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A Saudi man shows Saudi riyal banknotes at a money exchange shop in Riyadh. (Reuters)
Saudi Arabia Sets ‘Benchmark’ for Emerging Markets
Riyadh- Saudi Arabia’s success in issuing its first internationally offered bonds, which touched a dashing excess demand of $ 33 billion, is proof that the Kingdom is on track to become the “benchmark” for emerging markets, with the expectations that...Caption:
A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain, September 27, 2016. REUTERS/Hamad I Mohammed
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...Caption:
Hamood bin Sangour Al-Zadjali Director of the Central Bank of Oman
Oman’s Central Bank Director: a Gulf Common Currency has Become a Matter of Time
Riyadh- Hamood bin Sangour Al-Zadjali Director of the Central Bank of Oman made a statement saying that a common Gulf currency has become indisputable and it is only a matter of time before its realization. Oman is not one of the countries pushing for a common...Caption:
The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. REUTERS/Yuri Gripas