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Saudi National Bank Gets $750 Million Via Debut ‘Sustainable’ Sukuk

Paris, France – Saudi National Bank, the kingdom’s largest lender that is 50.4% indirectly owned by the government, sold $750 million in debut ‘sustainable’ sukuk on Wednesday after demand topped $3.2 billion, a bank document showed.  The five- year Islamic bonds launched at 85 basis points (bps) over U.S. Treasuries (UST), tightened from initial price guidance … More Saudi National Bank Gets $750 Million Via Debut ‘Sustainable’ Sukuk

Qatar, Saudi Arabia Halt WTO Efforts To Resolve Piracy Broadcast Dispute

PARIS, France – Qatar and Saudi Arabia have halted efforts at the World Trade Organization to resolve a dispute over the alleged piracy of content produced by Doha – owned sports and entertainment channel beIN. The two countries notified the WTO they were ‘mutually’ suspending their remaining requests before its dispute resolution body, notices published by … More Qatar, Saudi Arabia Halt WTO Efforts To Resolve Piracy Broadcast Dispute

Saudi Arabia Celebrates ‘Year Of Saudi Coffee’ At Expo 2020 Dubai

DUBAI – Saudi Arabia’ initiative designating 2022 as ‘Year of Saudi Coffee’ spilled over at its pavilion at Expo 2020 Dubai with an information campaign emphasizing the importance of celebrating one of the Kingdom’s main elements of culture and folklore. A short film discussed the importance and status of coffee in Saudi society, with its different … More Saudi Arabia Celebrates ‘Year Of Saudi Coffee’ At Expo 2020 Dubai