The first was a 4.7-magnitude quake, followed by a 4.2-magnitude tremor
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 first was a 4.7-magnitude quake, followed by a 4.2-magnitude tremor
After rescue teams administered first aid, he was transported to the hospital
The date palms are seen as a part of the family, one farmer, who takes care of nearly 1200 trees with 'own hands,' says
Community management bodies send out circulars listing ‘security measures before travel’
Humidity is expected to range between 10 per cent and 75 per cent today
Imagine a firm acting like a strict parent, setting all the rules and watching the clock
Customising sessions to meet each patient's needs is essential to successful music therapy
Learners just need to bring their own goggles, swimsuit, water – and most importantly the determination to learn, and willingness to clean the beach