Daily Business Wrap -  Big money coming to Saudi, Mena - video Dailymotion

Gulf News

The dollar bonds sold on Wednesday mature in both 2029 and 2050 and attracted $27bn of orders. Saudi Arabia will pay a yield of 4.48 per cent on the bonds maturing in 2029, and 5.328 per cent on the 2050 debt. Daily headlines from the UAE and around the world brought to you by Gulf News.  #gulfnews #dailybusinesswrap

Transcript

00:00Hello and welcome to Gulshan's daily business wrap-up.

00:05Today we are going to talk about big money coming to Saudi and to the rest of the Minar

00:09region.

00:10Saudi staged a comeback to the global bond market by attracting bids of $27 billion for

00:15a bond of $7.5 billion.

00:18The Minar region saw a total of 3.28 billion dirhams worth of funding in startups following

00:24a record number of deals last year.

00:28Funding was up 31% on 2017 when excluding the outlier $200 billion raised by Karim last

00:37year distributed among top transactions, according to a report released on Wednesday.

00:43The most-watched Emirates NBD Purchase and Managers Index fell to 54% reading in December

00:50compared to 55.8% in November.

00:52This signalled the weakest improvement in business conditions since October.

00:56Businesses generally remained optimistic that business activity will continue to increase

00:59over the course of 2019.

01:01Optimism was based on expectations of improving economic conditions and success in securing

01:07additional sales over the next 12-month period.

Daily Business Wrap - Big money coming to Saudi, Mena

Category

Transcript

Recommended