Gulf Sovereign Wealth Funds Navigate Low Oil Prices

Posted on 07/13/2015

The Kingdom of Saudi Arabia has issued its first sovereign bonds since 2007, facing a significant budget gap that exceeds 145 billion riyals (US$ 38.6 billion) according to Saudi officials. To date, over 244 billion riyals (US$ 65 billion) has been transferred out of foreign reserves in 2015 to cover deficit spending. The reason for […]

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