Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Abu Dhabi issues sovereign bonds and Kuwait prepares to borrow $ 65 billion

rocky
rocky
NNP TEAM
NNP TEAM


Posts : 205378
Join date : 2012-12-21

Abu Dhabi issues sovereign bonds and Kuwait prepares to borrow $ 65 billion Empty Abu Dhabi issues sovereign bonds and Kuwait prepares to borrow $ 65 billion

Post by rocky Sun 19 Apr 2020, 5:01 pm


[size=32][rtl]Abu Dhabi issues sovereign bonds and Kuwait prepares to borrow $ 65 billion[/rtl]


April 19, 2020
12

[/size]
Abu Dhabi issues sovereign bonds and Kuwait prepares to borrow $ 65 billion 217d_large
Abu Dhabi-Kuwait - the time  announced that the Emirate of Abu Dhabi Sunday that it issued sovereign bonds worth seven billion dollars, in The third operation of its kind this month in the Gulf states is facing a decline in oil prices. And Saudi Arabia raised seven billion dollars last week in the process of issuing bonds, while Qatar rich Gas-fired a ten billion dollar bond two weeks ago. Abu Dhabi, which has the largest sovereign wealth fund in the Gulf states, announced that the record of applications exceeded more than Six times the displayed size of the release. She said the Department of Finance in Abu Dhabi in a statement that sovereign bonds were distributed among the three segments are « slice worth 2Billion dollars , for a period of five years, and a slice worth 2 billion dollars for a period of ten years, and a slice worth 3 Billions of dollars for thirty years . 
The Saudi Ministry of Finance said that « the total subscription requests amounted to more than 54 billion US dollar » , noting that the coverage ratio of more than « more than seven times the total version » .
The Finance Ministry said that the Qatari IPO volume exceeded 45 billion dollars of investors.
The Kuwaiti government also sent a bill to parliament authorized the borrowing of 65 billion dollars for the next ten years.
The countries of the Gulf Cooperation Council, which includes Bahrain, Kuwait, the Sultanate of Oman, Qatar, Saudi Arabia and the United Arab Emirates, rely heavily on oil income , which ranges from 65% to 90% of public revenue.
International oil prices collapsed this year due to the closure measures aimed at stemming the outbreak of the emerging Corona virus in addition to A price war between Saudi Arabia and Russia.
And the failure of an agreement reached by the Group of Petroleum Exporting Countries ( OPEC ) and its allies , including Russia cut oil production at a rate of 9.7 million barrels per day, in stimulating oil prices.
The International Monetary Fund predicted shrinking GCC countries combined economy by 2.7 percent this year.



    Current date/time is Tue 07 Dec 2021, 3:59 am