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Travelex Owner Finablr Might Owe US$1.3bn In Debt

Travelex owner Finablr on Thursday said that it might as much as US$1.3 billion in debt in a statement posted to London Stock Exchange...
Saudi Arabia’s central bank fined 16 financial institutions; ETF; saudi share

Saudi Arabia Releases Triple-Tranche Bonds In A Bid To Replenish Coffers

The Kingdom of Saudi Arabia is said to have already received more than US$35 billion in combined orders for a planned triple-tranche bond sale...

Egyptian Pound Continues to Rise as Inflows Pick Up

(Bloomberg) --Egypt’s currency, one of the world’s best performers in 2019, has breached a key threshold following inflows of more than $1.5 billion in...

Kuwait’s Budget to Stay in Red After Half Decade of Deficits

(Bloomberg) --Kuwait unveiled budget proposals that forecast a wider deficit for the year starting April 1, outlining fiscal plans that include a drop of...

Global Debt-to-GDP Ratio Hit an All-Time High Last Year

(Bloomberg) --The global debt-to-GDP ratio hit an all-time high of 322% in the third quarter of last year, according to a report released Monday...

Lebanon Eyes Voluntary Swap of March Eurobond Into New Debt

(Bloomberg) --Lebanon’s central bank wants local holders of a $1.2 billion sovereign Eurobond maturing in March to swap into new notes as part of...

Saudi Arabia May Tap Debt Market in January to Cover Deficit

(Bloomberg) --Saudi Arabia may tap international debt markets as early as next month as it seeks funding to help bridge its widening budget deficit. Most...

The Way Out for a World Economy Hooked On Debt? More Debt

(Bloomberg) -- Zombie companies in China. Crippling student bills in America. Sky-high mortgages in Australia. Another default scare in Argentina. A decade of easy money...
middle eastern bonds

Record $2.4 trillion global bond binge is threatening investor returns

(Bloomberg) --An unprecedented frenzy of debt sales around the world is threatening to cool this year’s hot returns on corporate bonds. Companies have sold a...