Islamic Development Bank (IsDB), said the bank collected $1.6 billion from its first sukuk issuance in April. The AAA-rated issuance was executed in line with the bank’s $4.1 billion financing plan for 2022, approved by the chairman. In his statement to the Emirates News Agency …

Bloomberg Australia is poised to grab a fifth of the world’s lithium hydroxide refining capacity within five years as demand grows for battery metals that bypass China, Canberra said in a report. China produces more than 80% of the world’s lithium hydroxide, a processed form of the in-demand metal, according to the International Energy Agency (IEA). However, several companies are …

  Bloomberg Russian gas supplies to Italy via Austria resumed, bringing some temporary relief to gas prices in Europe. Gazprom PJSC said it has found a solution with Italian buyers to overcome the regulatory changes in Austria at the end of September that were preventing transit flows, according to a company statement on Telegram. Benchmark gas futures fell as much …