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Saudi borrows ten billion

imyoda

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Investors Chronicle - Saudi borrows ten billion
Saudi borrows ten billion

………. Saudi Arabia’s transformation from creditor to debtor nation ………….

“Battered government finances due to lower oil prices, and reluctant to draw down foreign reserves, the kingdom of Saudi Arabia prepares to shift from creditor to debtor nation status. A consortium of global banks have lent $10 billion to the government for a period of five years. Fund managers believe this will pave the way for a bond issue, the first in 25 years, where the same banks are likely to get preferential treatment. One assumes all borrowings will be Sharia compliant…………….

……. Announcing its results yesterday chip maker Intel saw revenue rise to $13.7 billion from $12.78 this time last year, profits up 3 per cent to $2 billion. The big news was that it was going to slash 11 per cent of its workforce – 12000 jobs worldwide – as its focus turns to data centres……………

ALSO SEE:
https://www.thecable.ng/saudi-arabias-transformation-creditor-debtor-nation
Page not found – Welcome to Olajide's Weblog


With the price oil forecasted to remain low……and the need of the Saudi’s to pump oil to maintain market share……
So it would seem this just the start………… Maybe some of those lower princes will have to get a job what with their yearly stipend being in jeopardy…….
 

chromium

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i would say shame on these banks for lending to the evil empire, but then the banks have long been the dark side
 

Risky Thicket

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And now we know the real reason the sumbitches threatened to sell off the American assets over possible US disclosure of their involvement in 9/11. They think they are slicker than snot on a door knob but they aren't.
 

PeteEU

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Investors Chronicle - Saudi borrows ten billion
Saudi borrows ten billion

………. Saudi Arabia’s transformation from creditor to debtor nation ………….

“Battered government finances due to lower oil prices, and reluctant to draw down foreign reserves, the kingdom of Saudi Arabia prepares to shift from creditor to debtor nation status. A consortium of global banks have lent $10 billion to the government for a period of five years. Fund managers believe this will pave the way for a bond issue, the first in 25 years, where the same banks are likely to get preferential treatment. One assumes all borrowings will be Sharia compliant…………….

……. Announcing its results yesterday chip maker Intel saw revenue rise to $13.7 billion from $12.78 this time last year, profits up 3 per cent to $2 billion. The big news was that it was going to slash 11 per cent of its workforce – 12000 jobs worldwide – as its focus turns to data centres……………

ALSO SEE:
https://www.thecable.ng/saudi-arabias-transformation-creditor-debtor-nation
Page not found – Welcome to Olajide's Weblog


With the price oil forecasted to remain low……and the need of the Saudi’s to pump oil to maintain market share……
So it would seem this just the start………… Maybe some of those lower princes will have to get a job what with their yearly stipend being in jeopardy…….

They are not a debitor nation. They still have over 500+ billion in their sovereign wealth fund.
 

joG

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They are not a debitor nation. They still have over 500+ billion in their sovereign wealth fund.

That was my first thought as well.
 

imyoda

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They are not a debitor nation. They still have over 500+ billion in their sovereign wealth fund.

You should read the citations rather than thinking you know what you're talking about
 

Socrates1

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Investors Chronicle - Saudi borrows ten billion
Saudi borrows ten billion

………. Saudi Arabia’s transformation from creditor to debtor nation ………….

“Battered government finances due to lower oil prices, and reluctant to draw down foreign reserves, the kingdom of Saudi Arabia prepares to shift from creditor to debtor nation status. A consortium of global banks have lent $10 billion to the government for a period of five years. Fund managers believe this will pave the way for a bond issue, the first in 25 years, where the same banks are likely to get preferential treatment. One assumes all borrowings will be Sharia compliant…………….

……. Announcing its results yesterday chip maker Intel saw revenue rise to $13.7 billion from $12.78 this time last year, profits up 3 per cent to $2 billion. The big news was that it was going to slash 11 per cent of its workforce – 12000 jobs worldwide – as its focus turns to data centres……………

ALSO SEE:
https://www.thecable.ng/saudi-arabias-transformation-creditor-debtor-nation
Page not found – Welcome to Olajide's Weblog


With the price oil forecasted to remain low……and the need of the Saudi’s to pump oil to maintain market share……
So it would seem this just the start………… Maybe some of those lower princes will have to get a job what with their yearly stipend being in jeopardy…….

Financing terrorist can be costly ! :shock:
 
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