annual

RIYADH: Saudi Arabia has opened subscriptions for its September “Sah” savings sukuk, offering a fixed annual return of 4.80 percent, up from 4.70 percent in August’s issuance. 

The window opened at 10 a.m. Saudi time on Sept. 6 and closes at 3 p.m. on Sept. 8, according to the National Debt Management Center, or NDMC. 

The Shariah-compliant sukuk is denominated in Saudi riyals, carries a one-year maturity and pays a fixed return at maturity. The issuance is part of the NDMC’s 2026 calendar and reflects the Kingdom’s efforts to boost household savings and advance financial inclusion. 

The Shariah-compliant sukuk is denominated in Saudi riyals, carries a one-year maturity and pays a fixed return at maturity. The issuance is part of the NDMC’s 2026 calendar and reflects the Kingdom’s efforts to boost household savings and advance financial inclusion. 

In a post on X, the NDMC said the minimum subscription is SR1,000 ($266), while the maximum is capped at SR200,000 per individual across the program period. 

The sukuk is available only to Saudi citizens aged 18 or older through approved platforms, including SNB Capital, Aljazira Capital, Alinma Investment, SAB Invest and Al Rajhi Capital.  

Issued monthly, “Sah” sukuk returns are set according to prevailing market conditions. The program is issued by the Ministry of Finance and arranged by the NDMC and is designed to encourage personal savings and expand financial inclusion. 

Launched under Vision 2030’s Financial Sector Development Program, “Sah” aims to raise the Kingdom’s national savings rate to 10 percent by 2030, up from about 6 percent currently. 

International sukuk 

On Sept. 2, the Kingdom raised $3.25 billion through a two-tranche international sukuk issuance that drew about $16.5 billion in orders, the NDMC said. 

The order book was about five times the size of the offering, as the Kingdom tapped international Islamic debt markets through its Global Trust Certificate Issuance Program. 

Separately, Saudi Arabia’s non-oil private sector grew at its fastest pace in six months in August, with the Riyadh Bank Purchasing Managers’ Index rising to 53.8, driven by stronger business activity and domestic demand. 

The reading came as the non-oil economy continued to show resilience amid a sharp downturn in oil activity. 

A NEW theme park deal is letting you buy a 2027 annual pass which includes visiting for the rest of 2026 for free.

Merlin – who operates 20 top UK attractions including all the major theme parks – has launched a mega September deal on their annual passes.

Anyone buying a Gold or Platinum Merlin Annual Pass for 2027 can visit all of the attractions for free for the rest of the year.

This means three extra months free on top of the 12 months of 2027.

Merlin 2027 Annual Passes with FREE 2026 access

It also includes some of the top events including Fright Nights at Thorpe Park and Alton Towers‘ Scarefest, along with Christmas at Legoland.

The Gold Merlin Annual Pass includes 485 days of attraction access as well as additional extras worth £250.

PLAY ON

Alton Towers to offer guests FREE second day tickets to the theme park this summer

CHEAP THRILLS

Short break deals at UK theme parks where you can stay on-site from £34.13pp

This includes free parking and 20 per cent off food, drink and shops.

There are some exclusions, such as Alton Tower Fireworks, and from November 6-8.

Opt for the Platinum Merlin Annual Pass and it includes all of the above AND even more perks worth more than £500.

This includes a free Fastrack per visit, as well as four Bring a Friend tickets per year and a free Coke Freestyle cup that comes with two refills.

Not only that, but there are no exclusion dates (apart from some paid-for events).

The Gold Merlin Annual Pass currently costs £239 (or £19.99 a month), which works out to just 50p a visit.

Merlin 2027 Annual Passes with FREE 2026 access

The Platinum Merlin Annual Pass costs £299 (or £24.99 per month), which works out to

The deal is on offer until the end of the Month (September 30).

Here are the full list of attractions included in the passes:

• Alton Towers
• Thorpe Park
• Chessington World of Adventures Resort
• Legoland Windsor Resort
• Cadbury World
• The London Eye
• Warwick Castle
• Madame Tussauds
• The Dungeons (London, Edinburgh, York)
• Shrek’s Adenture! London
• Legoland Discovery Centres (Birmingham, Manchester)
• Sea Life (Manchester, Blackpool, Brighton, Weymouth, Great Yarmouth, Hunstanton, Scarborough, Loch Lomond)

Aug. 17 (UPI) — Britain’s Reform U.K. party said Monday that it would slash almost $68B from welfare, were it to win power at the next election.

The largest single ticket-items, saving $58.3 billion, would come from halting welfare payments to non-citizens and a shake up of disability and ill-health benefits.

Cutting off nationals of other countries, including those with settled status and resident EU nationals would save $28.5 billion by year five, according to Reform, but would breach the country’s 2019 Brexit deal with Brussels and would therefore require it to be renegotiated.

Foreign nationals would become ineligible for six main benefits from the state including “universal credit,” housing payments, free childcare and unemployment, child and disability checks.

All families whose children were born in Britain would continue to receive payments for each child under 16 [under 20 if in non-higher education or training] and free school meals for those with after-tax household incomes of $10,000 or less.

Danny Kruger, Reform’s work and pensions spokesman, told BBC’s Breakfast program it was fair that people requiring welfare should have it paid by the country of which they are a citizen.

“I’d understand if the Europeans decided to apply the same principle that we are and to deny our nationals access to their welfare system and we will pay for that ourselves.”

Kruger acknowledged that many settled overseas nationals living in Britain would simply apply for — and would likely be granted — British citizenship, insisting that the savings calculated took account of that scenario.

He said the plan had also taken into account that the EU would likely take reciprocal action, halting welfare payments to Britons who had not become citizens of the EU country where they were living.

The other biggest area of savings — $29.8 billion — would come from reforming disability benefits, including scrapping so-called personal independence payments for disabled people and replacing them with another cash benefit available only to those deemed “gravely ill and severely challenged.”

Kruger stressed that Reform accepted some people were unable to ever work, saying that those people would continue to be properly supported and would no longer be required to repeatedly be assessed to see if they were still eligible.

The pro-EU Best For Britain group criticized Reform’s plan, in particular the potential negative impact on relations with the EU.

“Our polling shows that people do want to renegotiate our relationship with Europe, but by moving closer, not by damaging ties with vital allies and punishing our neighbours, colleagues and friends who have settled status here,” said policy executive director Tom Brufatto.

Labour MP Rachael Maskell was critical of the targeting of disability benefits.

“When Pip helps people go to work, play a role in our society and simply live, threatening to remove Pip demonstrates that Reform do not want disabled people to play a full role in our society,” said Maskell who previously led a rebellion by Labour backbenchers against efforts by former Prime Minister Keir Starmer to cut welfare.

In April, the Office for Budget Responsibility said it expected Britain’s welfare bill for 2025-2026 to hit $452.4 billion, equivalent to 10.6% of GDP, and accounting around 24% of all government spending.

However, more than half of all welfare spending goes on pensioners, nearly all of it on the State Pension, an inflation-protected pension which people pay into until they retire and is topped up by the government.