The Bollywood actor hosted the inaugural Hope Gala in London attended by prominent global personalities
The Capital Market Authority said over SR204.4 billion ($54.5 billion) bonds would be available to trade, including floating- and fixed-rate bonds and Islamic instruments. The CMA did not say when trade would start, but it usually begins within weeks of the CMA approving an instrument.
Authorities hope exchange-based trading of government debt will help to expand ownership beyond banks to insurers, mutual funds and even individual investors, making it easier for the government to finance its budget deficit.
By creating transparent benchmark prices for debt, the trading could also encourage more Saudi companies to issue corporate bonds, reducing their reliance on bank lending, which is high by international standards.
In mid-2015, the government began offering local currency bonds in monthly auctions to help cover a huge budget deficit caused by low oil prices. It suspended those issues in late 2016 as banks struggled to absorb so much debt and Riyadh began to borrow overseas, but launched monthly sukuk issues in mid-2017. - Reuters
The Bollywood actor hosted the inaugural Hope Gala in London attended by prominent global personalities
More than 50 people are coming in to get the shot every day, doctors say
The nol cards can be used not only for public transport but also to make essential purchases at participating retail outlets in the emirate
The Italian company stands as the first Italian real estate brokerage group operating in the UAE
'The Australian batter also thinks 'there's no one better in India to have behind the stumps'
Policybazaar.ae unveils heartfelt short film advocating the need for term insurance
The app allows citizens to use digital documents on their smartphones instead of physical ones for identification and sharing purposes
With Dilly leading the company, the company continues to explore emerging technologies to ensure its solutions stay relevant to the industry