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Skyscrapers stand in the King Abdullah financial district in Riyadh. Demand for Saudi Arabia’s first sovereign loan in at least 15 years was so high that the government will probably boost the size of the transaction to about $10bn, according to people with knowledge of the matter, Bloomberg reported. The government, which initially sought to borrow as much as $8bn, decided to increase the size of the syndicated loan because of the oversubscription, the people said, asking not to be identified as the information is private. Banks from the US, Europe, Japan and China responded to the loan request, while the pricing and final allocation still has to be completed, the people said. Saudi Arabia is looking for other sources of funding to plug a budget deficit that is expected to reach 17.8% of economic output this year, according to Jadwa Investment Co.
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SPORT Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
TECHNOLOGY Some 60mn primary-school-age children have no access to formal education
CULTURE Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
ARABIA The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
ARABIA Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
ARABIA The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
ECONOMY Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.
