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Aramco to Issue Debut Islamic Bonds in Three Months

Aramco to Issue Debut Islamic Bonds in Three Months

Khobar- Saudi Arabian Oil Co., Aramco, is seeking to issue USD2 billion worth debut Islamic bond sale, the first step of a plan to tap markets for $10 billion, said sources. Aramco will sell riyal-denominated Islamic bonds, or sukuk — the sukuk may be privately...
IMF, Gulf to Convene Wednesday in Riyadh

IMF, Gulf to Convene Wednesday in Riyadh

Riyadh- The Gulf ministers of finance and governors of central banks will convene with the International Monetary Fund (IMF) Chief in Riyadh Wednesday evening to discuss latest developments in the international economy and the effect on the region. This step will...