Middle-east Arab News Opinion | Asharq Al-awsat

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A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. (Reuters) 

Saudi Domestic Sukuk: Indication of Financial Solidity

by Shuja Al-Baqmi | Sep 20, 2017 | Business

Riyadh- The Saudi Finance Ministry announced on Monday that the third domestic sukuk issuance reached 350 percent in a record rate, while the first issuance was at 297 percent and the second at 300 percent. These figures indicate the solidity of the Saudi financial...

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A Moody’s sign on the 7 World Trade Center tower is photographed in New York. REUTERS/Mike Segar

Moody’s: Reduced Saudi Budget Deficit Credit Positive to Sovereign

by Asharq Al-Awsat | Aug 18, 2017 | Business

Riyadh- Moody’s has affirmed that the drop in the Saudi budget deficit in the first six months of 2017 to less than the half compared to the same period in 2016 is a credit positive to the sovereign of the kingdom. Saudi Arabia has achieved a remarkable progress in...

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Fitch: ‘Sharp Decline in Saudi Arabia’s Budget Deficit in Q1’

by Asharq Al-Awsat | May 24, 2017 | Business

Riyadh- A decline in Saudi Arabia’s first quarter budget deficit highlights the positive fiscal impact of higher oil prices on the country, Fitch Ratings said on Tuesday. The agency expects that the fiscal deficit will continue to fall on the back of higher oil...

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Saudi Arabia Establishes International Program to Issue Sukuk

by Shuja Al-Baqmi | Apr 5, 2017 | Business

Riyadh- Saudi Arabia has mandated investment banks to arrange the Kingdom’s first international sukuk denominated in dollars, the Finance Ministry said. The ministry said in a statement it had appointed a number of local and global banks to coordinate meetings with...

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German Finance Minister Wolfgang Schaeuble. AFP

Greek Militants Claim Explosive Parcel Sent to German Finance Ministry

by Asharq Al-Awsat English | Mar 16, 2017 | World

A Greek far-left group on Thursday claimed it had sent an explosive-filled envelope to the German finance ministry in Berlin. “We claim responsibility for sending a booby-trapped parcel to the German finance minister,” the Conspiracy of Fire Nuclei group...