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Saudi bonds make a splash. Bloombergs mideast finance reporter looked at what is driving demand for the kingdoms debt. Reporter demand is still pretty high from local investors. Always seen in saudi arabia as a result of the spending cuts the government has done, demand in the private sector has dried up. Banks are looking for decent assets to buy. There is a lot of demand for these issues. Only look at when they were around 58 billion riels on the table, this time it was just over 30. We are seeing demand is perhaps not as high as it was last month. We are starting to see interbank rates come up. What they were doing a year ago was sucking all of the equivalency out of the system. There is very little left for the private sector. Anchor does this give us any clues about the governments demands when it to investors later this year . Reporter the saudis has said another international assurances on the card for this year. If we look at the performance of the budget so far, theyve done ve ....
A new excise on tobacco and soft drinks will start from october 1, the first in a series of reforms designed to make up for lost revenue from Lower Oil Prices. Saudi bonds make a splash. Bloombergs mideast finance reporter looked at what is driving demand for the kingdoms debt. Reporter demand is still pretty high from local investors. What we have seen in saudi arabia as a result of the spending cuts the government has done, demand in the private sector has dried up. Banks are looking for decent assets to buy. There is a lot of demand for these issues. If we compare it to last month around 58 there was billion rials on the table, this time it was just over 30. We are seeing demand is perhaps not as high as it was last month. We are starting to see interbank rates come up. What they were doing a year ago was sucking all of the liquidity out of the system. There is very little left for the private sector. Rishaad does this give u ....
Middle East Business: Most Gulf bourses subdued gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia's top banks see 8% earnings surge to $5bn in Q1 arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.