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Saudi Arabia to issue bonds for Jeddah, Riyadh airports DUBAI: Saudi Arabia's government will issue bonds next year backed by the kingdom's ministry of finance to fund construction work at airports in Riyadh and Jeddah, Finance Minister Ibrahim Alassaf told Al Arabiya television on Sunday.   "The rest of the bonds for King Abdulaziz Airport in Jeddah and King Khaled Airport in Riyadh will be issued this (coming) year," Alassaf said.   The kingdom's General Authority for Civil Aviation (GACA) said in January it planned to issue a second sukuk, or Islamic bond, at the end of 2012 to help fund its 27 billion riyal ($7.2 billion) airport in Jeddah.   A first sukuk, launched earlier this year and fully guaranteed by the Saudi Ministry of Finance, raised 15 billion riyals to help fund the Jeddah airport development.   Last year, industrial conglomerate Saudi Bin Laden Group won the contracts to develop the first phase of the Jeddah airport, raising its annual capacity to 30 million passengers.   Saudi ...

Kenya NAIROBI: The yield on Kenya's benchmark 91-day Treasury bills fell for a third straight week to 8.445 percent on Thursday at an oversubscribed sale, from 8.987 percent last week, the central bank said.   The bank said it received bids worth 7.86 billion shillings ($91.5 million) for the 4 billion shillings on offer, and accepted bids worth 6.4 billion shillings.   Copyright Reuters, 2012 ...
Bunds fall as equities rise, Italian sale eyed  LONDON: German Bund futures dipped on Thursday as global equities rose overnight, with investors looking to Italy's last funding hurdle of 2012 to gauge whether a recent rally in higher-yielding bonds would continue.   The treasury is seeking to place up to 6 billion euros of five- and 10-year bonds at an auction that could bring Rome within reach of its 460-465 billion euros ($594-$600 billion)2012 borrowing target.   Italian bond prices did not cheapen in the run-up to ...
South Africa JOHANNESBURG: Yields on benchmark South African government bonds dropped 2.5 basis points, reflecting a recovery in the local market as offshore buying supported prices on Friday.   The yield on the 2015 bond fell to 5.47 percent while the 2026 issue dropped to 7.74 percent.   "There was a bit of late afternoon buying, particularly in the long end, which had taken a bit of knock. We saw real money buying early in the week and it looks like ...
South Korea won edges down on US fiscal cliff, Greece; bonds up  SEOUL: The South Korean won fell slightly against the dollar on Tuesday on global uncertainties over the US fiscal row and a decision by euro-zone finance ministers not to hand out more aid to Greece.   The local currency ended onshore trade at 1,089.9 against the dollar, slightly down from Monday's domestic close at 1,088.6. The won is still up around 6 percent against the dollar this year.   Trading throughout the day was thin, however, due to markets ...
US bonds underpinned one day before close elections LONDON: US Treasuries rose on Monday as investors sought safety in lower-risk markets one day before uncertain presidential elections and as Greek worries returned to the forefront of investors' minds.   US 10-year government bond yields fell 2.3 basis points to 1.69 percent but remained well within the 1.5-1.9 percent range which has held since September.   Investors have been reluctant in recent weeks to put on big positions before the vote on Tuesday, with the race between President ...
Cameroon cocoa exports drop 7.7pc in September  YAOUNDE: Cameroon cocoa exports hit 25,490 tonnes in September, the second month of the 2012/13 harvest season, down more than 7 percent from the same month last season, National Cocoa and Coffee Board (NCCB) statistics showed on Friday.   The data, confirmed by the world's fifth largest cocoa grower's Cocoa and Coffee Interprofessional Board (CCIB), showed that exports fell by 7.7 percent compared with the 27,636 tonnes for the same month the previous season.   Month on month, exports ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln