Saudi regulators are planning a further expansion of the local debt markets as the kingdom seeks more capital to finance massive construction projects.
There’s been about $228 billion in issuance to date in the history of the Saudi market, representing around 18% of gross domestic product, according to Abdulaziz Abdulmohsen Bin Hassan, a member of the five-person board that governs the Capital Market Authority.
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The amount of money owed to energy suppliers by customers has increased to a new record high of £4.4bn, figures from the regulator show.
Ofgem said that the level of energy debt and arrears in England, Wales and Scotland had risen by more than £750m compared with a year earlier.
The data, which covers the period from April to June, shows that more than one million households have no arrangement to repay their debt, also a record high.
The regulator is considering ways to tackle growing household debt. Earlier in the week it said plans included suppliers “debt matching” repayments by customers to clear the amount owed more quickly.
The level of debt to energy suppliers has increased sharply since the price of domestic gas and electricity…
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The level of debt to energy suppliers has increased sharply since the price of domestic gas and electricity pushed many households into financial difficulty in recent years.
The cost of essentials, including domestic energy, created the post-Covid crisis that led to millions of people receiving cost of living payments from the last government.
Energy prices are lower than their peak but remain relatively high. Some customers are struggling to pay their bills now, even before they try to repay unpaid bills from previous months and years.
Average debt for people who do not have a repayment plan with their provider stands at £1,716 per household.
Ofgem is studying how any debt that has little chance of being repaid should be covered.
On…
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09/25/2025 10:52
In the first half of 2025, the number of corporate insolvencies filed rose to 12,000, but the increase was lower than in the first six months of 2024 and 2023.
The number of company insolvency petitions rose to around 12,000 in the first half of 2025….
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Nicheliving directors save failed company from liquidation MSN
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The Nigerian government has called for urgent action to promote debt relief as a clear path to peace and prosperity, rather than an act of charity. President Bola Tinubu made the call in his national statement at the 80th session of the United Nations General Assembly on Wednesday in New York.
Mr Tinubu, represented by the Vice-President Kashim Shettima, also called for a new and binding mechanism to manage sovereign debt.
“It is a sort of International Court of Justice for money, that will allow emerging economies to escape the economic straitjacket of primary production of unprocessed exports. It has been over for decades since the Lagos Action Plan outlined a route away from debt and dependence that highlighted…
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President Bola Ahmed Tinubu on Wenesday, reiterated his call for a permanent seat for Nigeria on the United Nations (UN) Security Council, declaring that the global organisation will recover its relevance only when it reflects the world as it is, not as it was.
In a national statement read on his behalf by the Vice President, Kashim Shettima, during the ongoing general debate of the 80th session of the United Nations General Assembly (UNGA), the President also called for sovereign debt relief as well as access to trade and financing.
The event taking place in New York, United States, tagged UNGA 80, is themed: “Better Together: 80 Years and More for Peace, Development and Human…
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THE Nigeria government has demanded for a permanent seat on the United Nations Security Council, warning that the credibility of the world body depends on its ability to reflect current global realities rather than the post-Second World War order.
Vice-President Kashim Shettima, who delivered President Bola Tinubu’s address at the 80th UN General Assembly on Tuesday, September 25, urged member states to embrace sweeping reforms that would give Africa’s most populous country a stronger voice in international decision-making.
The vice-president warned that the slow pace of progress on key global issues had allowed scepticism about multilateralism to grow.
He argued that the UN must demonstrate that its structures were not fixed and…
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By Josh White · September 24, 2025, 5:28 PM BST
The former boss of a hotel on the Isle of Skye has been banned as a company director over tax debts totaling around £1.6 million ($2.2 million) to Britain’s revenue authority,…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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JINUSHI Co.,Ltd. ( (JP:3252) ) has shared an update.
JINUSHI Co., Ltd. announced the receipt of a dividend of surplus from its wholly-owned subsidiary, New Real Property Co., Ltd., as part of the liquidation process of the subsidiary. The dividend, comprising loan receivables and cash, will not impact the company’s consolidated financial results, but will be recorded in the non-consolidated financial statements as dividend income and a gain on exchange from dividends in kind.
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JINUSHI Co., Ltd. operates in the real…
