Saudi arabia

Saudi Arabia has raised $5 billion in bonds after receiving around $20 billion in orders, a sign that an escalation in geopolitical tensions in the Gulf has not deterred investors looking for high returns amid low global rates. The kingdom has issued bonds with maturities of seven, 12 and 35 years, a document by one of the banks leading the deal showed, as part of plans to raise $32 billion worth of debt this year as it seeks new financing channels in an era of lower oil prices. The bond sale is the first by a Gulf government this year and follows a rise in geopolitical tensions in the region after Iran and the United States, Saudi Arabia's ally, traded military strikes earlier this month. Riyadh raised $1.25 billion in seven-year bonds offering 85 basis points over US Treasuries, $1 billion in 12-year notes with a spread of 110 basis points over the benchmark, and $2.75 billion in 35-year bonds, the kingdom's longest international bonds ever, with a 3.84 per cent yield. Saudi … [Read more...] about Saudi Arabia raises $5 billion as bond investors brush off Gulf jitters

The admission that Khashoggi died at the hands of Saudi officials after weeks of vehement denials by the Gulf kingdom comes after U.S. President Donald Trump said that the United States, which is Saudi Arabia’s biggest backer, could impose sanctions if it was proved the journalist was killed. … [Read more...] about Saudi Arabia admits Khashoggi was killed in its Istanbul consulate

A joint statement from Agnes Callamard, the United Nations special rapporteur for extra-judicial killings, and David Kaye, the UN's special rapporteur for free expression, said the allegation "demands immediate investigation by US and other relevant authorities". … [Read more...] about United Nations report says Saudis hacked Amazon boss Jeff Bezos’s phone, implicates Crown Prince Mohammed bin Salman

BANGKOK, Jan. 22 (Xinhua) - Saudi Arabia beat Uzbekistan 1-0 with a late goal in the semi-final of the U23 AFC championship here on Sunday, reaching the final and securing the spot for Tokyo Olympics with South Korea beating Australia 2-0. … [Read more...] about Saudi Arabia, South Korea secure Tokyo Olympic berths

“Recent media reports that suggest the Kingdom is behind a hacking of Mr. Jeff Bezos' phone are absurd. We call for an investigation on these claims so that we can have all the facts out,” Saudi's U.S. embassy said in a message posted on Twitter. … [Read more...] about Media report claims Saudi crown prince hacked Jeff Bezos’ phone, Saudi dismisses report